HomeStreet, Inc. (NASDAQ:HMST) Shares Acquired by Shay Capital LLC

Shay Capital LLC increased its holdings in HomeStreet, Inc. (NASDAQ:HMST) by 49.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,064 shares of the financial services provider’s stock after acquiring an additional 6,017 shares during the quarter. Shay Capital LLC’s holdings in HomeStreet were worth $206,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Wellington Management Group LLP lifted its stake in shares of HomeStreet by 37.0% in the fourth quarter. Wellington Management Group LLP now owns 919,278 shares of the financial services provider’s stock worth $10,498,000 after acquiring an additional 248,352 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in HomeStreet by 28.3% in the fourth quarter. Ameriprise Financial Inc. now owns 750,902 shares of the financial services provider’s stock valued at $8,575,000 after buying an additional 165,842 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in HomeStreet by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 631,996 shares of the financial services provider’s stock valued at $7,217,000 after buying an additional 18,092 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in HomeStreet by 126.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 428,578 shares of the financial services provider’s stock valued at $4,894,000 after buying an additional 239,219 shares during the last quarter. Finally, Acuitas Investments LLC increased its holdings in HomeStreet by 1.1% in the fourth quarter. Acuitas Investments LLC now owns 336,308 shares of the financial services provider’s stock valued at $3,841,000 after buying an additional 3,619 shares during the last quarter. Institutional investors and hedge funds own 74.71% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Janney Montgomery Scott raised HomeStreet from a “neutral” rating to a “buy” rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods boosted their price objective on HomeStreet from $12.00 to $13.50 and gave the company a “market perform” rating in a report on Wednesday, May 7th. StockNews.com raised HomeStreet from a “sell” rating to a “hold” rating in a report on Wednesday, April 30th. Finally, Piper Sandler boosted their price objective on HomeStreet from $10.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.00.

HomeStreet Stock Down 1.3%

NASDAQ:HMST opened at $12.64 on Friday. The firm has a market capitalization of $239.16 million, a PE ratio of -1.65 and a beta of 1.34. The stock has a 50 day moving average of $10.85 and a 200-day moving average of $10.70. HomeStreet, Inc. has a 52 week low of $8.09 and a 52 week high of $16.10. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.09.

HomeStreet (NASDAQ:HMST) last posted its earnings results on Monday, April 28th. The financial services provider reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The company had revenue of $85.77 million for the quarter, compared to the consensus estimate of $46.61 million. HomeStreet had a negative net margin of 40.30% and a negative return on equity of 4.23%. Analysts predict that HomeStreet, Inc. will post 0.3 EPS for the current year.

About HomeStreet

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services in the Western United States. The company offers personal and business checking, savings, interest-bearing negotiable order of withdrawal, and money market accounts, as well as certificates of deposit; credit cards; insurance; and treasury management services.