D. E. Shaw & Co. Inc. Increases Stock Position in HomeStreet, Inc. (NASDAQ:HMST)

D. E. Shaw & Co. Inc. increased its holdings in HomeStreet, Inc. (NASDAQ:HMST) by 126.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 428,578 shares of the financial services provider’s stock after buying an additional 239,219 shares during the period. D. E. Shaw & Co. Inc.’s holdings in HomeStreet were worth $4,894,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of HMST. Russell Investments Group Ltd. lifted its holdings in shares of HomeStreet by 66.1% in the fourth quarter. Russell Investments Group Ltd. now owns 3,181 shares of the financial services provider’s stock worth $36,000 after buying an additional 1,266 shares in the last quarter. Assetmark Inc. purchased a new position in HomeStreet during the fourth quarter valued at approximately $40,000. EMC Capital Management increased its holdings in HomeStreet by 20.8% during the 4th quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 1,484 shares during the period. Oxford Asset Management LLP purchased a new stake in HomeStreet in the 4th quarter worth approximately $118,000. Finally, Wells Fargo & Company MN boosted its holdings in HomeStreet by 27.5% in the 4th quarter. Wells Fargo & Company MN now owns 10,852 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 2,339 shares during the period. 74.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HMST has been the topic of several research analyst reports. Janney Montgomery Scott raised shares of HomeStreet from a “neutral” rating to a “buy” rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods boosted their target price on HomeStreet from $12.00 to $13.50 and gave the stock a “market perform” rating in a research 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 lifted their price target on HomeStreet from $10.00 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, HomeStreet currently has an average rating of “Hold” and a consensus target price of $14.00.

HomeStreet Stock Down 1.3%

Shares of NASDAQ:HMST opened at $12.64 on Friday. The firm has a fifty day moving average of $10.85 and a 200 day moving average of $10.71. HomeStreet, Inc. has a 52-week low of $8.09 and a 52-week high of $16.10. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $239.16 million, a PE ratio of -1.65 and a beta of 1.34.

HomeStreet (NASDAQ:HMST) last posted its quarterly earnings data on Monday, April 28th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The firm had revenue of $85.77 million during the quarter, compared to analysts’ expectations of $46.61 million. HomeStreet had a negative return on equity of 4.23% and a negative net margin of 40.30%. As a group, research analysts anticipate that HomeStreet, Inc. will post 0.3 EPS for the current fiscal year.

HomeStreet Profile

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.