Emerald Mutual Fund Advisers Trust Invests $300,000 in HomeStreet, Inc. (NASDAQ:HMST)

Emerald Mutual Fund Advisers Trust acquired a new stake in shares of HomeStreet, Inc. (NASDAQ:HMST - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 25,572 shares of the financial services provider's stock, valued at approximately $300,000. Emerald Mutual Fund Advisers Trust owned approximately 0.14% of HomeStreet at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Stieven Capital Advisors L.P. acquired a new position in shares of HomeStreet in the first quarter worth about $3,522,000. Acuitas Investments LLC boosted its holdings in shares of HomeStreet by 14.0% during the first quarter. Acuitas Investments LLC now owns 383,299 shares of the financial services provider's stock worth $4,500,000 after purchasing an additional 46,991 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of HomeStreet during the first quarter worth approximately $135,000. Hennessy Advisors Inc. boosted its holdings in shares of HomeStreet by 50.0% during the first quarter. Hennessy Advisors Inc. now owns 105,000 shares of the financial services provider's stock worth $1,233,000 after purchasing an additional 35,000 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of HomeStreet by 960.1% during the first quarter. GAMMA Investing LLC now owns 11,470 shares of the financial services provider's stock worth $1,350,000 after purchasing an additional 10,388 shares during the period. Institutional investors own 74.71% of the company's stock.

Analyst Ratings Changes

HMST has been the topic of several recent research reports. Wall Street Zen raised shares of HomeStreet from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Janney Montgomery Scott raised shares of HomeStreet from a "neutral" rating to a "buy" rating in a research report on Tuesday, April 1st. Piper Sandler raised their price objective on shares of HomeStreet from $10.00 to $14.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods raised their price objective on shares of HomeStreet from $12.00 to $13.50 and gave the company a "market perform" rating in a research report on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $14.17.

HomeStreet Stock Performance

Shares of NASDAQ:HMST traded up $0.08 during trading on Wednesday, reaching $13.16. The stock had a trading volume of 56,355 shares, compared to its average volume of 139,867. HomeStreet, Inc. has a 52 week low of $8.41 and a 52 week high of $16.10. The firm has a market capitalization of $248.99 million, a price-to-earnings ratio of -1.75 and a beta of 1.38. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.06. The stock has a fifty day simple moving average of $12.67 and a two-hundred day simple moving average of $11.16.

HomeStreet (NASDAQ:HMST - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The financial services provider reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). HomeStreet had a negative net margin of 41.07% and a negative return on equity of 3.95%. The firm had revenue of $85.77 million during the quarter, compared to the consensus estimate of $46.61 million. As a group, analysts anticipate that HomeStreet, Inc. will post 0.3 earnings per share 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.