25,572 Shares in HomeStreet, Inc. (NASDAQ:HMST) Acquired by Emerald Mutual Fund Advisers Trust

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

Other hedge funds also recently modified their holdings of the company. Assetmark Inc. bought a new position in HomeStreet during the fourth quarter worth about $40,000. Proficio Capital Partners LLC bought a new position in HomeStreet during the fourth quarter worth about $214,000. Sei Investments Co. bought a new position in HomeStreet during the fourth quarter worth about $131,000. JPMorgan Chase & Co. increased its position in HomeStreet by 189.0% during the fourth quarter. JPMorgan Chase & Co. now owns 68,817 shares of the financial services provider's stock worth $786,000 after acquiring an additional 45,003 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in HomeStreet by 89.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 67,711 shares of the financial services provider's stock worth $773,000 after acquiring an additional 31,895 shares during the period. Institutional investors and hedge funds own 74.71% of the company's stock.

Wall Street Analyst Weigh In

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

HomeStreet Price Performance

Shares of HomeStreet stock traded down $0.15 during midday trading on Friday, hitting $13.15. 42,775 shares of the company traded hands, compared to its average volume of 140,874. The stock has a market cap of $248.80 million, a price-to-earnings ratio of -1.75 and a beta of 1.38. The company has a debt-to-equity ratio of 3.06, a quick ratio of 1.02 and a current ratio of 1.02. The firm's fifty day moving average price is $12.60 and its 200-day moving average price is $11.13. HomeStreet, Inc. has a 12 month low of $8.41 and a 12 month high of $16.10.

HomeStreet (NASDAQ:HMST - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The financial services provider reported ($0.15) earnings per share (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 41.07% and a negative return on equity of 3.95%. As a group, sell-side analysts forecast that HomeStreet, Inc. will post 0.3 earnings per share for the current year.

HomeStreet Company 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.