Sculptor Capital LP Acquires Shares of 407,271 HomeStreet, Inc. $HMST

Key Points

• Sculptor Capital LP acquired 407,271 shares of HomeStreet, Inc., valued at approximately $4,781,000, increasing its ownership to 2.15% of the company.
• HomeStreet reported a loss of $0.16 EPS for the last quarter, missing analysts' expectations, with revenues of $48.97 million, below the forecast of $49.96 million.
• Analysts have set a consensus target price for HomeStreet shares at $14.17, with an average rating of "Moderate Buy" from four equity research analysts.

Sculptor Capital LP acquired a new stake in HomeStreet, Inc. (NASDAQ:HMST - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 407,271 shares of the financial services provider's stock, valued at approximately $4,781,000. Sculptor Capital LP owned 2.15% of HomeStreet at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HMST. State of Wyoming acquired a new position in shares of HomeStreet in the 1st quarter valued at about $68,000. AlphaQuest LLC raised its stake in HomeStreet by 257.2% during the 1st quarter. AlphaQuest LLC now owns 7,080 shares of the financial services provider's stock worth $83,000 after buying an additional 5,098 shares during the period. Wells Fargo & Company MN raised its stake in HomeStreet by 27.5% during the 4th quarter. Wells Fargo & Company MN now owns 10,852 shares of the financial services provider's stock worth $124,000 after buying an additional 2,339 shares during the period. Janney Montgomery Scott LLC acquired a new position in HomeStreet during the 1st quarter worth approximately $135,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of HomeStreet in the fourth quarter worth approximately $138,000. 74.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their price objective on HomeStreet from $12.00 to $13.50 and gave the stock a "market perform" rating in a research note on Wednesday, May 7th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $14.17.

HomeStreet Stock Performance

Shares of HMST stock traded up $0.25 during trading on Thursday, hitting $13.87. The company's stock had a trading volume of 292,884 shares, compared to its average volume of 143,074. The company has a market cap of $262.33 million, a PE ratio of -1.87 and a beta of 1.40. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 3.14. The business has a fifty day moving average of $13.28 and a 200-day moving average of $11.87. HomeStreet, Inc. has a 52 week low of $8.41 and a 52 week high of $16.10.

HomeStreet (NASDAQ:HMST - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The financial services provider reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.21). HomeStreet had a negative net margin of 42.54% and a negative return on equity of 3.92%. The firm had revenue of $48.97 million for the quarter, compared to the consensus estimate of $49.96 million. As a group, research analysts anticipate 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.