Sculptor Capital LP Invests $4.78 Million in 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 position in HomeStreet, Inc. (NASDAQ:HMST - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 quarter.

Several other large investors have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of HomeStreet by 7.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,222 shares of the financial services provider's stock worth $186,000 after buying an additional 1,136 shares during the period. XTX Topco Ltd increased its holdings in shares of HomeStreet by 8.9% in the first quarter. XTX Topco Ltd now owns 16,635 shares of the financial services provider's stock worth $195,000 after buying an additional 1,359 shares during the period. Wells Fargo & Company MN increased its holdings in shares of HomeStreet by 27.5% in the fourth 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. Northern Trust Corp increased its holdings in shares of HomeStreet by 1.6% in the fourth quarter. Northern Trust Corp now owns 162,266 shares of the financial services provider's stock worth $1,853,000 after buying an additional 2,615 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of HomeStreet by 15.3% in the fourth quarter. Bank of America Corp DE now owns 19,934 shares of the financial services provider's stock worth $228,000 after buying an additional 2,643 shares during the period. Hedge funds and other institutional investors own 74.71% of the company's stock.

HomeStreet Stock Up 1.8%

Shares of HMST stock traded up $0.25 during midday trading on Wednesday, reaching $13.87. 292,884 shares of the stock were exchanged, compared to its average volume of 143,074. HomeStreet, Inc. has a 1 year low of $8.41 and a 1 year high of $16.10. The company's 50 day moving average is $13.25 and its two-hundred day moving average is $11.86. 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 firm has a market cap of $262.33 million, a PE ratio of -1.87 and a beta of 1.40.

HomeStreet (NASDAQ:HMST - Get Free Report) last posted its earnings results on Monday, July 28th. The financial services provider reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.21). HomeStreet had a negative return on equity of 3.92% and a negative net margin of 42.54%.The firm had revenue of $48.97 million for the quarter, compared to analysts' expectations of $49.96 million. On average, equities research analysts predict that HomeStreet, Inc. will post 0.3 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their price target on HomeStreet from $12.00 to $13.50 and gave the company a "market perform" rating in a report on Wednesday, May 7th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $14.17.

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.