American Century Companies Inc. Lowers Stock Position in HomeStreet, Inc. $HMST

American Century Companies Inc. cut its stake in shares of HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 27.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 127,933 shares of the financial services provider's stock after selling 48,020 shares during the quarter. American Century Companies Inc. owned approximately 0.68% of HomeStreet worth $1,502,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its stake in HomeStreet by 7.5% during 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 purchasing an additional 1,136 shares during the last quarter. XTX Topco Ltd lifted its stake in HomeStreet by 8.9% during the first quarter. XTX Topco Ltd now owns 16,635 shares of the financial services provider's stock worth $195,000 after purchasing an additional 1,359 shares during the last quarter. Wells Fargo & Company MN lifted its stake in HomeStreet by 27.5% during the fourth quarter. Wells Fargo & Company MN now owns 10,852 shares of the financial services provider's stock worth $124,000 after purchasing an additional 2,339 shares during the last quarter. Northern Trust Corp lifted its stake in HomeStreet by 1.6% during the fourth quarter. Northern Trust Corp now owns 162,266 shares of the financial services provider's stock worth $1,853,000 after purchasing an additional 2,615 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in HomeStreet by 15.3% during the fourth quarter. Bank of America Corp DE now owns 19,934 shares of the financial services provider's stock worth $228,000 after purchasing an additional 2,643 shares during the last quarter. Hedge funds and other institutional investors own 74.71% of the company's stock.

HomeStreet Stock Up 1.8%

HMST stock traded up $0.25 during trading on Friday, hitting $13.87. 292,884 shares of the company's stock were exchanged, compared to its average volume of 143,074. The business has a 50-day moving average price of $13.33 and a two-hundred day moving average price of $11.94. The stock has a market capitalization of $262.33 million, a price-to-earnings ratio of -1.87 and a beta of 1.40. HomeStreet, Inc. has a 52-week low of $8.41 and a 52-week high of $16.10. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 3.14.

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 the consensus estimate of $0.05 by ($0.21). The business had revenue of $48.97 million for the quarter, compared to analysts' expectations of $49.96 million. HomeStreet had a negative return on equity of 3.92% and a negative net margin of 42.54%. As a group, equities research analysts expect that HomeStreet, Inc. will post 0.3 EPS 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.