Ameriprise Financial Inc. grew its position in HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 28.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 750,902 shares of the financial services provider's stock after buying an additional 165,842 shares during the quarter. Ameriprise Financial Inc. owned 3.98% of HomeStreet worth $8,575,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in shares of HomeStreet by 7.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,222 shares of the financial services provider's stock worth $186,000 after acquiring an additional 1,136 shares in the last quarter. Russell Investments Group Ltd. increased its position in HomeStreet by 66.1% during the 4th quarter. Russell Investments Group Ltd. now owns 3,181 shares of the financial services provider's stock valued at $36,000 after buying an additional 1,266 shares in the last quarter. EMC Capital Management increased its position in HomeStreet by 20.8% during the 4th quarter. EMC Capital Management now owns 8,613 shares of the financial services provider's stock valued at $98,000 after buying an additional 1,484 shares in the last quarter. Wells Fargo & Company MN increased its position 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 valued at $124,000 after buying an additional 2,339 shares in the last quarter. Finally, Northern Trust Corp increased its position in HomeStreet by 1.6% during the 4th quarter. Northern Trust Corp now owns 162,266 shares of the financial services provider's stock valued at $1,853,000 after buying an additional 2,615 shares in the last quarter. 74.71% of the stock is currently owned by hedge funds and other institutional investors.
HomeStreet Stock Performance
Shares of HMST stock traded up $0.11 during mid-day trading on Monday, reaching $12.16. The stock had a trading volume of 60,506 shares, compared to its average volume of 157,706. The business's fifty day moving average is $11.23 and its 200-day moving average is $10.80. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.09. The firm has a market cap of $230.08 million, a price-to-earnings ratio of -1.59 and a beta of 1.34. HomeStreet, Inc. has a 1-year low of $8.09 and a 1-year high of $16.10.
HomeStreet (NASDAQ:HMST - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The financial services provider reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). The firm had revenue of $85.77 million during the quarter, compared to analyst estimates of $46.61 million. HomeStreet had a negative net margin of 40.30% and a negative return on equity of 4.23%. On average, research analysts forecast that HomeStreet, Inc. will post 0.3 earnings per share for the current year.
Analysts Set New Price Targets
Several brokerages recently issued reports on HMST. Keefe, Bruyette & Woods upped their target price on HomeStreet from $12.00 to $13.50 and gave the company a "market perform" rating in a research report on Wednesday, May 7th. Janney Montgomery Scott raised HomeStreet from a "neutral" rating to a "buy" rating in a research report on Tuesday, April 1st. Wall Street Zen raised HomeStreet from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, Piper Sandler upped their target price on HomeStreet from $10.00 to $14.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, HomeStreet has a consensus rating of "Hold" and an average price target of $14.00.
Get Our Latest Stock Analysis on HMST
About HomeStreet
(
Free Report)
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.
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