CCG Wealth Management LLC Has $2.02 Million Holdings in HomeStreet, Inc. (NASDAQ:HMST)

CCG Wealth Management LLC decreased its holdings in HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 24.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 172,237 shares of the financial services provider's stock after selling 57,205 shares during the quarter. HomeStreet comprises approximately 1.2% of CCG Wealth Management LLC's portfolio, making the stock its 19th biggest holding. CCG Wealth Management LLC owned about 0.91% of HomeStreet worth $2,022,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HMST. Wellington Management Group LLP grew its holdings in shares of HomeStreet by 37.0% during the fourth quarter. Wellington Management Group LLP now owns 919,278 shares of the financial services provider's stock worth $10,498,000 after buying an additional 248,352 shares in the last quarter. Ameriprise Financial Inc. grew its position in HomeStreet by 28.3% in the fourth quarter. Ameriprise Financial Inc. now owns 750,902 shares of the financial services provider's stock valued at $8,575,000 after acquiring an additional 165,842 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in HomeStreet by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 631,996 shares of the financial services provider's stock valued at $7,217,000 after purchasing an additional 18,092 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in HomeStreet by 126.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 428,578 shares of the financial services provider's stock valued at $4,894,000 after purchasing an additional 239,219 shares during the last quarter. Finally, Basswood Capital Management L.L.C. acquired a new position in HomeStreet in the fourth quarter worth about $3,268,000. 74.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on HMST. Keefe, Bruyette & Woods boosted their price objective on shares of HomeStreet from $12.00 to $13.50 and gave the company a "market perform" rating in a research report on Wednesday, May 7th. Piper Sandler upped their price target on shares of HomeStreet from $10.00 to $14.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Wall Street Zen upgraded shares of HomeStreet from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, Janney Montgomery Scott raised HomeStreet from a "neutral" rating to a "buy" rating in a research report on Tuesday, April 1st. Three equities 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.com, the stock presently has a consensus rating of "Hold" and an average target price of $14.17.

HomeStreet Stock Down 1.0%

HMST traded down $0.12 during trading on Tuesday, reaching $12.48. 38,903 shares of the stock traded hands, compared to its average volume of 144,671. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $236.12 million, a price-to-earnings ratio of -1.66 and a beta of 1.40. The stock's 50-day simple moving average is $12.07 and its two-hundred day simple moving average is $10.95. HomeStreet, Inc. has a fifty-two week low of $8.41 and a fifty-two week high of $16.10.

HomeStreet (NASDAQ:HMST - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $85.77 million for the quarter, compared to the consensus estimate of $46.61 million. HomeStreet had a negative return on equity of 3.95% and a negative net margin of 41.07%. As a group, equities research analysts expect that HomeStreet, Inc. will post 0.3 EPS for the current year.

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.