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

CCG Wealth Management LLC lowered its holdings in shares of HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 24.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,237 shares of the financial services provider's stock after selling 57,205 shares during the quarter. HomeStreet accounts for about 1.2% of CCG Wealth Management LLC's portfolio, making the stock its 19th biggest position. 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 have also modified their holdings of HMST. Price T Rowe Associates Inc. MD increased its stake in HomeStreet by 7.5% during 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 purchasing an additional 1,136 shares in the last quarter. Russell Investments Group Ltd. increased its stake 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 worth $36,000 after purchasing an additional 1,266 shares in the last quarter. Wells Fargo & Company MN increased 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 purchasing an additional 2,339 shares in the last quarter. Northern Trust Corp increased its stake in HomeStreet by 1.6% during the 4th 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 in the last quarter. Finally, Bank of America Corp DE increased its stake in HomeStreet by 15.3% during the 4th 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 in the last quarter. 74.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HMST has been the subject of several research reports. Piper Sandler raised 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 raised shares of HomeStreet from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Janney Montgomery Scott raised shares of HomeStreet from a "neutral" rating to a "buy" rating in a research note on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods raised their price target on shares of HomeStreet from $12.00 to $13.50 and gave the stock a "market perform" rating in a research note on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $14.17.

HomeStreet Stock Up 0.8%

Shares of HMST traded up $0.10 during mid-day trading on Friday, hitting $12.42. 174,375 shares of the company's stock were exchanged, compared to its average volume of 145,457. The company has a market cap of $234.99 million, a PE ratio of -1.66 and a beta of 1.40. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.02 and a quick ratio of 1.02. HomeStreet, Inc. has a 52 week low of $8.41 and a 52 week high of $16.10. The company has a 50-day simple moving average of $12.03 and a 200 day simple moving average of $10.94.

HomeStreet (NASDAQ:HMST - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The financial services provider reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The company had revenue of $85.77 million during the quarter, compared to analyst estimates of $46.61 million. HomeStreet had a negative net margin of 41.07% and a negative return on equity of 3.95%. On average, research analysts forecast that HomeStreet, Inc. will post 0.3 earnings per share for the current fiscal 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.