D. E. Shaw & Co. Inc. Has $4.89 Million Stake in HomeStreet, Inc. (NASDAQ:HMST)

D. E. Shaw & Co. Inc. lifted its stake in HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 126.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 428,578 shares of the financial services provider's stock after acquiring an additional 239,219 shares during the period. D. E. Shaw & Co. Inc. owned 2.27% of HomeStreet worth $4,894,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its holdings in HomeStreet by 276.4% during the third quarter. Barclays PLC now owns 23,937 shares of the financial services provider's stock worth $377,000 after buying an additional 17,578 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in HomeStreet during the fourth quarter worth approximately $214,000. JPMorgan Chase & Co. boosted its holdings in HomeStreet by 113.0% during the third quarter. JPMorgan Chase & Co. now owns 23,814 shares of the financial services provider's stock worth $375,000 after buying an additional 12,632 shares in the last quarter. Wellington Management Group LLP boosted its holdings in 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. Finally, Cubist Systematic Strategies LLC boosted its holdings in HomeStreet by 182.1% during the fourth quarter. Cubist Systematic Strategies LLC now owns 42,156 shares of the financial services provider's stock worth $481,000 after buying an additional 27,214 shares in the last quarter. 74.71% of the stock is owned by institutional investors and hedge funds.

HomeStreet Trading Up 0.9%

HomeStreet stock traded up $0.11 during midday trading on Friday, reaching $12.16. The stock had a trading volume of 60,506 shares, compared to its average volume of 157,288. The firm's fifty day simple moving average is $11.17 and its two-hundred day simple moving average is $10.80. HomeStreet, Inc. has a twelve month low of $8.09 and a twelve month high of $16.10. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.02 and a quick ratio of 1.02. 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 (NASDAQ:HMST - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The financial services provider reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). HomeStreet had a negative return on equity of 4.23% and a negative net margin of 40.30%. The firm had revenue of $85.77 million during the quarter, compared to analyst estimates of $46.61 million. Equities analysts anticipate that HomeStreet, Inc. will post 0.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on HMST shares. Piper Sandler raised their target price on shares of HomeStreet from $10.00 to $14.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Wall Street Zen upgraded shares of HomeStreet from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th. Janney Montgomery Scott upgraded shares of HomeStreet from a "neutral" rating to a "buy" rating in a report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods raised their target price on shares of HomeStreet from $12.00 to $13.50 and gave the stock a "market perform" rating in a report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $14.00.

About HomeStreet

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.