HomeStreet, Inc. (NASDAQ:HMST) Shares Purchased by Hennessy Advisors Inc.

Hennessy Advisors Inc. grew its position in shares of HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 50.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,000 shares of the financial services provider's stock after purchasing an additional 35,000 shares during the quarter. Hennessy Advisors Inc. owned approximately 0.55% of HomeStreet worth $1,233,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in HMST. Russell Investments Group Ltd. lifted its holdings in HomeStreet by 66.1% during the fourth quarter. Russell Investments Group Ltd. now owns 3,181 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 1,266 shares in the last quarter. Assetmark Inc. acquired a new position in shares of HomeStreet during the 4th quarter worth about $40,000. Oxford Asset Management LLP purchased a new position in HomeStreet in the 4th quarter valued at about $118,000. Wells Fargo & Company MN lifted its stake in HomeStreet by 27.5% in 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, Sei Investments Co. acquired a new stake in HomeStreet in the 4th quarter worth about $131,000. 74.71% of the stock is currently owned by institutional investors and hedge funds.

HomeStreet Stock Up 1.5%

Shares of HMST stock traded up $0.18 on Thursday, reaching $12.32. 42,162 shares of the stock were exchanged, compared to its average volume of 147,410. The business's 50 day moving average price is $11.96 and its 200 day moving average price is $10.95. The company has a market capitalization of $233.09 million, a price-to-earnings ratio of -1.64 and a beta of 1.40. HomeStreet, Inc. has a twelve month low of $8.41 and a twelve month high of $16.10. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.06.

HomeStreet (NASDAQ:HMST - Get Free Report) last posted its earnings results on Monday, April 28th. The financial services provider reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The business had revenue of $85.77 million for the quarter, compared to analysts' expectations 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, sell-side analysts expect that HomeStreet, Inc. will post 0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.