HomeStreet, Inc. (NASDAQ:HMST) Holdings Lifted by Acuitas Investments LLC

Acuitas Investments LLC increased its position in shares of HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 14.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 383,299 shares of the financial services provider's stock after buying an additional 46,991 shares during the period. HomeStreet comprises approximately 3.8% of Acuitas Investments LLC's holdings, making the stock its largest holding. Acuitas Investments LLC owned about 2.03% of HomeStreet worth $4,500,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in HMST. Basswood Capital Management L.L.C. purchased a new position in shares of HomeStreet in the 4th quarter valued at approximately $3,268,000. Wellington Management Group LLP raised its stake in HomeStreet by 37.0% in the 4th quarter. Wellington Management Group LLP now owns 919,278 shares of the financial services provider's stock worth $10,498,000 after acquiring an additional 248,352 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in HomeStreet by 126.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 428,578 shares of the financial services provider's stock worth $4,894,000 after acquiring an additional 239,219 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of HomeStreet in the fourth quarter valued at about $2,704,000. Finally, Fourthstone LLC acquired a new position in shares of HomeStreet in the fourth quarter valued at about $2,033,000. 74.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on HMST. Piper Sandler upped their price target on shares of HomeStreet from $10.00 to $14.00 and gave the company 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 research note on Wednesday, April 30th. Keefe, Bruyette & Woods increased their price target 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. Finally, Janney Montgomery Scott raised shares of HomeStreet from a "neutral" rating to a "buy" rating in a report on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $14.17.

HomeStreet Stock Down 0.1%

Shares of NASDAQ HMST traded down $0.01 during mid-day trading on Wednesday, hitting $13.09. The company had a trading volume of 108,749 shares, compared to its average volume of 142,417. The company has a market capitalization of $247.66 million, a PE ratio of -1.75 and a beta of 1.38. The business's 50-day simple moving average is $12.28 and its 200 day simple moving average is $11.00. HomeStreet, Inc. has a 1-year low of $8.41 and a 1-year high of $16.10. 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 (NASDAQ:HMST - Get Free Report) last announced 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 3.95% and a negative net margin of 41.07%. The company had revenue of $85.77 million for the quarter, compared to analyst estimates of $46.61 million. On average, analysts predict that HomeStreet, Inc. will post 0.3 earnings per share for the current 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.