HomeStreet, Inc. (NASDAQ:HMST) Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its position in HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 1,067.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,627 shares of the financial services provider's stock after purchasing an additional 19,775 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.11% of HomeStreet worth $247,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings in shares of 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 buying an additional 1,266 shares during the last quarter. Assetmark Inc. purchased a new stake in HomeStreet during the fourth quarter worth $40,000. Oxford Asset Management LLP acquired a new stake in shares of HomeStreet during the 4th quarter valued at about $118,000. Wells Fargo & Company MN increased its position in shares of HomeStreet by 27.5% in the fourth 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 position in HomeStreet during the fourth quarter worth $131,000. Hedge funds and other institutional investors own 74.71% of the company's stock.

HomeStreet Stock Down 0.1%

Shares of HMST stock traded down $0.01 during trading hours on Monday, reaching $13.00. 50,742 shares of the stock were exchanged, compared to its average volume of 154,322. HomeStreet, Inc. has a 12-month low of $8.09 and a 12-month high of $16.10. The business's fifty day moving average is $11.77 and its two-hundred day moving average is $10.89. 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 capitalization of $245.97 million, a P/E ratio of -1.70 and a beta of 1.40.

HomeStreet (NASDAQ:HMST - Get Free Report) last issued 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 analyst estimates of $46.61 million. HomeStreet had a negative return on equity of 4.23% and a negative net margin of 40.30%. As a group, research analysts expect that HomeStreet, Inc. will post 0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.