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

Public Employees Retirement System of Ohio lifted its holdings in shares of HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 1,067.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 about 0.11% of HomeStreet worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its holdings in shares of HomeStreet by 66.1% in the 4th 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. purchased a new position in shares of HomeStreet during the 4th quarter worth approximately $40,000. Oxford Asset Management LLP acquired a new stake in HomeStreet in the fourth quarter valued at $118,000. Wells Fargo & Company MN lifted its stake 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 purchasing an additional 2,339 shares during the period. Finally, Sei Investments Co. acquired a new stake in shares of HomeStreet in the 4th quarter worth approximately $131,000. 74.71% of the stock is currently owned by hedge funds and other institutional investors.

HomeStreet Stock Performance

Shares of HMST opened at $12.80 on Friday. The stock has a market capitalization of $242.19 million, a PE ratio of -1.67 and a beta of 1.34. 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 price is $11.75 and its 200 day moving average price 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.

HomeStreet (NASDAQ:HMST - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). HomeStreet had a negative net margin of 40.30% and a negative return on equity of 4.23%. The company had revenue of $85.77 million for the quarter, compared to analyst estimates of $46.61 million. Equities research analysts forecast that HomeStreet, Inc. will post 0.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of HomeStreet from $12.00 to $13.50 and gave the company a "market perform" rating in a research report on Wednesday, May 7th. Piper Sandler lifted their price objective on HomeStreet from $10.00 to $14.00 and gave the company a "neutral" rating in a research note 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. Finally, Janney Montgomery Scott raised HomeStreet from a "neutral" rating to a "buy" rating in a research report on Tuesday, April 1st. Three 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, HomeStreet currently has an average rating of "Hold" and a consensus 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.

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