Wellington Management Group LLP Has $10.50 Million Holdings in HomeStreet, Inc. (NASDAQ:HMST)

Wellington Management Group LLP raised its holdings in shares of HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 37.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 919,278 shares of the financial services provider's stock after acquiring an additional 248,352 shares during the period. Wellington Management Group LLP owned approximately 4.86% of HomeStreet worth $10,498,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Russell Investments Group Ltd. grew 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 buying an additional 1,266 shares during the period. Assetmark Inc. acquired a new position in shares of HomeStreet in the 4th quarter valued at approximately $40,000. Oxford Asset Management LLP bought a new stake in HomeStreet during the 4th quarter worth approximately $118,000. Wells Fargo & Company MN raised its holdings in HomeStreet by 27.5% during the 4th quarter. Wells Fargo & Company MN now owns 10,852 shares of the financial services provider's stock worth $124,000 after buying an additional 2,339 shares during the period. Finally, Sei Investments Co. acquired a new stake in HomeStreet during the 4th quarter worth approximately $131,000. Institutional investors and hedge funds own 74.71% of the company's stock.

Wall Street Analyst Weigh In

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

HomeStreet Price Performance

Shares of NASDAQ HMST traded down $0.04 during mid-day trading on Thursday, reaching $12.79. The company had a trading volume of 49,858 shares, compared to its average volume of 154,840. The firm has a market cap of $241.90 million, a price-to-earnings ratio of -1.67 and a beta of 1.34. The business's 50-day simple moving average is $11.73 and its 200 day simple moving average is $10.88. HomeStreet, Inc. has a one year low of $8.09 and a one year high of $16.10. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.02 and a current ratio of 1.02.

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 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 business had revenue of $85.77 million during the quarter, compared to analyst estimates of $46.61 million. On average, research analysts predict that HomeStreet, Inc. will post 0.3 earnings per share for the current fiscal 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.