Millennium Management LLC Has $317,000 Stake in HomeStreet, Inc. (NASDAQ:HMST)

Millennium Management LLC cut its stake in HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 75.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,789 shares of the financial services provider's stock after selling 85,046 shares during the quarter. Millennium Management LLC owned approximately 0.15% of HomeStreet worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of HMST. Wellington Management Group LLP lifted its stake in HomeStreet by 37.0% in the fourth quarter. Wellington Management Group LLP now owns 919,278 shares of the financial services provider's stock valued at $10,498,000 after acquiring an additional 248,352 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of HomeStreet by 28.3% in the 4th quarter. Ameriprise Financial Inc. now owns 750,902 shares of the financial services provider's stock valued at $8,575,000 after purchasing an additional 165,842 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in HomeStreet by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 631,996 shares of the financial services provider's stock worth $7,217,000 after purchasing an additional 18,092 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in HomeStreet by 126.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 428,578 shares of the financial services provider's stock worth $4,894,000 after purchasing an additional 239,219 shares in the last quarter. Finally, Acuitas Investments LLC increased its position in HomeStreet by 1.1% during the fourth quarter. Acuitas Investments LLC now owns 336,308 shares of the financial services provider's stock worth $3,841,000 after buying an additional 3,619 shares during the last quarter. 74.71% of the stock is currently owned by hedge funds and other institutional investors.

HomeStreet Stock Performance

HMST traded down $0.56 during midday trading on Friday, reaching $12.26. The company's stock had a trading volume of 45,931 shares, compared to its average volume of 150,006. The stock has a market cap of $231.97 million, a P/E ratio of -1.60 and a beta of 1.40. The company has a fifty day simple moving average of $11.90 and a 200 day simple moving average of $10.94. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.09. HomeStreet, Inc. has a twelve month low of $8.41 and a twelve month high of $16.10.

HomeStreet (NASDAQ:HMST - Get Free Report) last posted its quarterly earnings data 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). 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 the consensus estimate of $46.61 million. Research analysts expect that HomeStreet, Inc. will post 0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price target 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 upgraded HomeStreet from a "neutral" rating to a "buy" rating in a report on Tuesday, April 1st. Piper Sandler increased their price target on 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, HomeStreet has a consensus 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.