Nuveen LLC Takes $914,000 Position in HomeStreet, Inc. $HMST

Nuveen LLC acquired a new position in shares of HomeStreet, Inc. (NASDAQ:HMST - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 77,825 shares of the financial services provider's stock, valued at approximately $914,000. Nuveen LLC owned 0.41% of HomeStreet as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted 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 in the last quarter. GAMMA Investing LLC lifted its holdings in HomeStreet by 960.1% during the 1st quarter. GAMMA Investing LLC now owns 11,470 shares of the financial services provider's stock worth $1,350,000 after buying an additional 10,388 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in HomeStreet during the 1st quarter worth approximately $135,000. Squarepoint Ops LLC acquired a new stake in HomeStreet during the 4th quarter worth approximately $138,000. Finally, Deutsche Bank AG lifted its holdings in HomeStreet by 33.5% during the 4th quarter. Deutsche Bank AG now owns 12,175 shares of the financial services provider's stock worth $139,000 after buying an additional 3,055 shares in the last quarter. 74.71% of the stock is currently owned by institutional investors and hedge funds.

HomeStreet Stock Up 1.8%

Shares of HMST traded up $0.25 during midday trading on Friday, reaching $13.87. The stock had a trading volume of 292,884 shares, compared to its average volume of 143,074. HomeStreet, Inc. has a 1-year low of $8.41 and a 1-year high of $16.10. The company's fifty day simple moving average is $13.31 and its two-hundred day simple moving average is $11.90. The company has a market cap of $262.33 million, a price-to-earnings ratio of -1.87 and a beta of 1.40. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.03 and a quick ratio of 1.02.

HomeStreet (NASDAQ:HMST - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The financial services provider reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.21). HomeStreet had a negative return on equity of 3.92% and a negative net margin of 42.54%.The company had revenue of $48.97 million for the quarter, compared to analyst estimates of $49.96 million. Equities research analysts expect 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.