Nuveen LLC Makes New $914,000 Investment in HomeStreet, Inc. $HMST

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

Other hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in shares of HomeStreet by 7.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,222 shares of the financial services provider's stock valued at $186,000 after buying an additional 1,136 shares during the last quarter. XTX Topco Ltd grew its position in shares of HomeStreet by 8.9% in the 1st quarter. XTX Topco Ltd now owns 16,635 shares of the financial services provider's stock valued at $195,000 after buying an additional 1,359 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of HomeStreet by 27.5% in the 4th 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 during the last quarter. Northern Trust Corp grew its position in shares of HomeStreet by 1.6% in the 4th quarter. Northern Trust Corp now owns 162,266 shares of the financial services provider's stock valued at $1,853,000 after buying an additional 2,615 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of HomeStreet by 15.3% in the 4th quarter. Bank of America Corp DE now owns 19,934 shares of the financial services provider's stock valued at $228,000 after buying an additional 2,643 shares during the last quarter. 74.71% of the stock is currently owned by institutional investors and hedge funds.

HomeStreet Stock Up 1.8%

Shares of NASDAQ HMST traded up $0.25 during mid-day trading on Friday, reaching $13.87. The company had a trading volume of 292,884 shares, compared to its average volume of 143,074. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 3.14. The firm has a 50 day simple moving average of $13.33 and a two-hundred day simple moving average of $11.94. The stock has a market cap of $262.33 million, a P/E ratio of -1.87 and a beta of 1.40. HomeStreet, Inc. has a 52-week low of $8.41 and a 52-week high of $16.10.

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