Stieven Capital Advisors L.P. Invests $3.52 Million in HomeStreet, Inc. (NASDAQ:HMST)

Stieven Capital Advisors L.P. purchased a new stake in HomeStreet, Inc. (NASDAQ:HMST - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 300,000 shares of the financial services provider's stock, valued at approximately $3,522,000. Stieven Capital Advisors L.P. owned about 1.59% of HomeStreet as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in HMST. Wellington Management Group LLP raised its position in shares of HomeStreet by 37.0% in the fourth quarter. Wellington Management Group LLP now owns 919,278 shares of the financial services provider's stock worth $10,498,000 after acquiring an additional 248,352 shares during the period. Ameriprise Financial Inc. raised its position in shares of HomeStreet by 28.3% in the fourth quarter. Ameriprise Financial Inc. now owns 750,902 shares of the financial services provider's stock worth $8,575,000 after acquiring an additional 165,842 shares during the period. Dimensional Fund Advisors LP raised its position in shares of 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 acquiring an additional 18,092 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of 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 acquiring an additional 239,219 shares during the period. Finally, Acuitas Investments LLC raised its position in shares of HomeStreet by 14.0% in the first quarter. Acuitas Investments LLC now owns 383,299 shares of the financial services provider's stock worth $4,500,000 after acquiring an additional 46,991 shares during the period. 74.71% of the stock is owned by hedge funds and other institutional investors.

HomeStreet Price Performance

HMST stock traded down $0.35 during mid-day trading on Tuesday, reaching $13.08. The company's stock had a trading volume of 45,817 shares, compared to its average volume of 140,045. The stock has a market cap of $247.49 million, a PE ratio of -1.74 and a beta of 1.38. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.06. HomeStreet, Inc. has a fifty-two week low of $8.41 and a fifty-two week high of $16.10. The company's 50 day moving average is $12.60 and its two-hundred day moving average is $11.13.

HomeStreet (NASDAQ:HMST - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $85.77 million for the quarter, compared to analyst estimates of $46.61 million. HomeStreet had a negative return on equity of 3.95% and a negative net margin of 41.07%. Equities research analysts expect that HomeStreet, Inc. will post 0.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HMST. Janney Montgomery Scott upgraded shares of HomeStreet from a "neutral" rating to a "buy" rating in a research report on Tuesday, April 1st. Wall Street Zen upgraded shares of HomeStreet from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Piper Sandler upped their price target on shares of HomeStreet from $10.00 to $14.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods upped their price target on shares of HomeStreet from $12.00 to $13.50 and gave the stock a "market perform" rating in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $14.17.

About HomeStreet

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.