Stieven Capital Advisors L.P. Takes Position in HomeStreet, Inc. (NASDAQ:HMST)

Stieven Capital Advisors L.P. purchased a new stake in shares of HomeStreet, Inc. (NASDAQ:HMST - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 300,000 shares of the financial services provider's stock, valued at approximately $3,522,000. Stieven Capital Advisors L.P. owned 1.59% of HomeStreet at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of HMST. Public Employees Retirement System of Ohio raised its position in shares of HomeStreet by 1,067.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 21,627 shares of the financial services provider's stock worth $247,000 after purchasing an additional 19,775 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of HomeStreet during the 1st quarter worth approximately $135,000. Bank of America Corp DE raised its position in shares of HomeStreet by 15.3% during the 4th quarter. Bank of America Corp DE now owns 19,934 shares of the financial services provider's stock worth $228,000 after purchasing an additional 2,643 shares during the last quarter. Hennessy Advisors Inc. raised its position in shares of HomeStreet by 50.0% during the 1st quarter. Hennessy Advisors Inc. now owns 105,000 shares of the financial services provider's stock worth $1,233,000 after purchasing an additional 35,000 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of HomeStreet during the 4th quarter worth approximately $214,000. 74.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Janney Montgomery Scott upgraded HomeStreet from a "neutral" rating to a "buy" rating in a research report on Tuesday, April 1st. Wall Street Zen upgraded HomeStreet from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Piper Sandler lifted their price objective on 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 lifted 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. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $14.17.

HomeStreet Trading Down 1.1%

HMST stock traded down $0.15 during midday trading on Friday, hitting $13.15. The stock had a trading volume of 42,775 shares, compared to its average volume of 140,697. The firm has a market cap of $248.81 million, a PE ratio of -1.75 and a beta of 1.38. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.02 and a quick ratio of 1.02. HomeStreet, Inc. has a 12-month low of $8.41 and a 12-month high of $16.10. The company's 50-day moving average price is $12.60 and its 200 day moving average price is $11.13.

HomeStreet (NASDAQ:HMST - Get Free Report) last released its earnings results on Monday, April 28th. The financial services provider reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The firm had revenue of $85.77 million during the quarter, compared to analysts' expectations of $46.61 million. HomeStreet had a negative return on equity of 3.95% and a negative net margin of 41.07%. On average, equities research analysts predict that HomeStreet, Inc. will post 0.3 earnings per share for the current fiscal year.

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.