HomeStreet, Inc. (NASDAQ:HMST) Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC boosted its position in shares of HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 182.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,156 shares of the financial services provider's stock after purchasing an additional 27,214 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.22% of HomeStreet worth $481,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of HMST. Barclays PLC boosted its position in HomeStreet by 276.4% during the 3rd quarter. Barclays PLC now owns 23,937 shares of the financial services provider's stock valued at $377,000 after acquiring an additional 17,578 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in HomeStreet during the 4th quarter valued at $214,000. JPMorgan Chase & Co. boosted its position in HomeStreet by 113.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,814 shares of the financial services provider's stock valued at $375,000 after acquiring an additional 12,632 shares in the last quarter. Wellington Management Group LLP boosted its position in HomeStreet by 37.0% during the 4th 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 in the last quarter. Finally, Acuitas Investments LLC boosted its position in HomeStreet by 1.1% during the 4th quarter. Acuitas Investments LLC now owns 336,308 shares of the financial services provider's stock valued at $3,841,000 after acquiring an additional 3,619 shares in the last quarter. 74.71% of the stock is currently owned by hedge funds and other institutional investors.

HomeStreet Stock Up 0.7%

HMST stock traded up $0.09 on Thursday, hitting $12.14. 6,722 shares of the company's stock were exchanged, compared to its average volume of 156,774. HomeStreet, Inc. has a 12-month low of $8.09 and a 12-month high of $16.10. The firm has a 50 day moving average price of $11.05 and a two-hundred day moving average price of $10.76. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $229.68 million, a P/E ratio of -1.58 and a beta of 1.34.

HomeStreet (NASDAQ:HMST - Get Free Report) last announced its earnings results 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 return on equity of 4.23% and a negative net margin of 40.30%. The business had revenue of $85.77 million for the quarter, compared to analysts' expectations of $46.61 million. As a group, equities research analysts expect that HomeStreet, Inc. will post 0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

HMST has been the topic of several recent research reports. Janney Montgomery Scott raised HomeStreet from a "neutral" rating to a "buy" rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods boosted their target price on HomeStreet from $12.00 to $13.50 and gave the stock a "market perform" rating in a research note on Wednesday, May 7th. Wall Street Zen upgraded HomeStreet from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Piper Sandler boosted their target price on HomeStreet from $10.00 to $14.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $14.00.

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.