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

Cubist Systematic Strategies LLC increased its stake in HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 182.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,156 shares of the financial services provider's stock after buying 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 SEC filing.

Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. increased its stake in shares of HomeStreet by 66.1% during the fourth quarter. Russell Investments Group Ltd. now owns 3,181 shares of the financial services provider's stock valued at $36,000 after buying an additional 1,266 shares during the period. Assetmark Inc. purchased a new position in shares of HomeStreet during the fourth quarter valued at $40,000. EMC Capital Management increased its stake in shares of HomeStreet by 20.8% during the fourth quarter. EMC Capital Management now owns 8,613 shares of the financial services provider's stock valued at $98,000 after buying an additional 1,484 shares during the period. Oxford Asset Management LLP purchased a new position in shares of HomeStreet during the fourth quarter valued at $118,000. Finally, Wells Fargo & Company MN increased its stake in shares of HomeStreet by 27.5% during the fourth 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 period. 74.71% of the stock is currently owned by institutional investors.

HomeStreet Stock Performance

HMST stock traded up $0.06 during trading on Tuesday, reaching $12.34. The company had a trading volume of 54,943 shares, compared to its average volume of 156,953. The company has a market cap of $233.49 million, a price-to-earnings ratio of -1.61 and a beta of 1.34. HomeStreet, Inc. has a twelve month low of $8.09 and a twelve month high of $16.10. 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 firm has a 50-day simple moving average of $10.92 and a 200-day simple moving average of $10.74.

HomeStreet (NASDAQ:HMST - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The financial services provider reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). The company had revenue of $85.77 million for the quarter, compared to analysts' expectations of $46.61 million. HomeStreet had a negative net margin of 40.30% and a negative return on equity of 4.23%. As a group, sell-side analysts expect that HomeStreet, Inc. will post 0.3 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Piper Sandler raised their price target on HomeStreet from $10.00 to $14.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Janney Montgomery Scott upgraded HomeStreet from a "neutral" rating to a "buy" rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods lifted their target price on HomeStreet from $12.00 to $13.50 and gave the company a "market perform" rating in a research note on Wednesday, May 7th. Finally, StockNews.com upgraded HomeStreet from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, HomeStreet currently has an average rating of "Hold" and an average price target of $14.00.

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.