SG Americas Securities LLC Makes New Investment in HomeStreet, Inc. (NASDAQ:HMST)

SG Americas Securities LLC purchased a new position in HomeStreet, Inc. (NASDAQ:HMST) during the 4th quarter, Holdings Channel reports. The firm purchased 12,485 shares of the financial services provider’s stock, valued at approximately $129,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of HMST. Advisor Group Holdings Inc. grew its position in HomeStreet by 10.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,390 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 309 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of HomeStreet by 57.7% during the 1st quarter. MetLife Investment Management LLC now owns 10,984 shares of the financial services provider’s stock valued at $520,000 after acquiring an additional 4,021 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of HomeStreet by 12.0% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,315 shares of the financial services provider’s stock valued at $820,000 after acquiring an additional 1,859 shares in the last quarter. Yousif Capital Management LLC boosted its position in shares of HomeStreet by 1.3% during the 1st quarter. Yousif Capital Management LLC now owns 21,415 shares of the financial services provider’s stock valued at $1,015,000 after acquiring an additional 270 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of HomeStreet by 19.4% during the 1st quarter. Federated Hermes Inc. now owns 298,771 shares of the financial services provider’s stock valued at $14,156,000 after acquiring an additional 48,460 shares in the last quarter. 74.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at HomeStreet

In other news, Director Joanne R. Harrell purchased 1,685 shares of HomeStreet stock in a transaction on Friday, March 15th. The shares were purchased at an average cost of $14.87 per share, for a total transaction of $25,055.95. Following the completion of the transaction, the director now directly owns 14,907 shares in the company, valued at $221,667.09. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on HMST shares. Wedbush lifted their target price on shares of HomeStreet from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods lifted their target price on shares of HomeStreet from $11.00 to $15.50 and gave the company a “market perform” rating in a research report on Wednesday, January 17th. Finally, StockNews.com started coverage on shares of HomeStreet in a research report on Monday. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.17.

HomeStreet Price Performance

NASDAQ:HMST opened at $12.33 on Thursday. The firm has a market cap of $232.54 million, a PE ratio of -8.45 and a beta of 1.32. HomeStreet, Inc. has a 12 month low of $4.20 and a 12 month high of $18.43. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 3.66. The company’s 50-day moving average price is $14.10 and its two-hundred day moving average price is $10.59.

HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Monday, January 29th. The financial services provider reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.15). The firm had revenue of $45.95 million during the quarter, compared to analyst estimates of $49.73 million. HomeStreet had a negative net margin of 6.23% and a positive return on equity of 1.55%. On average, equities analysts anticipate that HomeStreet, Inc. will post 0.19 EPS for the current fiscal 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.