HomeStreet, Inc. (NASDAQ:HMST) Shares Purchased by Cwm LLC

Cwm LLC raised its holdings in HomeStreet, Inc. (NASDAQ:HMST) by 2,222.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,553 shares of the financial services provider’s stock after acquiring an additional 3,400 shares during the period. Cwm LLC’s holdings in HomeStreet were worth $37,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. increased its stake in HomeStreet by 1,460.5% in the third quarter. Assenagon Asset Management S.A. now owns 184,013 shares of the financial services provider’s stock valued at $1,433,000 after purchasing an additional 172,221 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of HomeStreet by 47.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 435,099 shares of the financial services provider’s stock valued at $3,389,000 after acquiring an additional 140,357 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of HomeStreet by 167.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,284 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 2,055 shares during the period. SG Americas Securities LLC acquired a new stake in shares of HomeStreet in the fourth quarter worth approximately $129,000. Finally, Federated Hermes Inc. grew its holdings in HomeStreet by 49.6% in the third quarter. Federated Hermes Inc. now owns 33,802 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 11,213 shares during the period. Hedge funds and other institutional investors own 74.71% of the company’s stock.

HomeStreet Stock Performance

NASDAQ:HMST opened at $10.44 on Friday. HomeStreet, Inc. has a twelve month low of $4.20 and a twelve month high of $15.82. The firm has a market capitalization of $196.88 million, a price-to-earnings ratio of -4.90 and a beta of 1.35. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 4.40. The firm’s fifty day simple moving average is $13.51 and its 200 day simple moving average is $11.13.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HMST shares. Wedbush increased their price target on shares of HomeStreet from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. StockNews.com initiated coverage on HomeStreet in a report on Thursday. They issued a “sell” rating on the stock. Finally, Keefe, Bruyette & Woods dropped their price target on HomeStreet from $15.50 to $13.50 and set a “market perform” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.50.

Insider Buying and Selling at HomeStreet

In other news, Director Joanne R. Harrell purchased 1,685 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average cost of $14.87 per share, with a total value of $25,055.95. Following the acquisition, the director now owns 14,907 shares in the company, valued at $221,667.09. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.60% of the stock is currently owned by corporate insiders.

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.