HomeStreet, Inc. (NASDAQ:HMST) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its stake in shares of HomeStreet, Inc. (NASDAQ:HMST) by 66.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,181 shares of the financial services provider’s stock after buying an additional 1,266 shares during the quarter. Russell Investments Group Ltd.’s holdings in HomeStreet were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of HMST. Wellington Management Group LLP lifted its holdings in shares of HomeStreet by 37.0% in the fourth quarter. Wellington Management Group LLP now owns 919,278 shares of the financial services provider’s stock valued at $10,498,000 after purchasing an additional 248,352 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of HomeStreet by 189.0% in the fourth quarter. JPMorgan Chase & Co. now owns 68,817 shares of the financial services provider’s stock valued at $786,000 after purchasing an additional 45,003 shares in the last quarter. Trexquant Investment LP lifted its holdings in shares of HomeStreet by 167.1% in the fourth quarter. Trexquant Investment LP now owns 55,488 shares of the financial services provider’s stock valued at $634,000 after purchasing an additional 34,710 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of HomeStreet by 89.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 67,711 shares of the financial services provider’s stock valued at $773,000 after purchasing an additional 31,895 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of HomeStreet in the fourth quarter valued at about $214,000. Hedge funds and other institutional investors own 74.71% of the company’s stock.

HomeStreet Stock Performance

Shares of HMST opened at $11.17 on Monday. 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 company has a market capitalization of $211.35 million, a price-to-earnings ratio of -1.46 and a beta of 1.33. The company’s 50 day simple moving average is $10.15 and its 200 day simple moving average is $10.94. HomeStreet, Inc. has a 1 year low of $8.09 and a 1 year high of $16.10.

HomeStreet (NASDAQ:HMST) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). HomeStreet had a negative return on equity of 4.23% and a negative net margin of 40.30%. On average, sell-side analysts predict that HomeStreet, Inc. will post 0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HMST. Janney Montgomery Scott raised shares of HomeStreet from a “neutral” rating to a “buy” rating in a report on Tuesday, April 1st. Piper Sandler upped their price objective on shares of HomeStreet from $10.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.25.

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.