Squarepoint Ops LLC Invests $138,000 in HomeStreet, Inc. (NASDAQ:HMST)

Squarepoint Ops LLC acquired a new position in shares of HomeStreet, Inc. (NASDAQ:HMST) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 12,090 shares of the financial services provider’s stock, valued at approximately $138,000. Squarepoint Ops LLC owned 0.06% of HomeStreet at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in HMST. Russell Investments Group Ltd. lifted its holdings 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 worth $36,000 after purchasing an additional 1,266 shares during the period. Assetmark Inc. acquired a new stake in shares of HomeStreet in the 4th quarter valued at approximately $40,000. Oxford Asset Management LLP acquired a new stake in shares of HomeStreet in the 4th quarter valued at approximately $118,000. Wells Fargo & Company MN lifted its holdings in shares of HomeStreet by 27.5% in the 4th 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. Finally, Sei Investments Co. acquired a new stake in HomeStreet in the fourth quarter valued at $131,000. 74.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HMST shares. Janney Montgomery Scott raised HomeStreet from a “neutral” rating to a “buy” rating in a report on Tuesday, April 1st. Piper Sandler raised 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. Wall Street Zen upgraded shares of HomeStreet from a “sell” rating to a “hold” rating in a research note on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of HomeStreet from $12.00 to $13.50 and gave the company a “market perform” rating in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, HomeStreet presently has an average rating of “Hold” and an average price target of $14.00.

HomeStreet Trading Up 1.6%

NASDAQ:HMST opened at $13.01 on Monday. The company has a market capitalization of $246.16 million, a PE ratio of -1.70 and a beta of 1.40. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.09. HomeStreet, Inc. has a 52-week low of $8.09 and a 52-week high of $16.10. The stock has a fifty day simple moving average of $11.77 and a 200-day simple moving average of $10.89.

HomeStreet (NASDAQ:HMST) last announced its earnings results on Monday, April 28th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $46.61 million. On average, equities research analysts expect that HomeStreet, Inc. will post 0.3 earnings per share for the current fiscal year.

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.