HomeStreet, Inc. $HMST Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its stake in shares of HomeStreet, Inc. (NASDAQ:HMST) by 11.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 248,468 shares of the financial services provider’s stock after selling 33,682 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.31% of HomeStreet worth $2,917,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HMST. Wellington Management Group LLP grew its stake in shares of HomeStreet by 37.0% in the 4th quarter. Wellington Management Group LLP now owns 919,278 shares of the financial services provider’s stock worth $10,498,000 after purchasing an additional 248,352 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of HomeStreet by 28.3% in the fourth quarter. Ameriprise Financial Inc. now owns 750,902 shares of the financial services provider’s stock valued at $8,575,000 after purchasing an additional 165,842 shares during the period. Dimensional Fund Advisors LP raised its position in shares of HomeStreet by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 631,996 shares of the financial services provider’s stock valued at $7,217,000 after purchasing an additional 18,092 shares during the period. D. E. Shaw & Co. Inc. increased its position in HomeStreet by 126.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 428,578 shares of the financial services provider’s stock worth $4,894,000 after acquiring an additional 239,219 shares during the period. Finally, Acuitas Investments LLC increased its position in HomeStreet by 14.0% during the first quarter. Acuitas Investments LLC now owns 383,299 shares of the financial services provider’s stock worth $4,500,000 after acquiring an additional 46,991 shares during the period. Institutional investors and hedge funds own 74.71% of the company’s stock.

HomeStreet Stock Performance

Shares of NASDAQ:HMST opened at $13.87 on Friday. The stock has a market capitalization of $262.42 million, a P/E ratio of -1.87 and a beta of 1.38. HomeStreet, Inc. has a 1-year low of $8.41 and a 1-year high of $16.10. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 3.14. The business has a 50-day moving average price of $13.20 and a two-hundred day moving average price of $11.81.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings results on Monday, July 28th. The financial services provider reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.21). HomeStreet had a negative net margin of 42.54% and a negative return on equity of 3.92%. The company had revenue of $48.97 million during the quarter, compared to the consensus estimate of $49.96 million. Equities analysts predict that HomeStreet, Inc. will post 0.3 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods boosted their target price on shares of HomeStreet from $12.00 to $13.50 and gave the company a “market perform” rating in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $14.17.

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.