American Century Companies Inc. Sells 48,020 Shares of HomeStreet, Inc. $HMST

American Century Companies Inc. decreased its stake in shares of HomeStreet, Inc. (NASDAQ:HMST) by 27.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 127,933 shares of the financial services provider’s stock after selling 48,020 shares during the quarter. American Century Companies Inc. owned about 0.68% of HomeStreet worth $1,502,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HMST. Wells Fargo & Company MN grew its stake in shares of HomeStreet by 27.5% in the fourth 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 in the last quarter. GAMMA Investing LLC lifted its stake in HomeStreet by 960.1% in the first quarter. GAMMA Investing LLC now owns 11,470 shares of the financial services provider’s stock valued at $1,350,000 after acquiring an additional 10,388 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of HomeStreet in the 1st quarter valued at about $135,000. Squarepoint Ops LLC bought a new position in shares of HomeStreet in the 4th quarter valued at about $138,000. Finally, Deutsche Bank AG increased its stake in shares of HomeStreet by 33.5% during the 4th quarter. Deutsche Bank AG now owns 12,175 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 3,055 shares during the last quarter. Institutional investors own 74.71% of the company’s stock.

HomeStreet Price Performance

NASDAQ:HMST opened at $13.87 on Wednesday. The company has a market cap of $262.33 million, a P/E ratio of -1.87 and a beta of 1.40. The firm’s fifty day moving average price is $13.25 and its two-hundred day moving average price is $11.86. HomeStreet, Inc. has a one year low of $8.41 and a one year high of $16.10. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.03 and a quick ratio of 1.02.

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

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised 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 investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $14.17.

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.