Nuveen LLC Acquires Shares of 77,825 HomeStreet, Inc. $HMST

Nuveen LLC acquired a new position in HomeStreet, Inc. (NASDAQ:HMST) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 77,825 shares of the financial services provider’s stock, valued at approximately $914,000. Nuveen LLC owned about 0.41% of HomeStreet at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in 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 acquiring an additional 248,352 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in 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 buying an additional 165,842 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of HomeStreet by 2.9% in the 4th 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. lifted its stake in HomeStreet by 126.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 428,578 shares of the financial services provider’s stock valued at $4,894,000 after acquiring an additional 239,219 shares in the last quarter. Finally, Acuitas Investments LLC boosted its stake in shares of HomeStreet by 14.0% during the 1st quarter. Acuitas Investments LLC now owns 383,299 shares of the financial services provider’s stock worth $4,500,000 after buying an additional 46,991 shares during the last quarter. Institutional investors own 74.71% of the company’s stock.

HomeStreet Stock Up 1.8%

Shares of NASDAQ HMST opened at $13.87 on Wednesday. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.03 and a quick ratio of 1.02. The company has a 50-day moving average price of $13.25 and a 200-day moving average price of $11.86. HomeStreet, Inc. has a 1 year low of $8.41 and a 1 year high of $16.10. The stock has a market capitalization of $262.33 million, a P/E ratio of -1.87 and a beta of 1.40.

HomeStreet (NASDAQ:HMST) last issued 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). The business had revenue of $48.97 million for the quarter, compared to the consensus estimate of $49.96 million. HomeStreet had a negative return on equity of 3.92% and a negative net margin of 42.54%. On average, equities research analysts forecast that HomeStreet, Inc. will post 0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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