State of Wyoming Makes New Investment in HomeStreet, Inc. $HMST

State of Wyoming purchased a new position in shares of HomeStreet, Inc. (NASDAQ:HMST) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,754 shares of the financial services provider’s stock, valued at approximately $68,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaQuest LLC grew its position in HomeStreet by 257.2% during the 1st quarter. AlphaQuest LLC now owns 7,080 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 5,098 shares during the period. GAMMA Investing LLC grew its position in HomeStreet by 960.1% during the 1st quarter. GAMMA Investing LLC now owns 11,470 shares of the financial services provider’s stock worth $1,350,000 after purchasing an additional 10,388 shares during the period. Janney Montgomery Scott LLC acquired a new stake in HomeStreet during the 1st quarter worth about $135,000. Squarepoint Ops LLC acquired a new stake in HomeStreet during the 4th quarter worth about $138,000. Finally, Deutsche Bank AG grew its position in 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 period. 74.71% of the stock is owned by institutional investors and hedge funds.

HomeStreet Price Performance

Shares of HMST opened at $13.87 on Tuesday. The business’s 50-day moving average is $13.35 and its two-hundred day moving average is $11.97. The company has a market capitalization of $262.33 million, a P/E ratio of -1.87 and a beta of 1.40. The company has a debt-to-equity ratio of 3.14, a quick ratio of 1.02 and a current ratio of 1.03. HomeStreet, Inc. has a fifty-two week low of $8.41 and a fifty-two week high of $16.10.

HomeStreet (NASDAQ:HMST) last posted its 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 business had revenue of $48.97 million for the quarter, compared to analyst estimates of $49.96 million. Research analysts predict that HomeStreet, Inc. will post 0.3 earnings per share for the current 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.