Rhumbline Advisers Sells 1,996 Shares of HomeStreet, Inc. $HMST

Rhumbline Advisers decreased its holdings in HomeStreet, Inc. (NASDAQ:HMST) by 6.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,232 shares of the financial services provider’s stock after selling 1,996 shares during the quarter. Rhumbline Advisers owned approximately 0.14% of HomeStreet worth $320,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its stake in HomeStreet by 1,067.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 21,627 shares of the financial services provider’s stock worth $247,000 after buying an additional 19,775 shares during the period. Emerald Mutual Fund Advisers Trust bought a new position in shares of HomeStreet in the 1st quarter valued at about $300,000. Janney Montgomery Scott LLC bought a new position in shares of HomeStreet in the 1st quarter valued at about $135,000. Bank of America Corp DE grew its holdings in HomeStreet by 15.3% during the fourth quarter. Bank of America Corp DE now owns 19,934 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 2,643 shares during the period. Finally, Gator Capital Management LLC bought a new position in HomeStreet during the first quarter worth about $2,219,000. Institutional investors and hedge funds own 74.71% of the company’s stock.

HomeStreet Trading Up 1.8%

HomeStreet stock opened at $13.87 on Thursday. HomeStreet, Inc. has a 52 week low of $8.41 and a 52 week 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. The stock has a 50-day simple moving average of $13.50 and a 200 day simple moving average of $12.29. 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 (NASDAQ:HMST) last issued its quarterly earnings data 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). The firm 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%. Analysts expect that HomeStreet, Inc. will post 0.3 earnings per share for the current year.

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.