HomeStreet, Inc. (NASDAQ:HMST) Shares Acquired by EMC Capital Management

EMC Capital Management increased its position in shares of HomeStreet, Inc. (NASDAQ:HMST) by 20.8% in the fourth quarter, HoldingsChannel reports. The firm owned 8,613 shares of the financial services provider’s stock after acquiring an additional 1,484 shares during the quarter. EMC Capital Management’s holdings in HomeStreet were worth $98,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in HomeStreet by 494.0% during the 3rd quarter. Wellington Management Group LLP now owns 670,926 shares of the financial services provider’s stock worth $10,574,000 after buying an additional 557,977 shares during the last quarter. Stieven Capital Advisors L.P. purchased a new position in shares of HomeStreet during the third quarter worth $5,358,000. Hotchkis & Wiley Capital Management LLC acquired a new position in HomeStreet during the third quarter valued at $2,633,000. Philadelphia Financial Management of San Francisco LLC lifted its position in HomeStreet by 4.6% during the third quarter. Philadelphia Financial Management of San Francisco LLC now owns 1,562,434 shares of the financial services provider’s stock valued at $24,624,000 after purchasing an additional 68,855 shares during the period. Finally, Quest Partners LLC boosted its holdings in HomeStreet by 2,941,900.0% in the third quarter. Quest Partners LLC now owns 29,420 shares of the financial services provider’s stock valued at $464,000 after purchasing an additional 29,419 shares during the last quarter. Hedge funds and other institutional investors own 74.71% of the company’s stock.

Insider Transactions at HomeStreet

In other HomeStreet news, Director Joanne R. Harrell purchased 2,146 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were purchased at an average cost of $11.65 per share, with a total value of $25,000.90. Following the completion of the purchase, the director now owns 17,053 shares in the company, valued at approximately $198,667.45. This represents a 14.40 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO John Michel sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $11.26, for a total transaction of $90,080.00. Following the completion of the transaction, the chief financial officer now directly owns 28,409 shares in the company, valued at $319,885.34. This trade represents a 21.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,846 shares of company stock valued at $203,697 in the last three months. 4.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HMST has been the subject of a number of recent research reports. Wedbush lifted their price objective on HomeStreet from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Janney Montgomery Scott cut HomeStreet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

HomeStreet Trading Down 1.4 %

Shares of HomeStreet stock opened at $10.07 on Friday. The firm has a 50-day simple moving average of $10.95 and a two-hundred day simple moving average of $12.94. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.15 and a current ratio of 1.02. HomeStreet, Inc. has a fifty-two week low of $8.09 and a fifty-two week high of $16.10. The company has a market cap of $189.92 million, a P/E ratio of -1.31 and a beta of 1.48.

HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). HomeStreet had a negative return on equity of 4.23% and a negative net margin of 40.30%. As a group, equities analysts predict that HomeStreet, Inc. will post 0.38 earnings per share for the current fiscal 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.