Dimensional Fund Advisors LP Buys 28,874 Shares of HomeStreet, Inc. (NASDAQ:HMST)

Dimensional Fund Advisors LP grew its position in shares of HomeStreet, Inc. (NASDAQ:HMST) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 640,296 shares of the financial services provider’s stock after purchasing an additional 28,874 shares during the quarter. Dimensional Fund Advisors LP owned about 3.40% of HomeStreet worth $7,299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HMST. Kennedy Capital Management LLC acquired a new stake in shares of HomeStreet during the first quarter worth $3,720,000. Caldwell Sutter Capital Inc. acquired a new stake in HomeStreet during the 1st quarter worth about $903,000. CCG Wealth Management LLC lifted its stake in shares of HomeStreet by 29.3% in the 1st quarter. CCG Wealth Management LLC now owns 229,781 shares of the financial services provider’s stock valued at $3,458,000 after purchasing an additional 52,136 shares during the period. Neuberger Berman Group LLC acquired a new position in shares of HomeStreet in the 4th quarter valued at about $170,000. Finally, Bank of New York Mellon Corp boosted its position in shares of HomeStreet by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 70,950 shares of the financial services provider’s stock valued at $809,000 after purchasing an additional 3,113 shares in the last quarter. Institutional investors and hedge funds own 74.71% of the company’s stock.

Analyst Upgrades and Downgrades

HMST has been the subject of a number of research analyst reports. StockNews.com started coverage on HomeStreet in a report on Sunday, September 22nd. They issued a “sell” rating for the company. Janney Montgomery Scott raised shares of HomeStreet from a “neutral” rating to a “buy” rating and set a $13.50 price target for the company in a research note on Thursday, June 20th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of HomeStreet from $13.50 to $14.50 and gave the stock a “market perform” rating in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.25.

HomeStreet Stock Performance

NASDAQ HMST opened at $15.03 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 4.06. The company has a fifty day simple moving average of $15.01 and a 200 day simple moving average of $12.80. HomeStreet, Inc. has a 12-month low of $4.20 and a 12-month high of $16.10. The company has a market cap of $283.44 million, a P/E ratio of -7.06 and a beta of 1.37.

HomeStreet (NASDAQ:HMST) last posted its earnings results on Monday, July 29th. The financial services provider reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.01. HomeStreet had a negative net margin of 3.30% and a negative return on equity of 1.87%. The company had revenue of $114.35 million during the quarter, compared to the consensus estimate of $43.33 million. Sell-side analysts predict that HomeStreet, Inc. will post -0.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Paulette Lemon sold 2,401 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $15.59, for a total value of $37,431.59. Following the transaction, the director now owns 16,923 shares in the company, valued at $263,829.57. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.60% of the company’s stock.

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.