Geode Capital Management LLC Purchases 7,898 Shares of HomeStreet, Inc. (NASDAQ:HMST)

Geode Capital Management LLC raised its position in HomeStreet, Inc. (NASDAQ:HMST) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 426,130 shares of the financial services provider’s stock after buying an additional 7,898 shares during the period. Geode Capital Management LLC owned 2.26% of HomeStreet worth $6,717,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HMST. Wellington Management Group LLP boosted its holdings in shares of HomeStreet by 494.0% in the 3rd quarter. Wellington Management Group LLP now owns 670,926 shares of the financial services provider’s stock worth $10,574,000 after acquiring an additional 557,977 shares in the last quarter. Dimensional Fund Advisors LP raised its position in HomeStreet by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 640,296 shares of the financial services provider’s stock valued at $7,299,000 after purchasing an additional 28,874 shares during the last quarter. Stieven Capital Advisors L.P. acquired a new position in HomeStreet in the third quarter worth $5,358,000. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of HomeStreet during the third quarter worth $2,633,000. Finally, Mendon Capital Advisors Corp increased its stake in shares of HomeStreet by 21.0% in the second quarter. Mendon Capital Advisors Corp now owns 363,000 shares of the financial services provider’s stock valued at $4,138,000 after buying an additional 63,000 shares in the last quarter. 74.71% of the stock is owned by institutional investors.

HomeStreet Trading Down 3.0 %

Shares of HMST opened at $10.80 on Friday. The stock’s fifty day simple moving average is $11.26 and its 200-day simple moving average is $13.09. The firm has a market capitalization of $203.69 million, a PE ratio of -8.31 and a beta of 1.49. HomeStreet, Inc. has a 12-month low of $8.09 and a 12-month high of $16.10. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.94.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Janney Montgomery Scott downgraded shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. StockNews.com assumed coverage on shares of HomeStreet in a research note on Sunday, September 22nd. They issued a “sell” rating for the company. Finally, Wedbush increased their price target on shares of HomeStreet from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th.

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.