Barclays PLC Increases Stock Holdings in HomeStreet, Inc. (NASDAQ:HMST)

Barclays PLC raised its holdings in HomeStreet, Inc. (NASDAQ:HMST) by 276.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,937 shares of the financial services provider’s stock after buying an additional 17,578 shares during the quarter. Barclays PLC owned about 0.13% of HomeStreet worth $377,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HMST. Bank of New York Mellon Corp raised its position in shares of HomeStreet by 4.6% in 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 during the last quarter. Dimensional Fund Advisors LP increased its stake in HomeStreet by 4.7% during 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 in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of HomeStreet by 23.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock worth $164,000 after buying an additional 2,703 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of HomeStreet during the second quarter worth $122,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of HomeStreet during the second quarter valued at $410,000. Institutional investors and hedge funds own 74.71% of the company’s stock.

HomeStreet Price Performance

NASDAQ:HMST opened at $10.84 on Friday. The firm’s fifty day moving average is $11.17 and its two-hundred day moving average is $13.06. The firm has a market cap of $204.44 million, a price-to-earnings ratio of -8.34 and a beta of 1.48. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.15 and a current ratio of 1.15. HomeStreet, Inc. has a one year low of $8.09 and a one year high of $16.10.

Insider Activity at HomeStreet

In other news, CFO John Michel sold 8,000 shares of HomeStreet stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joanne R. Harrell purchased 2,146 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average cost of $11.65 per share, for a total transaction of $25,000.90. Following the completion of the acquisition, the director now directly owns 17,053 shares of the company’s stock, valued at $198,667.45. This represents a 14.40 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 17,846 shares of company stock worth $203,697. 4.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

HMST has been the subject of a number of research analyst reports. Janney Montgomery Scott lowered HomeStreet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. StockNews.com began coverage on HomeStreet in a research note on Sunday, September 22nd. They issued a “sell” rating for the company. Finally, Wedbush upped their target price on HomeStreet from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th.

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.