Charles Schwab Investment Management Inc. Has $3.22 Million Stock Position in HomeStreet, Inc. (NASDAQ:HMST)

Charles Schwab Investment Management Inc. lessened its stake in shares of HomeStreet, Inc. (NASDAQ:HMST) by 31.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,150 shares of the financial services provider’s stock after selling 130,467 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.50% of HomeStreet worth $3,222,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of HomeStreet during the third quarter worth about $2,633,000. Philadelphia Financial Management of San Francisco LLC lifted its position in HomeStreet by 4.6% in the 3rd 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 acquiring an additional 68,855 shares in the last quarter. State Street Corp boosted its stake in HomeStreet by 0.3% during the 3rd quarter. State Street Corp now owns 422,031 shares of the financial services provider’s stock valued at $6,651,000 after purchasing an additional 1,083 shares during the last quarter. Wellington Management Group LLP increased its holdings 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 purchasing an additional 557,977 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of HomeStreet by 20.2% in the third quarter. Jane Street Group LLC now owns 40,572 shares of the financial services provider’s stock worth $639,000 after purchasing an additional 6,810 shares during the last quarter. 74.71% of the stock is currently owned by institutional investors and hedge funds.

HomeStreet Stock Up 2.3 %

HomeStreet stock opened at $9.47 on Friday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $179.18 million, a PE ratio of -1.24 and a beta of 1.45. HomeStreet, Inc. has a fifty-two week low of $8.09 and a fifty-two week high of $16.10. The firm’s 50-day simple moving average is $9.82 and its 200 day simple moving average is $11.61.

HomeStreet (NASDAQ:HMST) last issued its quarterly earnings results on Monday, January 27th. The financial services provider reported ($0.27) EPS 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%. Research analysts predict that HomeStreet, Inc. will post 0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wedbush lifted 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 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.