Proficio Capital Partners LLC Invests $214,000 in HomeStreet, Inc. (NASDAQ:HMST)

Proficio Capital Partners LLC purchased a new stake in shares of HomeStreet, Inc. (NASDAQ:HMST) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,740 shares of the financial services provider’s stock, valued at approximately $214,000. Proficio Capital Partners LLC owned 0.10% of HomeStreet as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HMST. Wellington Management Group LLP raised 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 during the last quarter. Barclays PLC grew its position in shares of HomeStreet by 276.4% during the 3rd quarter. Barclays PLC now owns 23,937 shares of the financial services provider’s stock worth $377,000 after buying an additional 17,578 shares during the period. Geode Capital Management LLC raised its stake in shares of HomeStreet by 1.9% during the third quarter. Geode Capital Management LLC now owns 426,130 shares of the financial services provider’s stock worth $6,717,000 after buying an additional 7,898 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in HomeStreet by 113.0% in the third quarter. JPMorgan Chase & Co. now owns 23,814 shares of the financial services provider’s stock valued at $375,000 after buying an additional 12,632 shares during the period. Finally, Jane Street Group LLC boosted its stake in HomeStreet by 20.2% in the third quarter. Jane Street Group LLC now owns 40,572 shares of the financial services provider’s stock valued at $639,000 after acquiring an additional 6,810 shares during the last quarter. Institutional investors own 74.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wedbush upped their target price on shares of HomeStreet from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th.

HomeStreet Price Performance

Shares of HMST opened at $9.47 on Friday. The stock has a market cap of $179.18 million, a P/E ratio of -1.24 and a beta of 1.45. HomeStreet, Inc. has a 1 year low of $8.09 and a 1 year high of $16.10. The stock’s 50-day moving average price is $9.82 and its two-hundred day moving average price is $11.61. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.09.

HomeStreet (NASDAQ:HMST) last announced 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 net margin of 40.30% and a negative return on equity of 4.23%. On average, equities analysts predict that HomeStreet, Inc. will post 0.3 earnings per share for the current year.

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.