State Street Corp Acquires 1,083 Shares of HomeStreet, Inc. (NASDAQ:HMST)

State Street Corp increased its holdings in HomeStreet, Inc. (NASDAQ:HMST) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 422,031 shares of the financial services provider’s stock after purchasing an additional 1,083 shares during the quarter. State Street Corp owned approximately 2.24% of HomeStreet worth $6,651,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HMST. Philadelphia Financial Management of San Francisco LLC grew its position in shares of 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 buying an additional 68,855 shares during the last quarter. Endeavour Capital Advisors Inc. boosted its holdings in HomeStreet by 113.6% in the second quarter. Endeavour Capital Advisors Inc. now owns 706,253 shares of the financial services provider’s stock valued at $8,051,000 after acquiring an additional 375,581 shares during the last quarter. Dimensional Fund Advisors LP increased its position 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 during the period. Mendon Capital Advisors Corp increased its position in HomeStreet by 21.0% during the 2nd quarter. Mendon Capital Advisors Corp now owns 363,000 shares of the financial services provider’s stock valued at $4,138,000 after purchasing an additional 63,000 shares during the period. Finally, Stieven Capital Advisors L.P. bought a new position in HomeStreet during the 3rd quarter worth approximately $5,358,000. 74.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Sidney Craig Tompkins acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were bought at an average price of $11.49 per share, with a total value of $57,450.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $57,450. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joanne R. Harrell bought 2,146 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average cost of $11.65 per share, with a total value of $25,000.90. Following the completion of the transaction, the director now directly owns 17,053 shares in the company, valued at $198,667.45. This represents a 14.40 % increase in their ownership of the stock. 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 currently owned by company insiders.

HomeStreet Stock Performance

Shares of HMST stock opened at $11.16 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.94. HomeStreet, Inc. has a 52 week low of $8.09 and a 52 week high of $16.10. The firm has a 50 day moving average of $11.58 and a 200-day moving average of $13.01. The company has a market cap of $210.46 million, a price-to-earnings ratio of -8.58 and a beta of 1.49.

Analyst Ratings Changes

Several research firms have recently weighed in on HMST. Janney Montgomery Scott cut shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Wedbush upped their price target 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. Finally, StockNews.com started coverage on HomeStreet in a research report on Sunday, September 22nd. They issued a “sell” rating for the company.

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.