Barclays PLC Grows Position in HomeStreet, Inc. (NASDAQ:HMST)

Barclays PLC lifted its position in HomeStreet, Inc. (NASDAQ:HMST) by 276.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 23,937 shares of the financial services provider’s stock after purchasing an additional 17,578 shares during the period. Barclays PLC owned about 0.13% of HomeStreet worth $377,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HMST. State Street Corp grew its holdings in HomeStreet by 0.3% in the 3rd quarter. State Street Corp now owns 422,031 shares of the financial services provider’s stock worth $6,651,000 after acquiring an additional 1,083 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of HomeStreet by 23.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 2,703 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of HomeStreet by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 70,950 shares of the financial services provider’s stock worth $809,000 after purchasing an additional 3,113 shares during the period. Jane Street Group LLC grew 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. Finally, Squarepoint Ops LLC purchased a new position in HomeStreet during the 2nd quarter valued at about $122,000. 74.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at HomeStreet

In other HomeStreet news, Director Sidney Craig Tompkins purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost of $11.49 per share, for a total transaction of $57,450.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at $57,450. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joanne R. Harrell acquired 2,146 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were acquired at an average cost of $11.65 per share, for a total transaction of $25,000.90. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 17,846 shares of company stock worth $203,697 over the last ninety days. 4.60% of the stock is owned by corporate insiders.

HomeStreet Stock Performance

HomeStreet stock opened at $10.80 on Friday. HomeStreet, Inc. has a fifty-two week low of $8.09 and a fifty-two week high of $16.10. The stock’s 50 day simple moving average is $11.26 and its two-hundred day simple moving average is $13.09. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market cap of $203.69 million, a price-to-earnings ratio of -8.31 and a beta of 1.49.

Analyst Upgrades and Downgrades

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

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.