247,169 Shares in HomeStreet, Inc. (NASDAQ:HMST) Purchased by Kennedy Capital Management LLC

Kennedy Capital Management LLC purchased a new position in shares of HomeStreet, Inc. (NASDAQ:HMST) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 247,169 shares of the financial services provider’s stock, valued at approximately $3,720,000. Kennedy Capital Management LLC owned approximately 1.31% of HomeStreet as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in HomeStreet by 2,222.2% during the fourth quarter. CWM LLC now owns 3,553 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 3,400 shares in the last quarter. AJOVista LLC purchased a new position in HomeStreet during the fourth quarter worth about $38,000. Tower Research Capital LLC TRC raised its holdings in HomeStreet by 132.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,388 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 2,503 shares in the last quarter. SG Americas Securities LLC purchased a new position in HomeStreet during the fourth quarter worth about $129,000. Finally, Quest Partners LLC purchased a new position in HomeStreet during the fourth quarter worth about $151,000. 74.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HMST has been the subject of several analyst reports. Keefe, Bruyette & Woods increased their price target on shares of HomeStreet from $13.50 to $14.50 and gave the stock a “market perform” rating in a report on Tuesday. Janney Montgomery Scott upgraded shares of HomeStreet from a “neutral” rating to a “buy” rating and set a $13.50 target price on the stock in a research report on Thursday, June 20th. Finally, StockNews.com initiated coverage on shares of HomeStreet in a research report on Sunday. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, HomeStreet has a consensus rating of “Hold” and an average target price of $12.25.

HomeStreet Price Performance

HMST traded up $0.53 on Tuesday, hitting $14.40. 217,870 shares of the company were exchanged, compared to its average volume of 235,549. The business’s fifty day moving average is $10.88 and its 200 day moving average is $12.48. The firm has a market capitalization of $271.58 million, a P/E ratio of -6.51 and a beta of 1.38. HomeStreet, Inc. has a fifty-two week low of $4.20 and a fifty-two week high of $15.82. The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.17 and a current ratio of 1.17.

HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Monday, July 29th. The financial services provider reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.01. The business had revenue of $114.35 million for the quarter, compared to analyst estimates of $43.33 million. HomeStreet had a negative net margin of 8.97% and a negative return on equity of 0.43%. As a group, sell-side analysts anticipate that HomeStreet, Inc. will post -0.75 EPS 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.