Mendon Capital Advisors Corp Has $4.14 Million Holdings in HomeStreet, Inc. (NASDAQ:HMST)

Mendon Capital Advisors Corp boosted its holdings in HomeStreet, Inc. (NASDAQ:HMST) by 21.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 363,000 shares of the financial services provider’s stock after buying an additional 63,000 shares during the period. HomeStreet makes up about 3.5% of Mendon Capital Advisors Corp’s investment portfolio, making the stock its 9th largest position. Mendon Capital Advisors Corp owned about 1.92% of HomeStreet worth $4,138,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Endeavour Capital Advisors Inc. increased its position in HomeStreet by 113.6% during the second quarter. Endeavour Capital Advisors Inc. now owns 706,253 shares of the financial services provider’s stock worth $8,051,000 after acquiring an additional 375,581 shares during the period. Kennedy Capital Management LLC bought a new position in shares of HomeStreet during the 1st quarter worth about $3,720,000. Hennessy Advisors Inc. acquired a new position in shares of HomeStreet during the fourth quarter valued at about $2,112,000. Caldwell Sutter Capital Inc. bought a new stake in shares of HomeStreet in the first quarter valued at about $903,000. Finally, CCG Wealth Management LLC grew its position in HomeStreet by 29.3% during the first quarter. CCG Wealth Management LLC now owns 229,781 shares of the financial services provider’s stock worth $3,458,000 after buying an additional 52,136 shares in the last quarter. 74.71% of the stock is currently owned by institutional investors and hedge funds.

HomeStreet Trading Down 1.6 %

HMST stock opened at $15.50 on Wednesday. HomeStreet, Inc. has a 1-year low of $4.20 and a 1-year high of $16.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 4.06. The business’s 50 day moving average is $14.84 and its 200-day moving average is $12.78. The firm has a market cap of $292.30 million, a P/E ratio of -7.28 and a beta of 1.37.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings results on Monday, July 29th. The financial services provider reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.01. The firm had revenue of $114.35 million for the quarter, compared to analysts’ expectations of $43.33 million. HomeStreet had a negative return on equity of 1.87% and a negative net margin of 3.30%. Equities analysts anticipate that HomeStreet, Inc. will post -0.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HMST has been the subject of several recent research reports. StockNews.com initiated coverage on HomeStreet in a report on Sunday, September 22nd. They issued a “sell” rating for the company. Keefe, Bruyette & Woods upped their target price on HomeStreet from $13.50 to $14.50 and gave the company a “market perform” rating in a research note on Tuesday, July 30th. Finally, Janney Montgomery Scott upgraded shares of HomeStreet from a “neutral” rating to a “buy” rating and set a $13.50 price target on the stock in a research note on Thursday, June 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, HomeStreet presently has a consensus rating of “Hold” and an average target price of $12.25.

Insider Buying and Selling

In other HomeStreet news, Director Paulette Lemon sold 2,401 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $15.59, for a total value of $37,431.59. Following the transaction, the director now directly owns 16,923 shares in the company, valued at $263,829.57. The transaction was disclosed in a document filed with the SEC, which is available through this link. 4.60% of the stock is currently owned by corporate insiders.

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.