HomeStreet, Inc. (NASDAQ:HMST) Shares Sold by Stephens Inc. AR

Stephens Inc. AR lowered its position in shares of HomeStreet, Inc. (NASDAQ:HMST) by 62.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 15,000 shares of the financial services provider’s stock after selling 25,000 shares during the quarter. Stephens Inc. AR’s holdings in HomeStreet were worth $236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Endeavour Capital Advisors Inc. lifted its position in HomeStreet by 113.6% during the 2nd 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. Dimensional Fund Advisors LP lifted its holdings in shares of HomeStreet by 4.7% in 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 buying an additional 28,874 shares during the period. Mendon Capital Advisors Corp lifted its holdings in shares of HomeStreet by 21.0% in 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 buying an additional 63,000 shares during the period. Kennedy Capital Management LLC acquired a new position in shares of HomeStreet in the 1st quarter valued at about $3,720,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of HomeStreet by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 70,950 shares of the financial services provider’s stock valued at $809,000 after buying an additional 3,113 shares during the period. Institutional investors and hedge funds own 74.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Janney Montgomery Scott cut HomeStreet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price objective on HomeStreet from $13.50 to $14.50 and gave the company a “market perform” rating in a report on Tuesday, July 30th. Wedbush raised HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 price objective for the company in a report on Tuesday. Finally, StockNews.com began coverage on HomeStreet in a report on Sunday, September 22nd. They issued a “sell” rating for the company.

HomeStreet Price Performance

HMST stock opened at $11.07 on Friday. The company has a debt-to-equity ratio of 4.06, a current ratio of 1.14 and a quick ratio of 1.14. The business has a 50 day simple moving average of $14.21 and a 200-day simple moving average of $12.71. The firm has a market capitalization of $208.69 million, a PE ratio of -8.51 and a beta of 1.42. HomeStreet, Inc. has a 1 year low of $4.90 and a 1 year high of $16.10.

Insider Activity at HomeStreet

In related news, Director Paulette Lemon sold 2,401 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was 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 approximately $263,829.57. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.60% of the stock is currently owned by insiders.

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.