18,740 Shares in HomeStreet, Inc. (NASDAQ:HMST) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in shares of HomeStreet, Inc. (NASDAQ:HMST) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 18,740 shares of the financial services provider’s stock, valued at approximately $214,000.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of 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 buying an additional 1,083 shares during the last quarter. EMC Capital Management lifted its holdings in HomeStreet by 20.8% in the fourth quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock valued at $98,000 after acquiring an additional 1,484 shares during the period. Acuitas Investments LLC lifted its holdings in HomeStreet by 1.1% in the fourth quarter. Acuitas Investments LLC now owns 336,308 shares of the financial services provider’s stock valued at $3,841,000 after acquiring an additional 3,619 shares during the period. Jane Street Group LLC boosted its position in 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, Geode Capital Management LLC grew its stake in shares of HomeStreet by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 426,130 shares of the financial services provider’s stock valued at $6,717,000 after purchasing an additional 7,898 shares during the period. 74.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wedbush increased their price objective on shares of HomeStreet from $12.00 to $15.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th.

Insider Activity at HomeStreet

In other news, Director Sidney Craig Tompkins bought 5,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price of $11.49 per share, for a total transaction of $57,450.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $57,450. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP David L. Parr sold 5,210 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $11.53, for a total transaction of $60,071.30. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by corporate insiders.

HomeStreet Trading Up 1.0 %

NASDAQ:HMST opened at $8.70 on Thursday. HomeStreet, Inc. has a one year low of $8.09 and a one year high of $16.10. The business has a fifty day moving average price of $10.14 and a 200-day moving average price of $12.09. The firm has a market capitalization of $164.06 million, a price-to-earnings ratio of -1.14 and a beta of 1.45. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.02 and a quick ratio of 1.02.

HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.05). HomeStreet had a negative net margin of 40.30% and a negative return on equity of 4.23%. Sell-side analysts forecast that HomeStreet, Inc. will post 0.3 EPS for the current year.

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.