Sei Investments Co. Purchases Shares of 11,489 HomeStreet, Inc. (NASDAQ:HMST)

Sei Investments Co. acquired a new position in shares of HomeStreet, Inc. (NASDAQ:HMST) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 11,489 shares of the financial services provider’s stock, valued at approximately $131,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HMST. Assetmark Inc. purchased a new position in shares of HomeStreet in the 4th quarter worth about $40,000. EMC Capital Management grew its holdings in shares of HomeStreet by 20.8% during the 4th quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 1,484 shares during the period. Proficio Capital Partners LLC acquired a new stake in HomeStreet during the 4th quarter worth approximately $214,000. JPMorgan Chase & Co. raised its holdings in HomeStreet by 113.0% in the third quarter. JPMorgan Chase & Co. now owns 23,814 shares of the financial services provider’s stock valued at $375,000 after buying an additional 12,632 shares during the period. Finally, Barclays PLC lifted its position in HomeStreet by 276.4% during the third quarter. Barclays PLC now owns 23,937 shares of the financial services provider’s stock valued at $377,000 after buying an additional 17,578 shares in the last quarter. 74.71% of the stock is currently owned by institutional investors and hedge funds.

HomeStreet Stock Performance

Shares of HMST stock opened at $10.57 on Friday. HomeStreet, Inc. has a 12-month low of $8.09 and a 12-month high of $16.10. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $199.99 million, a price-to-earnings ratio of -1.38 and a beta of 1.33. The business has a 50 day simple moving average of $10.03 and a 200 day simple moving average of $11.26.

HomeStreet (NASDAQ:HMST) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). HomeStreet had a negative net margin of 40.30% and a negative return on equity of 4.23%. On average, equities research analysts anticipate that HomeStreet, Inc. will post 0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HMST. Janney Montgomery Scott upgraded shares of HomeStreet from a “neutral” rating to a “buy” rating in a report on Tuesday, April 1st. Piper Sandler raised their price objective on HomeStreet from $10.00 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, April 1st. Finally, Wedbush upped their target price on HomeStreet from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, HomeStreet currently has an average rating of “Hold” and a consensus target price of $14.25.

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.