Tower Research Capital LLC TRC Increases Position in HomeStreet, Inc. (NASDAQ:HMST)

Tower Research Capital LLC TRC lifted its position in shares of HomeStreet, Inc. (NASDAQ:HMST) by 132.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,388 shares of the financial services provider’s stock after buying an additional 2,503 shares during the period. Tower Research Capital LLC TRC’s holdings in HomeStreet were worth $45,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Neuberger Berman Group LLC acquired a new position in HomeStreet during the fourth quarter worth approximately $170,000. Quest Partners LLC acquired a new position in HomeStreet during the fourth quarter worth approximately $151,000. Trexquant Investment LP increased its position in HomeStreet by 70.8% during the fourth quarter. Trexquant Investment LP now owns 167,420 shares of the financial services provider’s stock worth $1,724,000 after purchasing an additional 69,384 shares during the last quarter. BNP Paribas Financial Markets increased its position in HomeStreet by 33.1% during the fourth quarter. BNP Paribas Financial Markets now owns 53,585 shares of the financial services provider’s stock worth $552,000 after purchasing an additional 13,314 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in HomeStreet by 27.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 586,929 shares of the financial services provider’s stock worth $6,045,000 after purchasing an additional 127,969 shares during the last quarter. Hedge funds and other institutional investors own 74.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on HMST shares. Wedbush upped their price target on shares of HomeStreet from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods increased their price objective on shares of HomeStreet from $11.00 to $15.50 and gave the stock a “market perform” rating in a research report on Wednesday, January 17th. Finally, StockNews.com began coverage on shares of HomeStreet in a research report on Wednesday. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.17.

HomeStreet Trading Down 1.4 %

Shares of HomeStreet stock traded down $0.15 during trading hours on Thursday, hitting $10.82. The company’s stock had a trading volume of 184,264 shares, compared to its average volume of 289,968. HomeStreet, Inc. has a 1-year low of $4.20 and a 1-year high of $15.82. The business has a fifty day moving average of $13.89 and a 200 day moving average of $10.96. The company has a market capitalization of $204.07 million, a PE ratio of -5.15 and a beta of 1.35. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 3.66.

HomeStreet (NASDAQ:HMST) last released its quarterly earnings data on Monday, January 29th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.15). The business had revenue of $45.95 million during the quarter, compared to analyst estimates of $49.73 million. HomeStreet had a negative return on equity of 0.43% and a negative net margin of 8.97%. As a group, equities analysts forecast that HomeStreet, Inc. will post 0.19 EPS for the current year.

Insider Activity

In other news, Director Joanne R. Harrell bought 1,685 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was acquired at an average cost of $14.87 per share, for a total transaction of $25,055.95. Following the completion of the purchase, the director now owns 14,907 shares of the company’s stock, valued at $221,667.09. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 4.60% of the company’s stock.

HomeStreet 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.