Squarepoint Ops LLC Raises Stake in HomeStreet Inc (NASDAQ:HMST)

Squarepoint Ops LLC grew its stake in shares of HomeStreet Inc (NASDAQ:HMST) by 299.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,116 shares of the financial services provider’s stock after purchasing an additional 46,564 shares during the period. Squarepoint Ops LLC owned approximately 0.25% of HomeStreet worth $1,697,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. increased its stake in HomeStreet by 14.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,197,765 shares of the financial services provider’s stock valued at $65,132,000 after purchasing an additional 270,958 shares in the last quarter. Renaissance Technologies LLC grew its holdings in HomeStreet by 143.0% in the second quarter. Renaissance Technologies LLC now owns 252,500 shares of the financial services provider’s stock valued at $7,484,000 after purchasing an additional 148,600 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in HomeStreet in the second quarter valued at $4,310,000. Boston Partners increased its position in shares of HomeStreet by 13.4% in the second quarter. Boston Partners now owns 1,149,315 shares of the financial services provider’s stock valued at $34,066,000 after buying an additional 135,999 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of HomeStreet by 71.4% in the second quarter. Wells Fargo & Company MN now owns 316,659 shares of the financial services provider’s stock valued at $9,385,000 after buying an additional 131,866 shares in the last quarter. 82.65% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:HMST opened at $32.52 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.89 and a current ratio of 0.91. The business’s fifty day moving average price is $31.24 and its two-hundred day moving average price is $28.94. The stock has a market cap of $796.52 million, a PE ratio of 24.91 and a beta of 0.71. HomeStreet Inc has a one year low of $20.50 and a one year high of $35.44.

HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Monday, October 21st. The financial services provider reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.21. The company had revenue of $71.71 million during the quarter, compared to analysts’ expectations of $67.04 million. HomeStreet had a return on equity of 4.88% and a net margin of 5.66%. During the same period in the previous year, the firm posted $0.45 earnings per share. As a group, equities research analysts predict that HomeStreet Inc will post 1.48 earnings per share for the current fiscal year.

HMST has been the subject of several research reports. BidaskClub raised HomeStreet from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Zacks Investment Research raised shares of HomeStreet from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. ValuEngine downgraded shares of HomeStreet from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. TheStreet upgraded shares of HomeStreet from a “c+” rating to a “b” rating in a research report on Thursday, November 7th. Finally, DA Davidson upgraded shares of HomeStreet from an “underperform” rating to a “neutral” rating and set a $27.00 target price for the company in a research report on Friday, August 16th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $31.50.

In related news, Director Victor H. Indiek sold 3,272 shares of HomeStreet stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $31.28, for a total transaction of $102,348.16. Following the completion of the sale, the director now owns 5,693 shares in the company, valued at approximately $178,077.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.64% of the stock is owned by company insiders.

HomeStreet Profile

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank, a state-chartered commercial bank that provides commercial and consumer banking services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking.

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Institutional Ownership by Quarter for HomeStreet (NASDAQ:HMST)

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