Caldwell Sutter Capital Inc. Invests $903,000 in HomeStreet, Inc. (NASDAQ:HMST)

Caldwell Sutter Capital Inc. acquired a new position in HomeStreet, Inc. (NASDAQ:HMST) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 60,000 shares of the financial services provider’s stock, valued at approximately $903,000. Caldwell Sutter Capital Inc. owned 0.32% of HomeStreet as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HMST. PNC Financial Services Group Inc. grew its position in shares of HomeStreet by 167.2% during the third quarter. PNC Financial Services Group Inc. now owns 3,284 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 2,055 shares in the last quarter. Federated Hermes Inc. grew its position in shares of HomeStreet by 49.6% during the third quarter. Federated Hermes Inc. now owns 33,802 shares of the financial services provider’s stock worth $263,000 after purchasing an additional 11,213 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of HomeStreet during the third quarter worth about $478,000. Jacobs Levy Equity Management Inc. grew its position in shares of HomeStreet by 47.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 435,099 shares of the financial services provider’s stock worth $3,389,000 after purchasing an additional 140,357 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in HomeStreet during the 4th quarter valued at approximately $129,000. Institutional investors own 74.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HMST shares. Janney Montgomery Scott raised HomeStreet from a “neutral” rating to a “buy” rating and set a $13.50 price objective on the stock in a research note on Thursday, June 20th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $13.50 price objective on shares of HomeStreet in a research note on Tuesday, June 18th. Finally, StockNews.com assumed coverage on HomeStreet in a research report on Wednesday, June 26th. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.00.

HomeStreet Trading Down 2.0 %

Shares of NASDAQ HMST traded down $0.23 during trading hours on Wednesday, hitting $11.12. 182,349 shares of the company traded hands, compared to its average volume of 250,083. The stock has a market capitalization of $209.72 million, a price-to-earnings ratio of -5.33 and a beta of 1.38. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 4.40. The company’s 50 day moving average price is $10.15 and its 200 day moving average price is $12.11. HomeStreet, Inc. has a 12 month low of $4.20 and a 12 month high of $15.82.

HomeStreet (NASDAQ:HMST) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.23). HomeStreet had a negative net margin of 8.97% and a negative return on equity of 0.43%. The business had revenue of $41.61 million for the quarter, compared to analysts’ expectations of $48.07 million. On average, equities research analysts anticipate that HomeStreet, Inc. will post -0.75 earnings per share for the current fiscal year.

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.