Jane Street Group LLC Has $639,000 Stock Position in HomeStreet, Inc. (NASDAQ:HMST)

Jane Street Group LLC raised its holdings in shares of HomeStreet, Inc. (NASDAQ:HMST) by 20.2% in the third quarter, Holdings Channel reports. The institutional investor owned 40,572 shares of the financial services provider’s stock after buying an additional 6,810 shares during the quarter. Jane Street Group LLC’s holdings in HomeStreet were worth $639,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Squarepoint Ops LLC bought a new stake in HomeStreet in the 2nd quarter valued at $122,000. Vanguard Personalized Indexing Management LLC boosted its holdings in HomeStreet by 23.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 2,703 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in HomeStreet in the 2nd quarter valued at $410,000. Quest Partners LLC boosted its holdings in HomeStreet by 2,941,900.0% in the 3rd quarter. Quest Partners LLC now owns 29,420 shares of the financial services provider’s stock valued at $464,000 after purchasing an additional 29,419 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in HomeStreet by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 70,950 shares of the financial services provider’s stock valued at $809,000 after purchasing an additional 3,113 shares during the period. 74.71% of the stock is owned by institutional investors.

HomeStreet Price Performance

NASDAQ:HMST opened at $10.80 on Friday. The company has a 50-day moving average of $11.26 and a 200-day moving average of $13.11. The company has a market capitalization of $203.67 million, a price-to-earnings ratio of -8.31 and a beta of 1.48. HomeStreet, Inc. has a 52 week low of $8.09 and a 52 week high of $16.10. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.15 and a current ratio of 1.15.

Analysts Set New Price Targets

A number of analysts have weighed in on HMST shares. StockNews.com began coverage on shares of HomeStreet in a report on Sunday, September 22nd. They issued a “sell” rating for the company. Janney Montgomery Scott downgraded shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Wedbush raised their price objective on shares of HomeStreet from $12.00 to $15.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th.

Insider Buying and Selling

In related news, CFO John Michel sold 8,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $11.26, for a total transaction of $90,080.00. Following the completion of the sale, the chief financial officer now owns 28,409 shares in the company, valued at $319,885.34. This trade represents a 21.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sidney Craig Tompkins bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average price of $11.49 per share, with a total value of $57,450.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $57,450. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 17,846 shares of company stock worth $203,697 in the last quarter. 4.60% of the stock is owned by corporate insiders.

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.