Charles Schwab Investment Management Inc. Reduces Position in HomeStreet, Inc. (NASDAQ:HMST)

Charles Schwab Investment Management Inc. decreased its holdings in HomeStreet, Inc. (NASDAQ:HMST) by 31.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 282,150 shares of the financial services provider’s stock after selling 130,467 shares during the period. Charles Schwab Investment Management Inc.’s holdings in HomeStreet were worth $3,222,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp boosted its holdings in HomeStreet by 0.3% in the 3rd quarter. State Street Corp now owns 422,031 shares of the financial services provider’s stock worth $6,651,000 after buying an additional 1,083 shares during the period. EMC Capital Management lifted its position in shares of HomeStreet by 20.8% during the fourth quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 1,484 shares in the last quarter. Acuitas Investments LLC boosted its holdings in shares of HomeStreet by 1.1% in the fourth quarter. Acuitas Investments LLC now owns 336,308 shares of the financial services provider’s stock worth $3,841,000 after acquiring an additional 3,619 shares during the period. Jane Street Group LLC grew its position in shares of HomeStreet by 20.2% in the third quarter. Jane Street Group LLC now owns 40,572 shares of the financial services provider’s stock valued at $639,000 after purchasing an additional 6,810 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of HomeStreet by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 426,130 shares of the financial services provider’s stock valued at $6,717,000 after purchasing an additional 7,898 shares during the period. Institutional investors own 74.71% of the company’s stock.

HomeStreet Trading Up 2.3 %

Shares of HMST stock opened at $9.47 on Friday. The company has a market capitalization of $179.18 million, a PE ratio of -1.24 and a beta of 1.45. HomeStreet, Inc. has a 52-week low of $8.09 and a 52-week high of $16.10. The business’s fifty day moving average is $9.82 and its 200 day moving average is $11.61. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.02 and a current ratio of 1.02.

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

Analysts Set New Price Targets

Separately, Wedbush increased their price target on shares of HomeStreet from $12.00 to $15.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th.

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.