SG Americas Securities LLC Invests $129,000 in HomeStreet, Inc. (NASDAQ:HMST)

SG Americas Securities LLC acquired a new position in shares of HomeStreet, Inc. (NASDAQ:HMST) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 12,485 shares of the financial services provider’s stock, valued at approximately $129,000. SG Americas Securities LLC owned about 0.07% of HomeStreet as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisor Group Holdings Inc. increased its holdings in HomeStreet by 10.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,390 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 309 shares in the last quarter. MetLife Investment Management LLC increased its holdings in HomeStreet by 57.7% in the 1st quarter. MetLife Investment Management LLC now owns 10,984 shares of the financial services provider’s stock valued at $520,000 after purchasing an additional 4,021 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in HomeStreet by 12.0% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,315 shares of the financial services provider’s stock valued at $820,000 after purchasing an additional 1,859 shares in the last quarter. Yousif Capital Management LLC increased its holdings in HomeStreet by 1.3% in the 1st quarter. Yousif Capital Management LLC now owns 21,415 shares of the financial services provider’s stock valued at $1,015,000 after purchasing an additional 270 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in HomeStreet by 19.4% in the 1st quarter. Federated Hermes Inc. now owns 298,771 shares of the financial services provider’s stock valued at $14,156,000 after purchasing an additional 48,460 shares in the last quarter. 74.71% of the stock is currently owned by institutional investors and hedge funds.

HomeStreet Stock Performance

NASDAQ:HMST opened at $12.33 on Thursday. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.11 and a quick ratio of 1.10. The firm has a 50-day moving average of $14.10 and a two-hundred day moving average of $10.59. The stock has a market cap of $232.54 million, a P/E ratio of -8.45 and a beta of 1.32. HomeStreet, Inc. has a 1-year low of $4.20 and a 1-year high of $18.43.

HomeStreet (NASDAQ:HMST) last issued its quarterly earnings results on Monday, January 29th. The financial services provider reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.15). HomeStreet had a positive return on equity of 1.55% and a negative net margin of 6.23%. The company had revenue of $45.95 million for the quarter, compared to the consensus estimate of $49.73 million. On average, research analysts expect that HomeStreet, Inc. will post 0.19 earnings per share for the current fiscal year.

Insider Transactions at HomeStreet

In related news, Director Joanne R. Harrell purchased 1,685 shares of HomeStreet stock in a transaction dated Friday, March 15th. The shares were acquired at an average price of $14.87 per share, with a total value of $25,055.95. Following the completion of the transaction, the director now owns 14,907 shares of the company’s stock, valued at approximately $221,667.09. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 4.60% of the company’s stock.

Analyst Ratings Changes

HMST has been the subject of several recent research reports. Wedbush increased their price target on HomeStreet from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Keefe, Bruyette & Woods upped their price objective on shares of HomeStreet from $11.00 to $15.50 and gave the company a “market perform” rating in a research report on Wednesday, January 17th. Finally, StockNews.com assumed coverage on shares of HomeStreet in a research report on Monday. They issued a “sell” rating for the company. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.17.

HomeStreet Company 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.