339,969 Shares in HomeStreet, Inc. (NASDAQ:HMST) Acquired by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. bought a new position in shares of HomeStreet, Inc. (NASDAQ:HMST) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 339,969 shares of the financial services provider’s stock, valued at approximately $5,358,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HMST. Endeavour Capital Advisors Inc. grew its holdings in HomeStreet by 113.6% during the 2nd quarter. Endeavour Capital Advisors Inc. now owns 706,253 shares of the financial services provider’s stock worth $8,051,000 after acquiring an additional 375,581 shares in the last quarter. Kennedy Capital Management LLC acquired a new position in HomeStreet during the 1st quarter worth approximately $3,720,000. Mendon Capital Advisors Corp boosted its holdings in shares of HomeStreet by 21.0% in the 2nd quarter. Mendon Capital Advisors Corp now owns 363,000 shares of the financial services provider’s stock valued at $4,138,000 after buying an additional 63,000 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of HomeStreet in the 2nd quarter valued at $410,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of HomeStreet by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 640,296 shares of the financial services provider’s stock valued at $7,299,000 after buying an additional 28,874 shares in the last quarter. Institutional investors and hedge funds own 74.71% of the company’s stock.

HomeStreet Trading Down 1.6 %

Shares of HomeStreet stock opened at $11.43 on Friday. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.14 and a current ratio of 1.15. HomeStreet, Inc. has a one year low of $5.98 and a one year high of $16.10. The firm has a fifty day moving average of $13.82 and a two-hundred day moving average of $12.68.

Insider Activity at HomeStreet

In related news, Director Paulette Lemon sold 2,401 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $15.59, for a total value of $37,431.59. Following the completion of the sale, the director now owns 16,923 shares in the company, valued at $263,829.57. This trade represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Janney Montgomery Scott cut shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Wedbush upgraded shares of HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 price target for the company in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods increased their price target on shares of HomeStreet from $13.50 to $14.50 and gave the stock a “market perform” rating in a research note on Tuesday, July 30th. Finally, StockNews.com initiated coverage on shares of HomeStreet in a research note on Sunday, September 22nd. They set a “sell” rating for the company.

HomeStreet 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.