Dimensional Fund Advisors LP Buys 18,092 Shares of HomeStreet, Inc. (NASDAQ:HMST)

Dimensional Fund Advisors LP lifted its stake in shares of HomeStreet, Inc. (NASDAQ:HMST) by 2.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 631,996 shares of the financial services provider’s stock after buying an additional 18,092 shares during the quarter. Dimensional Fund Advisors LP’s holdings in HomeStreet were worth $7,217,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Trust Advisors LP bought a new position in HomeStreet in the 4th quarter valued at about $148,000. Fourthstone LLC bought a new stake in shares of HomeStreet during the fourth quarter worth approximately $2,033,000. Jump Financial LLC acquired a new position in shares of HomeStreet in the fourth quarter valued at approximately $219,000. XTX Topco Ltd bought a new position in shares of HomeStreet during the fourth quarter worth approximately $174,000. Finally, Barclays PLC increased its stake in shares of HomeStreet by 15.0% during the fourth quarter. Barclays PLC now owns 27,531 shares of the financial services provider’s stock worth $315,000 after purchasing an additional 3,594 shares during the period. Institutional investors own 74.71% of the company’s stock.

HomeStreet Trading Down 1.6%

Shares of HMST stock opened at $12.00 on Monday. The stock has a market cap of $227.05 million, a P/E ratio of -1.57 and a beta of 1.34. HomeStreet, Inc. has a 1 year low of $8.09 and a 1 year high of $16.10. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.09. The stock has a 50 day simple moving average of $10.50 and a 200 day simple moving average of $10.71.

HomeStreet (NASDAQ:HMST) last released its earnings results on Monday, April 28th. The financial services provider reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The company had revenue of $85.77 million for the quarter, compared to the consensus estimate of $46.61 million. HomeStreet had a negative net margin of 40.30% and a negative return on equity of 4.23%. On average, research analysts predict that HomeStreet, Inc. will post 0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HMST. Piper Sandler boosted their price target on HomeStreet from $10.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, April 1st. Janney Montgomery Scott raised HomeStreet from a “neutral” rating to a “buy” rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods boosted their target price on shares of HomeStreet from $12.00 to $13.50 and gave the company a “market perform” rating in a research report on Wednesday, May 7th. Finally, StockNews.com raised shares of HomeStreet from a “sell” rating to a “hold” rating in a research report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $14.00.

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.