Millennium Management LLC Has $317,000 Holdings in HomeStreet, Inc. (NASDAQ:HMST)

Millennium Management LLC cut its holdings in HomeStreet, Inc. (NASDAQ:HMST) by 75.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 27,789 shares of the financial services provider’s stock after selling 85,046 shares during the quarter. Millennium Management LLC’s holdings in HomeStreet were worth $317,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in HomeStreet by 37.0% in the fourth quarter. Wellington Management Group LLP now owns 919,278 shares of the financial services provider’s stock valued at $10,498,000 after buying an additional 248,352 shares during the period. Ameriprise Financial Inc. lifted its stake in HomeStreet by 28.3% in the fourth quarter. Ameriprise Financial Inc. now owns 750,902 shares of the financial services provider’s stock valued at $8,575,000 after buying an additional 165,842 shares during the period. Dimensional Fund Advisors LP lifted its stake in HomeStreet by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 631,996 shares of the financial services provider’s stock valued at $7,217,000 after buying an additional 18,092 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in HomeStreet by 126.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 428,578 shares of the financial services provider’s stock valued at $4,894,000 after buying an additional 239,219 shares during the period. Finally, Acuitas Investments LLC lifted its stake in HomeStreet by 1.1% in the fourth quarter. Acuitas Investments LLC now owns 336,308 shares of the financial services provider’s stock valued at $3,841,000 after buying an additional 3,619 shares during the period. 74.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on HMST shares. 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. Keefe, Bruyette & Woods upped their target price on HomeStreet from $12.00 to $13.50 and gave the stock a “market perform” rating in a research report on Wednesday, May 7th. Janney Montgomery Scott raised HomeStreet from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 1st. Finally, Wall Street Zen raised HomeStreet from a “sell” rating to a “hold” rating in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $14.00.

HomeStreet Price Performance

Shares of NASDAQ:HMST opened at $12.88 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.09. HomeStreet, Inc. has a twelve month low of $8.09 and a twelve month high of $16.10. The stock’s 50 day moving average is $11.81 and its 200-day moving average is $10.92. The firm has a market capitalization of $243.70 million, a price-to-earnings ratio of -1.68 and a beta of 1.40.

HomeStreet (NASDAQ:HMST) last issued 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). HomeStreet had a negative return on equity of 4.23% and a negative net margin of 40.30%. The firm had revenue of $85.77 million for the quarter, compared to analyst estimates of $46.61 million. Sell-side analysts forecast that HomeStreet, Inc. will post 0.3 EPS for the current fiscal year.

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.