Hennessy Advisors Inc. Has $799,000 Stake in HomeStreet, Inc. (NASDAQ:HMST)

Hennessy Advisors Inc. reduced its stake in HomeStreet, Inc. (NASDAQ:HMST) by 41.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 70,000 shares of the financial services provider’s stock after selling 50,000 shares during the quarter. Hennessy Advisors Inc.’s holdings in HomeStreet were worth $799,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Squarepoint Ops LLC bought a new position in shares of HomeStreet in the second quarter valued at approximately $122,000. Vanguard Personalized Indexing Management LLC lifted its position in HomeStreet by 23.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 2,703 shares during the last quarter. JPMorgan Chase & Co. lifted its position in HomeStreet by 113.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,814 shares of the financial services provider’s stock worth $375,000 after acquiring an additional 12,632 shares during the last quarter. Barclays PLC boosted its holdings in HomeStreet by 276.4% during the third quarter. Barclays PLC now owns 23,937 shares of the financial services provider’s stock valued at $377,000 after acquiring an additional 17,578 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of HomeStreet in the second quarter valued at about $410,000. 74.71% of the stock is currently owned by institutional investors and hedge funds.

HomeStreet Stock Up 0.3 %

HMST stock opened at $10.84 on Friday. HomeStreet, Inc. has a twelve month low of $8.09 and a twelve month high of $16.10. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.94. The company has a market cap of $204.44 million, a PE ratio of -8.34 and a beta of 1.48. The business’s 50-day simple moving average is $11.17 and its 200 day simple moving average is $13.06.

Analyst Ratings Changes

HMST has been the subject of several recent analyst reports. Janney Montgomery Scott downgraded HomeStreet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. StockNews.com started coverage on HomeStreet in a research report on Sunday, September 22nd. They issued a “sell” rating for the company. Finally, Wedbush raised their price objective on shares of HomeStreet from $12.00 to $15.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th.

Insider Transactions at HomeStreet

In other HomeStreet news, Director Joanne R. Harrell purchased 2,146 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were purchased at an average price of $11.65 per share, for a total transaction of $25,000.90. Following the completion of the purchase, the director now directly owns 17,053 shares of the company’s stock, valued at approximately $198,667.45. This represents a 14.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Godfrey B. Evans sold 4,636 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $11.55, for a total transaction of $53,545.80. Following the completion of the sale, the executive vice president now directly owns 67,049 shares in the company, valued at $774,415.95. This trade represents a 6.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,846 shares of company stock valued at $203,697. 4.60% of the stock is owned by corporate insiders.

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.