Hennessy Advisors Inc. Sells 5,000 Shares of HomeStreet, Inc. (NASDAQ:HMST)

Hennessy Advisors Inc. lowered its holdings in shares of HomeStreet, Inc. (NASDAQ:HMST) by 2.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 200,000 shares of the financial services provider’s stock after selling 5,000 shares during the period. Hennessy Advisors Inc. owned about 1.06% of HomeStreet worth $3,010,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Acuitas Investments LLC grew its holdings in HomeStreet by 86.0% in the fourth quarter. Acuitas Investments LLC now owns 342,643 shares of the financial services provider’s stock worth $3,529,000 after purchasing an additional 158,455 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in HomeStreet by 27.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 586,929 shares of the financial services provider’s stock worth $6,045,000 after purchasing an additional 127,969 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in HomeStreet by 47.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 435,099 shares of the financial services provider’s stock worth $3,389,000 after purchasing an additional 140,357 shares during the period. Neuberger Berman Group LLC acquired a new stake in HomeStreet in the fourth quarter worth $170,000. Finally, Trexquant Investment LP grew its holdings in HomeStreet by 70.8% in the fourth quarter. Trexquant Investment LP now owns 167,420 shares of the financial services provider’s stock worth $1,724,000 after purchasing an additional 69,384 shares during the period. Institutional investors own 74.71% of the company’s stock.

HomeStreet Stock Performance

HMST stock traded up $0.15 during mid-day trading on Friday, hitting $11.21. The company had a trading volume of 108,914 shares, compared to its average volume of 249,526. The firm has a market cap of $211.42 million, a PE ratio of -5.19 and a beta of 1.33. The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.17 and a current ratio of 1.17. HomeStreet, Inc. has a 12 month low of $4.20 and a 12 month high of $15.82. The stock’s fifty day moving average price is $10.24 and its two-hundred day moving average price is $12.01.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.23). The company had revenue of $41.61 million during the quarter, compared to the consensus estimate of $48.07 million. HomeStreet had a negative return on equity of 0.43% and a negative net margin of 8.97%. On average, analysts forecast that HomeStreet, Inc. will post -0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on HMST shares. StockNews.com started coverage on shares of HomeStreet in a report on Wednesday. They set a “sell” rating for the company. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $13.50 price target on shares of HomeStreet in a research report on Tuesday, June 18th. Finally, Janney Montgomery Scott raised shares of HomeStreet from a “neutral” rating to a “buy” rating and set a $13.50 price target on the stock in a research report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.00.

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.