JPMorgan Chase & Co. Has $375,000 Stock Position in HomeStreet, Inc. (NASDAQ:HMST)

JPMorgan Chase & Co. raised its stake in HomeStreet, Inc. (NASDAQ:HMST) by 113.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,814 shares of the financial services provider’s stock after acquiring an additional 12,632 shares during the quarter. JPMorgan Chase & Co.’s holdings in HomeStreet were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of HMST. Dimensional Fund Advisors LP raised its position in HomeStreet by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 640,296 shares of the financial services provider’s stock worth $7,299,000 after purchasing an additional 28,874 shares during the last quarter. Squarepoint Ops LLC acquired a new position in HomeStreet during the 2nd quarter valued at about $122,000. Mendon Capital Advisors Corp lifted its position in HomeStreet by 21.0% during 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 purchasing an additional 63,000 shares during the period. Stieven Capital Advisors L.P. acquired a new stake in shares of HomeStreet during the 3rd quarter worth approximately $5,358,000. Finally, Quest Partners LLC raised its stake in shares of HomeStreet by 2,941,900.0% during the third quarter. Quest Partners LLC now owns 29,420 shares of the financial services provider’s stock worth $464,000 after buying an additional 29,419 shares during the last quarter. 74.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at HomeStreet

In related news, EVP David L. Parr sold 5,210 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $11.53, for a total value of $60,071.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Godfrey B. Evans sold 4,636 shares of HomeStreet stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,846 shares of company stock worth $203,697 in the last three months. Insiders own 4.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wedbush raised their price objective on shares of HomeStreet from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Janney Montgomery Scott lowered HomeStreet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th.

HomeStreet Trading Down 4.1 %

HMST opened at $9.66 on Thursday. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.15 and a current ratio of 1.15. HomeStreet, Inc. has a twelve month low of $8.09 and a twelve month high of $16.10. The firm’s fifty day moving average is $11.00 and its two-hundred day moving average is $12.98. The firm has a market cap of $182.19 million, a PE ratio of -7.43 and a beta of 1.48.

HomeStreet (NASDAQ:HMST) last released its quarterly earnings data on Monday, January 27th. The financial services provider reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.05). HomeStreet had a negative net margin of 5.44% and a negative return on equity of 3.40%. Equities research analysts anticipate that HomeStreet, Inc. will post -1.09 EPS for the current 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.