Hotchkis & Wiley Capital Management LLC Takes Position in HomeStreet, Inc. (NASDAQ:HMST)

Hotchkis & Wiley Capital Management LLC purchased a new position in HomeStreet, Inc. (NASDAQ:HMST) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 167,100 shares of the financial services provider’s stock, valued at approximately $2,633,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Squarepoint Ops LLC purchased a new position in shares of HomeStreet during the 2nd quarter worth approximately $122,000. Vanguard Personalized Indexing Management LLC grew its stake in HomeStreet by 23.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 2,703 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in HomeStreet by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 1,354 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in HomeStreet in the second quarter worth $410,000. Finally, Quest Partners LLC lifted its position in 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 valued at $464,000 after buying an additional 29,419 shares during the period. 74.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO John Michel sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $11.26, for a total transaction of $90,080.00. Following the completion of the sale, the chief financial officer now owns 28,409 shares of the company’s stock, valued at $319,885.34. This trade represents a 21.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joanne R. Harrell acquired 2,146 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average price of $11.65 per share, with a total value of $25,000.90. Following the completion of the acquisition, the director now owns 17,053 shares in the company, valued at $198,667.45. The trade was a 14.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Janney Montgomery Scott lowered shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Wedbush raised shares of HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 target price for the company in a research note on Tuesday, November 5th. Finally, StockNews.com began coverage on HomeStreet in a research report on Sunday, September 22nd. They issued a “sell” rating on the stock.

HomeStreet Price Performance

HMST opened at $11.62 on Friday. The firm has a market cap of $219.15 million, a PE ratio of -8.94 and a beta of 1.49. The stock has a 50-day moving average price of $12.79 and a 200-day moving average price of $12.79. HomeStreet, Inc. has a 1 year low of $7.20 and a 1 year high of $16.10. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.15 and a quick ratio of 1.15.

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.