Teton Advisors Inc. Has $130,000 Stock Holdings in HomeStreet, Inc. (NASDAQ:HMST)

Teton Advisors Inc. decreased its position in shares of HomeStreet, Inc. (NASDAQ:HMST) by 50.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,600 shares of the financial services provider’s stock after selling 13,000 shares during the period. Teton Advisors Inc.’s holdings in HomeStreet were worth $130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in shares of HomeStreet by 27.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 586,929 shares of the financial services provider’s stock worth $6,045,000 after acquiring an additional 127,969 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of HomeStreet by 47.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 435,099 shares of the financial services provider’s stock worth $3,389,000 after acquiring an additional 140,357 shares in the last quarter. Acuitas Investments LLC boosted its position in HomeStreet by 86.0% in the fourth quarter. Acuitas Investments LLC now owns 342,643 shares of the financial services provider’s stock valued at $3,529,000 after buying an additional 158,455 shares in the last quarter. Terrapin Asset Management LLC acquired a new stake in HomeStreet in the third quarter valued at approximately $1,926,000. Finally, Assenagon Asset Management S.A. boosted its position in HomeStreet by 1,460.5% in the third quarter. Assenagon Asset Management S.A. now owns 184,013 shares of the financial services provider’s stock valued at $1,433,000 after buying an additional 172,221 shares in the last quarter. Institutional investors and hedge funds own 74.71% of the company’s stock.

HomeStreet Trading Down 1.4 %

Shares of HMST stock traded down $0.15 during trading hours on Thursday, hitting $10.82. 184,264 shares of the company’s stock traded hands, compared to its average volume of 289,968. The stock’s 50 day simple moving average is $13.89 and its 200 day simple moving average is $10.96. The stock has a market cap of $204.07 million, a PE ratio of -5.08 and a beta of 1.35. HomeStreet, Inc. has a 12 month low of $4.20 and a 12 month high of $15.82. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 3.66.

HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Monday, January 29th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.15). The business had revenue of $45.95 million for the quarter, compared to the consensus estimate of $49.73 million. HomeStreet had a negative net margin of 8.97% and a negative return on equity of 0.43%. On average, sell-side analysts anticipate that HomeStreet, Inc. will post 0.19 EPS for the current year.

Insider Buying and Selling

In related news, Director Joanne R. Harrell purchased 1,685 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was purchased at an average cost of $14.87 per share, with a total value of $25,055.95. Following the completion of the purchase, the director now owns 14,907 shares in the company, valued at approximately $221,667.09. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HMST. Wedbush raised their target price on shares of HomeStreet from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods raised their target price on shares of HomeStreet from $11.00 to $15.50 and gave the company a “market perform” rating in a research report on Wednesday, January 17th. Finally, StockNews.com began coverage on shares of HomeStreet in a research report on Wednesday. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat.com, HomeStreet currently has an average rating of “Hold” and an average target price of $12.17.

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.