Curi RMB Capital LLC Decreases Stock Position in HomeStreet, Inc. (NASDAQ:HMST)

Curi RMB Capital LLC decreased its holdings in shares of HomeStreet, Inc. (NASDAQ:HMST) by 17.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 300,000 shares of the financial services provider’s stock after selling 63,000 shares during the period. Curi RMB Capital LLC’s holdings in HomeStreet were worth $4,728,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. EMC Capital Management boosted its stake in HomeStreet by 16.2% in the 1st quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 1,201 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of HomeStreet in the second quarter worth $122,000. Vanguard Personalized Indexing Management LLC lifted its stake in shares of HomeStreet by 23.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock worth $164,000 after buying an additional 2,703 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of HomeStreet by 10.3% during 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 buying an additional 1,354 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of HomeStreet during the second quarter valued at $410,000. Institutional investors and hedge funds own 74.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HMST shares. Keefe, Bruyette & Woods raised their target price on HomeStreet from $13.50 to $14.50 and gave the stock a “market perform” rating in a research note on Tuesday, July 30th. Wedbush upgraded HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 price objective for the company in a research note on Tuesday, November 5th. Janney Montgomery Scott downgraded HomeStreet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, StockNews.com assumed coverage on shares of HomeStreet in a report on Sunday, September 22nd. They issued a “sell” rating on the stock.

HomeStreet Price Performance

NASDAQ:HMST opened at $11.62 on Friday. The firm’s fifty day moving average is $13.89 and its two-hundred day moving average is $12.68. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 3.94. HomeStreet, Inc. has a one year low of $5.98 and a one year high of $16.10.

Insider Activity

In other news, Director Paulette Lemon sold 2,401 shares of HomeStreet stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $15.59, for a total transaction of $37,431.59. Following the completion of the transaction, the director now directly owns 16,923 shares of the company’s stock, valued at $263,829.57. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.60% of the company’s stock.

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.