Mendon Capital Advisors Corp Sells 100,000 Shares of HomeStreet, Inc. $HMST

Mendon Capital Advisors Corp trimmed its position in HomeStreet, Inc. (NASDAQ:HMST) by 33.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 200,000 shares of the financial services provider’s stock after selling 100,000 shares during the period. HomeStreet comprises approximately 1.2% of Mendon Capital Advisors Corp’s holdings, making the stock its 28th largest holding. Mendon Capital Advisors Corp owned about 1.06% of HomeStreet worth $2,348,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. State of Wyoming bought a new position in shares of HomeStreet in the 1st quarter valued at about $68,000. AlphaQuest LLC grew its holdings in shares of HomeStreet by 257.2% in the 1st quarter. AlphaQuest LLC now owns 7,080 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 5,098 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of HomeStreet in the 1st quarter valued at about $135,000. Squarepoint Ops LLC bought a new position in shares of HomeStreet in the 4th quarter valued at about $138,000. Finally, Deutsche Bank AG grew its holdings in shares of HomeStreet by 33.5% in the 4th quarter. Deutsche Bank AG now owns 12,175 shares of the financial services provider’s stock valued at $139,000 after acquiring an additional 3,055 shares in the last quarter. Institutional investors and hedge funds own 74.71% of the company’s stock.

HomeStreet Trading Up 1.8%

HomeStreet stock opened at $13.87 on Wednesday. HomeStreet, Inc. has a 52 week low of $8.41 and a 52 week high of $16.10. The company has a debt-to-equity ratio of 3.14, a quick ratio of 1.02 and a current ratio of 1.03. The stock has a market capitalization of $262.33 million, a P/E ratio of -1.87 and a beta of 1.40. The stock has a 50-day simple moving average of $13.37 and a 200 day simple moving average of $11.99.

HomeStreet (NASDAQ:HMST) last issued its quarterly earnings data on Monday, July 28th. The financial services provider reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.21). HomeStreet had a negative return on equity of 3.92% and a negative net margin of 42.54%.The company had revenue of $48.97 million for the quarter, compared to analyst estimates of $49.96 million. Analysts expect that HomeStreet, Inc. will post 0.3 earnings per share for the current year.

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.