HomeStreet Stock Loved By Fund Manager Matthew Lindenbaum

HomeStreet stock: Matthew Lindenbaum’s hedge fund, Basswood Capital, recently increased its stake in HomeStreet Inc (NASDAQ:HMST). The hedge fund added around 772,200 shares to its position in the company, a filing with the SEC showed. In this way, Basswood currently holds almost 896,500 shares of Homestreet, equivalent to 6.22% of the company, with the value of the position amounting to some $17.3 million.

HomeStreet Inc (NASDAQ:HMST)

Homestreet is a financial company with subsidiaries HomeStreet Bank and HomeStreet Capital Corporation. Homestreet Bank recently enlarged its operations in California by adding six new loan centers that will operate in Northern and Central California, a statement on the company’s website showed. Homestreet is also currently in the process of acquiring two other banks, Fortune Bank located in Seattle and Yakima, Washington-based, Yakima National Bank including its parent company YNB Financial Services Corp.. The value of the deals amounts to a combined $37.3 million.

Pentwater Capital Management, managed by Matthew Halbower, Steven Owsley’s Madison Street Partners and Israel Englander’s Millennium Management are also bullish on Homestreet stock.

Recommended Reading:

Is There Any Value in Bill Ackman’s Holdings?

2 Billionaire Interviews You Need To Watch

Should Investors Follow Carl Icahn Into This Auto Supplier?

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!