5 Worst Performing Growth Stocks in 2023

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1. HomeStreet, Inc. (NASDAQ:HMST)

Share Price Drop In 2023: 66.48%

Price to Earnings Ratio: 72.46

HomeStreet, Inc. (NASDAQ:HMST) is an American regional bank headquartered in Seattle, Washington. A significant share price drop this year has led to 16% of its float being short. The bank also missed its second quarter analyst EPS estimates by a wide margin as it posted a loss instead of an expected profit.

As of June 2023, 16 hedge funds part of Insider Monkey’s survey had bought the bank’s shares. D. E. Shaw’s D E Shaw is the biggest investor among these through its $2.7 million stake.

Follow Homestreet Inc. (NASDAQ:HMST)

Disclosure: None.  You can also take a look at 12 Best NASDAQ ETFs and 10 Best Dividend Stocks to Buy According to Noam Gottesman’s GLG Partners.

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