HomeStreet, Inc. (NASDAQ:HMST) Short Interest Update

HomeStreet, Inc. (NASDAQ:HMST) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 311,000 shares, a drop of 7.2% from the September 30th total of 335,000 shares. Approximately 1.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 97,500 shares, the short-interest ratio is currently 3.2 days.

HomeStreet Trading Down 0.1 %

Shares of HMST stock traded down $0.01 on Thursday, hitting $9.06. 231,848 shares of the company’s stock traded hands, compared to its average volume of 195,394. The stock has a market capitalization of $170.76 million, a price-to-earnings ratio of -4.34 and a beta of 1.37. The company’s fifty day simple moving average is $14.97 and its 200 day simple moving average is $12.83. HomeStreet has a one year low of $4.38 and a one year high of $16.10. The company has a debt-to-equity ratio of 4.06, a quick ratio of 1.14 and a current ratio of 1.14.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.12). HomeStreet had a negative net margin of 3.30% and a negative return on equity of 1.87%. The company had revenue of $39.68 million for the quarter, compared to the consensus estimate of $42.93 million. Equities analysts forecast that HomeStreet will post -0.87 EPS for the current year.

Insider Activity at HomeStreet

In other HomeStreet news, Director Paulette Lemon sold 2,401 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $15.59, for a total value of $37,431.59. Following the sale, the director now owns 16,923 shares of the company’s stock, valued at $263,829.57. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.60% of the stock is owned by corporate insiders.

Institutional Trading of HomeStreet

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EMC Capital Management increased its stake in shares of HomeStreet by 16.2% in the first quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock worth $130,000 after buying an additional 1,201 shares during the period. Squarepoint Ops LLC purchased a new position in shares of HomeStreet in the second quarter valued at about $122,000. Vanguard Personalized Indexing Management LLC increased its position in shares of HomeStreet by 23.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 2,703 shares during the period. Price T Rowe Associates Inc. MD raised 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 valued at $218,000 after acquiring an additional 1,354 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of HomeStreet during the second quarter worth about $410,000. Institutional investors own 74.71% of the company’s stock.

Analyst Ratings Changes

HMST has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of HomeStreet from $13.50 to $14.50 and gave the stock a “market perform” rating in a report on Tuesday, July 30th. StockNews.com assumed coverage on HomeStreet in a research note on Sunday, September 22nd. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, HomeStreet presently has an average rating of “Hold” and a consensus price target of $12.25.

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.