HomeStreet, Inc. (NASDAQ:HMST) was the target of a significant decrease in short interest in October. As of October 13th, there was short interest totalling 1,023,520 shares, a decrease of 31.0% from the September 29th total of 1,483,438 shares. Based on an average daily volume of 194,652 shares, the days-to-cover ratio is currently 5.3 days. Currently, 3.9% of the company’s stock are short sold.

A number of institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its position in HomeStreet by 17.0% during the 3rd quarter. Victory Capital Management Inc. now owns 950,244 shares of the financial services provider’s stock worth $25,657,000 after acquiring an additional 138,154 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in HomeStreet during the 3rd quarter worth approximately $233,000. California State Teachers Retirement System lifted its position in HomeStreet by 2.2% during the 2nd quarter. California State Teachers Retirement System now owns 51,359 shares of the financial services provider’s stock worth $1,421,000 after acquiring an additional 1,100 shares in the last quarter. State Street Corp lifted its position in HomeStreet by 10.0% during the 2nd quarter. State Street Corp now owns 604,858 shares of the financial services provider’s stock worth $16,742,000 after acquiring an additional 55,055 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in HomeStreet by 15.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 124,969 shares of the financial services provider’s stock worth $3,458,000 after acquiring an additional 17,114 shares in the last quarter. 83.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HomeStreet (NASDAQ HMST) opened at 29.55 on Friday. HomeStreet has a 1-year low of $24.00 and a 1-year high of $33.70. The company’s 50 day moving average is $27.01 and its 200-day moving average is $26.84. The stock has a market capitalization of $794.42 million, a price-to-earnings ratio of 15.36 and a beta of 0.06.

HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.41 by $0.10. The firm had revenue of $134.72 million for the quarter, compared to analyst estimates of $129.90 million. HomeStreet had a return on equity of 6.08% and a net margin of 6.68%. During the same period in the previous year, the company posted $1.12 EPS. Equities analysts anticipate that HomeStreet will post $1.62 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on HMST. FBR & Co reissued a “hold” rating and set a $30.00 price target on shares of HomeStreet in a research report on Wednesday. BidaskClub cut shares of HomeStreet from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $31.00 price target on shares of HomeStreet in a research report on Friday, July 14th. ValuEngine cut shares of HomeStreet from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research raised shares of HomeStreet from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. HomeStreet presently has a consensus rating of “Hold” and an average price target of $29.08.

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About HomeStreet

HomeStreet, Inc is a financial services company serving customers primarily in the western United States, including Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. The Company’s operating segments include Commercial and Consumer Banking, and Mortgage Banking.

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