HomeStreet Inc (NASDAQ:HMST) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 671,300 shares, a decrease of 16.1% from the May 30th total of 800,500 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average trading volume of 154,300 shares, the days-to-cover ratio is presently 4.4 days.

In other news, Director Sandra A. Cavanaugh bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average cost of $28.67 per share, for a total transaction of $143,350.00. Following the completion of the purchase, the director now owns 6,107 shares of the company’s stock, valued at approximately $175,087.69. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Amen Darrell Van bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was purchased at an average price of $30.75 per share, with a total value of $61,500.00. Following the completion of the purchase, the executive vice president now directly owns 38,858 shares of the company’s stock, valued at approximately $1,194,883.50. The disclosure for this purchase can be found here. Insiders bought 9,000 shares of company stock valued at $261,590 over the last three months. 1.64% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in HMST. Nisa Investment Advisors LLC acquired a new stake in HomeStreet in the 2nd quarter valued at approximately $273,000. Marshall Wace North America L.P. acquired a new stake in HomeStreet in the 1st quarter valued at approximately $476,000. Marshall Wace LLP raised its position in HomeStreet by 2,910.8% in the 1st quarter. Marshall Wace LLP now owns 91,499 shares of the financial services provider’s stock valued at $2,411,000 after buying an additional 88,460 shares during the last quarter. Kennedy Capital Management Inc. raised its position in HomeStreet by 18.0% in the 1st quarter. Kennedy Capital Management Inc. now owns 374,816 shares of the financial services provider’s stock valued at $9,876,000 after buying an additional 57,117 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its position in shares of HomeStreet by 7.2% during the 1st quarter. Coldstream Capital Management Inc. now owns 16,470 shares of the financial services provider’s stock worth $434,000 after purchasing an additional 1,102 shares during the last quarter. Institutional investors own 81.63% of the company’s stock.

A number of research analysts recently commented on HMST shares. TheStreet lowered UDR from a “b” rating to a “c” rating in a research note on Tuesday, April 30th. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research upgraded HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a research note on Thursday, June 6th. DA Davidson initiated coverage on Business First Bancshares in a research note on Wednesday. They set a “neutral” rating and a $28.00 price objective for the company. Finally, FIG Partners reiterated a “market-perform” rating on shares of Berkshire Hills Bancorp in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $31.88.

HomeStreet stock traded up $0.05 during mid-day trading on Friday, hitting $29.30. 212,169 shares of the company were exchanged, compared to its average volume of 170,914. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.03 and a quick ratio of 1.02. The business has a fifty day moving average of $29.68. HomeStreet has a 1-year low of $20.50 and a 1-year high of $31.96. The company has a market capitalization of $793.67 million, a P/E ratio of 19.80, a PEG ratio of 2.43 and a beta of 0.67.

HomeStreet (NASDAQ:HMST) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.05). The company had revenue of $55.65 million for the quarter, compared to analyst estimates of $102.33 million. HomeStreet had a return on equity of 5.87% and a net margin of 7.02%. During the same quarter in the prior year, the company earned $0.21 earnings per share. Research analysts anticipate that HomeStreet will post 1.73 earnings per share for the current year.

HomeStreet Company Profile

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank, a state-chartered commercial bank that provides commercial and consumer banking services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking.

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