Shares last traded at $29.05 marginally over the 50 day moving average of $27.52 and barely above the 200 day moving average of $26.91. The 50 day moving average went up by +5.57% and the 200 day average went up $2.14 or +7.97%. Trading volume for HomeStreet, Inc. was 174K on Tuesday. Volume was down 16.26% under the stocks average daily volume.
Traders are more bullish on shares of the company of late if you evaluate the motion in short interest. The company had a fall in short interest of -31.00% as of the latest report on October 13, 2017. Short shares decreased from 1,483,438 to 1,023,520 over that period. With short interest at 1,023,520 and short average daily volume at 194,652, days to cover is 5.0 and the percentage of shorted shares is 0.04% as of October 13.
Here are a few substantial investment firms who have updated their positions. As of quarter end First Trust Advisors Lp had sold 11,370 shares trimming its position 16.8%. The value of the company’s investment in HomeStreet, Inc. decreased from $1,870,000 to $1,517,000 a change of $353,000 since the last quarter. Victory Capital Management Inc bolstered its stake by buying 138,154 shares an increase of 17.0%. Victory Capital Management Inc owns 950,244 shares valued at $25,657,000. The total value of its holdings increased 14.2%.
Parkside Financial Bank & Trust trimmed its holdings by shedding 10 shares a decrease of 45.5% in the quarter. Parkside Financial Bank & Trust claims 12 shares with a value of $0. The value of the position overall is down by 100.0%. Aperio Group, LLC reduced its ownership by selling 1,259 shares a decrease of 13.2% from 06/30/2017 to 09/30/2017. Aperio Group, LLC controls 8,245 shares worth $223,000. The value of the position overall is down by 15.2%.
The company currently has a P/E ratio of 15.10 and market cap is 780.98M. In the last earnings report the EPS was $1.92 and is projected to be $1.65 for the current year with 26,884,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.45 with next year’s EPS anticipated to be $2.13.
HomeStreet, Inc., launched on August 18, 1921, 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 Business’s operating segments include Commercial and Consumer Banking, and Mortgage Banking. The Business’s subsidiaries include HomeStreet Bank (the Bank) and HomeStreet Capital Corporation. The Bank is a savings bank that provides mortgage and commercial loans, deposit products and services, non-deposit investment products, private banking and cash management services. Doing business as HomeStreet Insurance Agency, the Company provides insurance products and services for consumers and businesses..