Public Employees Retirement System of Ohio trimmed its position in shares of Flagstar Bancorp, Inc. (NYSE:FBC) by 19.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,450 shares of the savings and loans company’s stock after selling 16,877 shares during the quarter. Public Employees Retirement System of Ohio owned 0.12% of Flagstar Bancorp worth $2,171,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in FBC. Teachers Advisors LLC boosted its position in shares of Flagstar Bancorp by 1,159.3% during the first quarter. Teachers Advisors LLC now owns 392,776 shares of the savings and loans company’s stock worth $11,072,000 after purchasing an additional 361,586 shares in the last quarter. Federated Investors Inc. PA lifted its position in Flagstar Bancorp by 121.5% during the 2nd quarter. Federated Investors Inc. PA now owns 443,162 shares of the savings and loans company’s stock worth $13,658,000 after buying an additional 243,052 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Flagstar Bancorp by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,102,158 shares of the savings and loans company’s stock worth $95,609,000 after purchasing an additional 232,925 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Flagstar Bancorp by 54.2% during the 1st quarter. AQR Capital Management LLC now owns 442,062 shares of the savings and loans company’s stock worth $12,462,000 after purchasing an additional 155,355 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Flagstar Bancorp by 176.6% during the 1st quarter. Wellington Management Group LLP now owns 191,433 shares of the savings and loans company’s stock worth $5,397,000 after purchasing an additional 122,226 shares during the last quarter. 96.27% of the stock is currently owned by institutional investors.
A number of research analysts recently commented on FBC shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $40.00 price target on shares of Flagstar Bancorp in a research note on Thursday, October 19th. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Tuesday, September 26th. Raymond James Financial, Inc. started coverage on shares of Flagstar Bancorp in a research note on Thursday, August 31st. They issued an “outperform” rating and a $36.00 price target on the stock. Boenning Scattergood reiterated a “buy” rating on shares of Flagstar Bancorp in a research note on Thursday, October 26th. Finally, FBR & Co reissued an “outperform” rating and issued a $35.00 price objective (up previously from $32.00) on shares of Flagstar Bancorp in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. Flagstar Bancorp currently has an average rating of “Buy” and an average target price of $39.00.
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Shares of Flagstar Bancorp, Inc. (FBC) opened at $34.87 on Friday. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.78 and a current ratio of 1.36. The firm has a market cap of $1,993.94, a price-to-earnings ratio of 14.78 and a beta of 1.01. Flagstar Bancorp, Inc. has a 12-month low of $25.06 and a 12-month high of $38.26.
Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $103.00 million during the quarter, compared to analysts’ expectations of $100.80 million. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.77%. The business’s quarterly revenue was up 28.8% on a year-over-year basis. During the same period last year, the company posted $0.96 earnings per share. research analysts anticipate that Flagstar Bancorp, Inc. will post 2.38 EPS for the current year.
About Flagstar Bancorp
Flagstar Bancorp, Inc is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB. It operates through four segments: Community Banking, Mortgage Originations, Mortgage Servicing, and Other. Through Mortgage Originations segment, it originates, acquires and sells one- to four-family residential mortgage loans.
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