Los Angeles Capital Management & Equity Research Inc. lowered its holdings in shares of Flagstar Bancorp Inc (NYSE:FBC) by 3.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,089 shares of the savings and loans company’s stock after selling 3,660 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.18% of Flagstar Bancorp worth $3,587,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in FBC. US Bancorp DE raised its stake in shares of Flagstar Bancorp by 0.5% in the 2nd quarter. US Bancorp DE now owns 4,205 shares of the savings and loans company’s stock worth $130,000 after buying an additional 23 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Flagstar Bancorp by 105.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,281 shares of the savings and loans company’s stock worth $132,000 after acquiring an additional 2,193 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Flagstar Bancorp by 13.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,811 shares of the savings and loans company’s stock worth $148,000 after acquiring an additional 582 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Flagstar Bancorp by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 5,183 shares of the savings and loans company’s stock worth $159,000 after acquiring an additional 225 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Flagstar Bancorp by 17.6% during the second quarter. Victory Capital Management Inc. now owns 6,173 shares of the savings and loans company’s stock valued at $190,000 after buying an additional 926 shares in the last quarter. 97.55% of the stock is currently owned by hedge funds and other institutional investors.
FBC has been the topic of a number of research analyst reports. FBR & Co reiterated a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Flagstar Bancorp in a report on Wednesday, October 25th. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Thursday, October 26th. Raymond James Financial started coverage on Flagstar Bancorp in a research note on Thursday, August 31st. They issued an “outperform” rating and a $36.00 target price on the stock. Boenning Scattergood restated a “buy” rating on shares of Flagstar Bancorp in a research note on Thursday, October 26th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $35.00 target price on shares of Flagstar Bancorp in a research note on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. Flagstar Bancorp currently has a consensus rating of “Buy” and an average price target of $39.57.
In other news, COO Lee Matthew Smith sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $36.60, for a total value of $109,800.00. Following the sale, the chief operating officer now directly owns 70,254 shares in the company, valued at approximately $2,571,296.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 63.00% of the company’s stock.
Shares of Flagstar Bancorp Inc (NYSE FBC) traded up $0.17 during trading hours on Thursday, hitting $37.75. The company’s stock had a trading volume of 118,704 shares, compared to its average volume of 182,967. Flagstar Bancorp Inc has a 12 month low of $25.06 and a 12 month high of $38.79. The firm has a market capitalization of $2,160.00, a PE ratio of 16.06 and a beta of 1.05. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 4.04.
Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings data on Tuesday, October 24th. The savings and loans company reported $0.70 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 9.77% and a net margin of 14.56%. The firm’s revenue was up 28.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. equities analysts forecast that Flagstar Bancorp Inc will post 2.37 earnings per share for the current fiscal year.
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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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