Bank of America Corp DE raised its stake in Flagstar Bancorp, Inc. (NYSE:FBC) by 2.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 116,669 shares of the savings and loans company’s stock after buying an additional 3,079 shares during the period. Bank of America Corp DE owned about 0.20% of Flagstar Bancorp worth $3,289,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the company. US Bancorp DE boosted its stake in shares of Flagstar Bancorp by 130.5% in the first quarter. US Bancorp DE now owns 4,182 shares of the savings and loans company’s stock valued at $118,000 after buying an additional 2,368 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Flagstar Bancorp by 20.1% in the first quarter. Advisors Asset Management Inc. now owns 4,229 shares of the savings and loans company’s stock valued at $119,000 after buying an additional 707 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Flagstar Bancorp by 30.0% in the first quarter. Victory Capital Management Inc. now owns 5,247 shares of the savings and loans company’s stock valued at $148,000 after buying an additional 1,212 shares during the period. UBS Asset Management Americas Inc. acquired a new stake in shares of Flagstar Bancorp during the first quarter valued at about $203,000. Finally, Airain ltd acquired a new stake in shares of Flagstar Bancorp during the first quarter valued at about $303,000. 96.06% of the stock is currently owned by institutional investors.
Shares of Flagstar Bancorp, Inc. (NYSE:FBC) traded down 0.58% on Friday, hitting $32.42. 73,879 shares of the stock traded hands. Flagstar Bancorp, Inc. has a 12 month low of $25.06 and a 12 month high of $33.44. The firm’s 50 day moving average is $30.95 and its 200-day moving average is $28.89. The company has a market cap of $1.85 billion, a PE ratio of 12.43 and a beta of 0.87.
Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings results on Tuesday, July 25th. The savings and loans company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.09. Flagstar Bancorp had a return on equity of 10.29% and a net margin of 16.52%. The business had revenue of $97 million during the quarter, compared to analysts’ expectations of $87.95 million. During the same quarter last year, the business posted $0.66 earnings per share. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. Equities analysts predict that Flagstar Bancorp, Inc. will post $2.36 earnings per share for the current year.
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FBC has been the topic of several recent research reports. TheStreet raised shares of Flagstar Bancorp from a “c+” rating to a “b” rating in a research note on Wednesday, May 17th. ValuEngine raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Boenning Scattergood reaffirmed a “buy” rating on shares of Flagstar Bancorp in a research note on Tuesday, June 13th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $35.00 target price on shares of Flagstar Bancorp in a research note on Wednesday, July 26th. Finally, Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Flagstar Bancorp has a consensus rating of “Buy” and an average target price of $35.25.
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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