Nordea Investment Management AB boosted its stake in shares of Flagstar Bancorp, Inc. (NYSE:FBC) by 28.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 231,900 shares of the savings and loans company’s stock after buying an additional 51,800 shares during the quarter. Nordea Investment Management AB owned 0.41% of Flagstar Bancorp worth $7,147,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its position in Flagstar Bancorp by 5.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 90,702 shares of the savings and loans company’s stock worth $2,557,000 after buying an additional 4,605 shares during the period. Bank of New York Mellon Corp grew its position in Flagstar Bancorp by 11.7% during the first quarter. Bank of New York Mellon Corp now owns 206,513 shares of the savings and loans company’s stock worth $5,822,000 after buying an additional 21,682 shares during the period. Bank of America Corp DE grew its position in Flagstar Bancorp by 2.7% during the first quarter. Bank of America Corp DE now owns 116,669 shares of the savings and loans company’s stock worth $3,289,000 after buying an additional 3,079 shares during the period. Nuveen Asset Management LLC grew its position in Flagstar Bancorp by 125.4% during the first quarter. Nuveen Asset Management LLC now owns 578,255 shares of the savings and loans company’s stock worth $16,301,000 after buying an additional 321,734 shares during the period. Finally, BlueCrest Capital Management Ltd acquired a new position in Flagstar Bancorp during the first quarter worth about $2,831,000. Institutional investors own 96.25% of the company’s stock.
Shares of Flagstar Bancorp, Inc. (NYSE:FBC) opened at 35.48 on Thursday. The stock has a 50 day moving average of $32.30 and a 200 day moving average of $30.17. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 13.60 and a beta of 0.86. Flagstar Bancorp, Inc. has a 52-week low of $25.06 and a 52-week high of $36.19.
Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings data on Tuesday, July 25th. The savings and loans company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.09. The company had revenue of $97.00 million for the quarter, compared to analysts’ expectations of $87.95 million. Flagstar Bancorp had a net margin of 16.52% and a return on equity of 10.15%. The business’s revenue was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. On average, analysts predict that Flagstar Bancorp, Inc. will post $2.37 EPS for the current fiscal year.
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Several brokerages have weighed in on FBC. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Tuesday, September 19th. ValuEngine upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Piper Jaffray Companies restated a “buy” rating and set a $35.00 target price on shares of Flagstar Bancorp in a research report on Wednesday, July 26th. BidaskClub lowered shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, Boenning Scattergood restated a “buy” rating on shares of Flagstar Bancorp in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $35.80.
Flagstar Bancorp Profile
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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