Teachers Advisors LLC increased its position in shares of Flagstar Bancorp, Inc. (NYSE:FBC) by 1,159.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 392,776 shares of the savings and loans company’s stock after buying an additional 361,586 shares during the period. Teachers Advisors LLC owned approximately 0.69% of Flagstar Bancorp worth $11,072,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. bought a new stake in Flagstar Bancorp during the first quarter worth $203,000. FSI Group LLC bought a new stake in Flagstar Bancorp during the first quarter worth $4,933,000. Bank of New York Mellon Corp increased its stake in Flagstar Bancorp by 11.7% in 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 last quarter. US Bancorp DE increased its stake in 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 worth $118,000 after buying an additional 2,368 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in 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 worth $119,000 after buying an additional 707 shares during the last quarter. Hedge funds and other institutional investors own 96.32% of the company’s stock.
Flagstar Bancorp, Inc. (FBC) opened at 29.94 on Monday. The stock’s 50 day moving average price is $30.49 and its 200-day moving average price is $28.58. Flagstar Bancorp, Inc. has a 12-month low of $25.06 and a 12-month high of $31.57. The firm has a market cap of $1.71 billion, a PE ratio of 11.61 and a beta of 0.86.
Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings data on Tuesday, April 25th. The savings and loans company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.10. The company had revenue of $183 million during the quarter, compared to analyst estimates of $172.90 million. Flagstar Bancorp had a return on equity of 10.74% and a net margin of 17.51%. During the same quarter last year, the company earned $0.54 earnings per share. Equities research analysts anticipate that Flagstar Bancorp, Inc. will post $2.23 earnings per share for the current fiscal year.
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A number of research firms have recently weighed in on FBC. Boenning Scattergood reiterated a “buy” rating on shares of Flagstar Bancorp in a research report on Tuesday, June 13th. BidaskClub upgraded Flagstar Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research downgraded Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. ValuEngine cut Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, Wedbush raised Flagstar Bancorp from a “neutral” rating to an “outperform” rating and set a $35.00 price target for the company in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $30.90.
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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