Swiss National Bank held its position in Flagstar Bancorp, Inc. (NYSE:FBC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,200 shares of the savings and loans company’s stock at the end of the first quarter. Swiss National Bank owned approximately 0.07% of Flagstar Bancorp worth $1,049,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Guggenheim Capital LLC raised its position in Flagstar Bancorp by 1.9% in the fourth quarter. Guggenheim Capital LLC now owns 39,331 shares of the savings and loans company’s stock worth $1,059,000 after buying an additional 737 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Flagstar Bancorp during the fourth quarter worth approximately $1,971,000. Allianz Asset Management AG raised its position in Flagstar Bancorp by 160.9% in the fourth quarter. Allianz Asset Management AG now owns 69,872 shares of the savings and loans company’s stock worth $1,883,000 after buying an additional 43,092 shares during the last quarter. FMR LLC acquired a new position in Flagstar Bancorp during the fourth quarter worth approximately $374,000. Finally, Bank of New York Mellon Corp raised its position 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. Institutional investors own 96.32% of the company’s stock.
Flagstar Bancorp, Inc. (FBC) traded up 6.38% on Tuesday, reaching $32.01. The company’s stock had a trading volume of 627,293 shares. Flagstar Bancorp, Inc. has a 12 month low of $25.06 and a 12 month high of $32.79. The firm’s 50 day moving average is $30.53 and its 200-day moving average is $28.64. The firm has a market cap of $1.83 billion, a P/E ratio of 12.42 and a beta of 0.86.
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings results on Tuesday, July 25th. The savings and loans company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.09. Flagstar Bancorp had a net margin of 17.51% and a return on equity of 10.74%. The business had revenue of $97 million for the quarter, compared to analysts’ expectations of $87.95 million. During the same period in the previous year, the company earned $0.66 earnings per share. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, equities research analysts anticipate that Flagstar Bancorp, Inc. will post $2.23 EPS for the current year.
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Several equities analysts recently issued reports on FBC shares. Boenning Scattergood restated a “buy” rating on shares of Flagstar Bancorp in a research note on Tuesday, June 13th. BidaskClub upgraded Flagstar Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Zacks Investment Research lowered Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine downgraded Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, FBR & Co reaffirmed an “outperform” rating on shares of Flagstar Bancorp in a report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $30.90.
Flagstar Bancorp Company 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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