Flagstar Bancorp, Inc. (FBC) Stake Lessened by KBC Group NV

KBC Group NV trimmed its holdings in shares of Flagstar Bancorp, Inc. (NYSE:FBC) by 25.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,737 shares of the savings and loans company’s stock after selling 11,865 shares during the period. KBC Group NV owned 0.06% of Flagstar Bancorp worth $1,071,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FBC. Schwab Charles Investment Management Inc. increased its stake in Flagstar Bancorp by 5.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 90,702 shares of the savings and loans company’s stock valued at $2,557,000 after purchasing an additional 4,605 shares in the last quarter. 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 valued at $5,822,000 after purchasing an additional 21,682 shares in the last quarter. Bank of America Corp DE increased its stake in Flagstar Bancorp by 2.7% in the first quarter. Bank of America Corp DE now owns 116,669 shares of the savings and loans company’s stock valued at $3,289,000 after purchasing an additional 3,079 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Flagstar Bancorp by 125.4% in the first quarter. Nuveen Asset Management LLC now owns 578,255 shares of the savings and loans company’s stock valued at $16,301,000 after purchasing an additional 321,734 shares in the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in Flagstar Bancorp in the first quarter valued at approximately $2,831,000. 96.25% of the stock is owned by institutional investors and hedge funds.

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Shares of Flagstar Bancorp, Inc. (FBC) traded up 0.82% during midday trading on Friday, hitting $33.30. 171,420 shares of the stock traded hands. The stock has a market capitalization of $1.90 billion, a P/E ratio of 12.76 and a beta of 0.86. The firm has a 50-day moving average price of $32.23 and a 200-day moving average price of $30.07. Flagstar Bancorp, Inc. has a 52 week low of $25.06 and a 52 week high of $33.44.

Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings data on Tuesday, July 25th. The savings and loans company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.09. The company had revenue of $97.00 million during the quarter, compared to analyst estimates of $87.95 million. Flagstar Bancorp had a net margin of 16.52% and a return on equity of 10.15%. Flagstar Bancorp’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 EPS. On average, equities analysts predict that Flagstar Bancorp, Inc. will post $2.37 earnings per share for the current fiscal year.

Several equities research analysts have commented on FBC shares. ValuEngine raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $35.00 target price on shares of Flagstar Bancorp in a research note on Monday, August 28th. Raymond James Financial, Inc. started coverage on shares of Flagstar Bancorp in a research note on Thursday, August 31st. They issued an “outperform” rating and a $36.00 target price for the company. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $35.00 target price (up previously from $32.00) on shares of Flagstar Bancorp in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $35.40.

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.

Institutional Ownership by Quarter for Flagstar Bancorp (NYSE:FBC)




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