Flagstar Bancorp, Inc. (FBC) Stake Lowered by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lessened its holdings in Flagstar Bancorp, Inc. (NYSE:FBC) by 9.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 345,406 shares of the savings and loans company’s stock after selling 36,699 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.60% of Flagstar Bancorp worth $10,646,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its stake in shares of Flagstar Bancorp by 5.3% in the 1st 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 during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Flagstar Bancorp by 11.7% in the 1st 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 during the last quarter. Bank of America Corp DE lifted its stake in shares of Flagstar Bancorp by 2.7% in the 1st 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 during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Flagstar Bancorp by 125.4% in the 1st 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 during the last quarter. Finally, Systematic Financial Management LP acquired a new position in shares of Flagstar Bancorp in the 2nd quarter valued at $1,815,000. 96.25% of the stock is currently owned by institutional investors and hedge funds.

FBC has been the topic of several recent analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $35.00 price target on shares of Flagstar Bancorp in a research note on Monday, August 28th. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Wednesday, August 23rd. Raymond James Financial, Inc. initiated coverage on Flagstar Bancorp in a research note on Thursday, August 31st. They issued an “outperform” rating and a $36.00 price target on the stock. BidaskClub lowered Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, ValuEngine raised Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Flagstar Bancorp has a consensus rating of “Buy” and a consensus target price of $35.80.

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Flagstar Bancorp, Inc. (FBC) opened at 35.48 on Friday. Flagstar Bancorp, Inc. has a 1-year low of $25.06 and a 1-year high of $35.89. The company’s 50-day moving average price is $32.30 and its 200 day moving average price is $30.17. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 13.60 and a beta of 0.86.

Flagstar Bancorp (NYSE:FBC) last issued its earnings results on Tuesday, July 25th. The savings and loans company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.09. Flagstar Bancorp had a return on equity of 10.15% and a net margin of 16.52%. The firm had revenue of $97.00 million for the quarter, compared to analysts’ expectations of $87.95 million. During the same quarter last year, the firm 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 analysts expect that Flagstar Bancorp, Inc. will post $2.37 earnings per share for the current fiscal year.

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

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