Bank of New York Mellon Corp boosted its stake in shares of Flagstar Bancorp, Inc. (NYSE:FBC) by 11.7% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 206,513 shares of the savings and loans company’s stock after buying an additional 21,682 shares during the period. Bank of New York Mellon Corp owned approximately 0.36% of Flagstar Bancorp worth $5,822,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of FBC. State Street Corp boosted its position in Flagstar Bancorp by 6.2% in the fourth quarter. State Street Corp now owns 401,195 shares of the savings and loans company’s stock valued at $10,808,000 after buying an additional 23,286 shares during the period. AQR Capital Management LLC raised its stake in Flagstar Bancorp by 9.3% in the fourth quarter. AQR Capital Management LLC now owns 286,707 shares of the savings and loans company’s stock valued at $7,723,000 after buying an additional 24,447 shares in the last quarter. Highbridge Capital Management LLC raised its stake in Flagstar Bancorp by 675.8% in the fourth quarter. Highbridge Capital Management LLC now owns 79,749 shares of the savings and loans company’s stock valued at $2,148,000 after buying an additional 69,470 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Flagstar Bancorp during the fourth quarter valued at $1,971,000. Finally, Allianz Asset Management AG raised its stake 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 valued at $1,883,000 after buying an additional 43,092 shares in the last quarter. 96.32% of the stock is owned by hedge funds and other institutional investors.
Flagstar Bancorp, Inc. (NYSE:FBC) traded up 0.50% on Monday, reaching $30.09. The company’s stock had a trading volume of 151,940 shares. The firm has a market cap of $1.72 billion, a P/E ratio of 11.67 and a beta of 0.86. The firm’s 50 day moving average is $30.53 and its 200-day moving average is $28.64. Flagstar Bancorp, Inc. has a 12 month low of $25.06 and a 12 month high of $31.57.
Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings data on Tuesday, April 25th. The savings and loans company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.10. Flagstar Bancorp had a net margin of 17.51% and a return on equity of 10.74%. The business had revenue of $183 million during the quarter, compared to the consensus estimate of $172.90 million. During the same period in the prior year, the firm posted $0.54 EPS. On average, equities research analysts anticipate that Flagstar Bancorp, Inc. will post $2.23 EPS for the current year.
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Several research firms have recently weighed in on FBC. Zacks Investment Research lowered Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Boenning Scattergood restated a “buy” rating on shares of Flagstar Bancorp in a research report on Tuesday, June 13th. Wedbush upgraded Flagstar Bancorp from a “neutral” rating to an “outperform” rating and set a $35.00 price target on the stock in a research report on Wednesday, April 26th. ValuEngine lowered Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, TheStreet upgraded Flagstar Bancorp from a “c+” rating to a “b” rating in a research report on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently 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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