Dimensional Fund Advisors LP boosted its position in Flagstar Bancorp Inc. (NYSE:FBC) by 8.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,323,858 shares of the company’s stock after buying an additional 177,044 shares during the period. Dimensional Fund Advisors LP owned approximately 4.11% of Flagstar Bancorp worth $56,725,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in Flagstar Bancorp by 77.2% in the second quarter. Victory Capital Management Inc. now owns 4,606 shares of the company’s stock worth $112,000 after buying an additional 2,007 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Flagstar Bancorp by 270.0% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 11,100 shares of the company’s stock worth $271,000 after buying an additional 8,100 shares in the last quarter. Airain ltd increased its position in shares of Flagstar Bancorp by 39.3% in the second quarter. Airain ltd now owns 16,312 shares of the company’s stock worth $398,000 after buying an additional 4,605 shares in the last quarter. Boothbay Fund Management LLC increased its position in shares of Flagstar Bancorp by 7.9% in the first quarter. Boothbay Fund Management LLC now owns 18,100 shares of the company’s stock worth $388,000 after buying an additional 1,320 shares in the last quarter. Finally, Virginia Retirement System bought a new position in shares of Flagstar Bancorp during the first quarter worth approximately $412,000. 95.44% of the stock is currently owned by institutional investors.
Shares of Flagstar Bancorp Inc. (NYSE:FBC) traded up 1.592% during midday trading on Wednesday, reaching $28.395. 17,097 shares of the company’s stock traded hands. Flagstar Bancorp Inc. has a 1-year low of $17.25 and a 1-year high of $28.40. The stock has a market capitalization of $1.61 billion, a P/E ratio of 12.135 and a beta of 2.10. The firm’s 50-day moving average price is $27.74 and its 200 day moving average price is $24.90.
Flagstar Bancorp (NYSE:FBC) last issued its earnings results on Tuesday, July 26th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.10. Flagstar Bancorp had a net margin of 19.67% and a return on equity of 12.96%. During the same quarter in the prior year, the firm earned $0.68 EPS. On average, equities analysts predict that Flagstar Bancorp Inc. will post $2.29 earnings per share for the current fiscal year.
FBC has been the topic of a number of research analyst reports. FBR & Co restated a “buy” rating on shares of Flagstar Bancorp in a research note on Tuesday, June 28th. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Tuesday, June 21st. Sandler O’Neill downgraded shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 23rd. Keefe, Bruyette & Woods downgraded shares of Flagstar Bancorp from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $26.00 to $27.50 in a research note on Wednesday, July 27th. Finally, Piper Jaffray Cos. downgraded shares of Flagstar Bancorp from an “overweight” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research note on Wednesday, July 27th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $26.06.
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. The Company operates through three segments: Mortgage Originations, Mortgage Servicing and Community Banking. Through Mortgage Originations segment, it originates, acquires and sells one- to four-family residential mortgage loans.
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