State Board of Administration of Florida Retirement System decreased its stake in Flagstar Bancorp Inc. (NYSE:FBC) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,025 shares of the company’s stock after selling 8 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Flagstar Bancorp were worth $294,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of FBC. Livforsakringsbolaget Skandia Omsesidigt raised its position in Flagstar Bancorp by 270.0% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 11,100 shares of the company’s stock valued at $271,000 after buying an additional 8,100 shares during the period. Boothbay Fund Management LLC raised its position in Flagstar Bancorp by 7.9% in the first quarter. Boothbay Fund Management LLC now owns 18,100 shares of the company’s stock valued at $388,000 after buying an additional 1,320 shares during the period. Virginia Retirement System purchased a new position in Flagstar Bancorp during the first quarter valued at approximately $412,000. Zebra Capital Management LLC purchased a new position in Flagstar Bancorp during the first quarter valued at approximately $526,000. Finally, A.R.T. Advisors LLC raised its position in Flagstar Bancorp by 1.5% in the first quarter. A.R.T. Advisors LLC now owns 26,470 shares of the company’s stock valued at $568,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 95.44% of the company’s stock.
Flagstar Bancorp Inc. (NYSE:FBC) traded up 0.81% during mid-day trading on Friday, reaching $27.22. The company’s stock had a trading volume of 22,820 shares. The firm’s 50 day moving average price is $27.74 and its 200 day moving average price is $25.15. Flagstar Bancorp Inc. has a 52 week low of $17.25 and a 52 week high of $28.54. The firm has a market capitalization of $1.54 billion, a P/E ratio of 11.63 and a beta of 2.10.
Flagstar Bancorp (NYSE:FBC) last released 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 return on equity of 12.96% and a net margin of 19.67%. During the same quarter in the prior year, the firm posted $0.68 EPS. On average, analysts anticipate that Flagstar Bancorp Inc. will post $2.29 EPS for the current fiscal year.
A number of research analysts have recently issued reports on FBC shares. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, June 21st. Keefe, Bruyette & Woods raised Flagstar Bancorp from a “market perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a report on Tuesday, June 28th. Boenning Scattergood started coverage on Flagstar Bancorp in a report on Wednesday, June 29th. They issued an “outperform” rating and a $26.50 target price on the stock. FBR & Co reissued a “buy” rating on shares of Flagstar Bancorp in a report on Tuesday, June 28th. Finally, Piper Jaffray Cos. lowered Flagstar Bancorp from an “overweight” rating to a “neutral” rating and set a $27.00 target price on the stock. in a report on Wednesday, July 27th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.50.
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. 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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