Nationwide Fund Advisors boosted its stake in shares of Flagstar Bancorp Inc. (NYSE:FBC) by 3.5% during the second quarter, Holdings Channel reports. The firm owned 245,588 shares of the company’s stock after buying an additional 8,316 shares during the period. Nationwide Fund Advisors owned approximately 0.43% of Flagstar Bancorp worth $5,995,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of FBC. Glenmede Trust Co. NA purchased a new stake in Flagstar Bancorp during the first quarter valued at $703,000. Virginia Retirement System purchased a new stake in Flagstar Bancorp during the first quarter valued at $412,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in Flagstar Bancorp by 57.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,870 shares of the company’s stock valued at $705,000 after buying an additional 11,980 shares during the period. BlackRock Group LTD raised its stake in Flagstar Bancorp by 9.0% in the first quarter. BlackRock Group LTD now owns 75,532 shares of the company’s stock valued at $1,621,000 after buying an additional 6,247 shares during the period. Finally, Menta Capital LLC raised its stake in Flagstar Bancorp by 97.2% in the first quarter. Menta Capital LLC now owns 35,300 shares of the company’s stock valued at $758,000 after buying an additional 17,400 shares during the period. 95.44% of the stock is currently owned by institutional investors.
Flagstar Bancorp Inc. (NYSE:FBC) traded up 0.36% during trading on Wednesday, reaching $27.64. The company had a trading volume of 41,907 shares. Flagstar Bancorp Inc. has a 12 month low of $17.25 and a 12 month high of $28.26. The stock has a 50 day moving average price of $27.71 and a 200 day moving average price of $24.63. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 11.81 and a beta of 2.17.
Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate 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 period in the prior year, the firm posted $0.68 EPS. On average, equities research analysts predict that Flagstar Bancorp Inc. will post $2.29 earnings per share for the current year.
FBC has been the topic of several research reports. Zacks Investment Research lowered Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, June 1st. 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 initiated 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. Finally, FBR & Co reaffirmed a “buy” rating on shares of Flagstar Bancorp in a research note on Tuesday, June 28th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $26.06.
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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