UBS Group AG boosted its position in shares of Flagstar Bancorp, Inc. (NYSE:FBC) by 0.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,500 shares of the savings and loans company’s stock after buying an additional 83 shares during the period. UBS Group AG’s holdings in Flagstar Bancorp were worth $324,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Guggenheim Capital LLC raised its stake in Flagstar Bancorp by 1.9% in the fourth quarter. Guggenheim Capital LLC now owns 39,331 shares of the savings and loans company’s stock worth $1,059,000 after buying an additional 737 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Flagstar Bancorp by 11.7% in the first quarter. Bank of New York Mellon Corp now owns 206,513 shares of the savings and loans company’s stock worth $5,822,000 after buying an additional 21,682 shares during the last quarter. FMR LLC purchased a new stake in shares of Flagstar Bancorp during the fourth quarter worth about $374,000. State Street Corp increased its stake in shares of 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 worth $10,808,000 after buying an additional 23,286 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Flagstar Bancorp by 5.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,869,233 shares of the savings and loans company’s stock worth $80,884,000 after buying an additional 159,378 shares during the period. Institutional investors and hedge funds own 95.97% of the company’s stock.
Shares of Flagstar Bancorp, Inc. (NYSE:FBC) traded up 1.08% during trading on Friday, reaching $31.71. 248,385 shares of the company’s stock traded hands. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 12.15 and a beta of 0.87. The company has a 50 day moving average of $31.25 and a 200-day moving average of $29.19. Flagstar Bancorp, Inc. has a 1-year low of $25.06 and a 1-year high of $33.44.
Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings results on Tuesday, July 25th. The savings and loans company reported $0.71 EPS for the quarter, beating the 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 million during the quarter, compared to analysts’ expectations of $87.95 million. During the same period in the prior year, the firm posted $0.66 earnings per share. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. Equities analysts predict that Flagstar Bancorp, Inc. will post $2.36 earnings per share for the current year.
FBC has been the topic of several research reports. Zacks Investment Research downgraded shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine cut shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Piper Jaffray Companies reiterated a “buy” rating and set a $35.00 price target on shares of Flagstar Bancorp in a research report on Wednesday, July 26th. Wedbush upgraded shares of Flagstar Bancorp from a “neutral” rating to an “outperform” rating and set a $35.00 price target for the company in a research report on Wednesday, April 26th. Finally, TheStreet upgraded shares of Flagstar Bancorp from a “c+” rating to a “b” rating in a report on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Flagstar Bancorp currently has a consensus rating of “Buy” and an average price target of $35.25.
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. 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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