TIAA CREF Investment Management LLC Has $2.86 Million Position in Flagstar Bancorp, Inc. (NYSE:FBC)

TIAA CREF Investment Management LLC increased its stake in shares of Flagstar Bancorp, Inc. (NYSE:FBC) by 12.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 101,553 shares of the savings and loans company’s stock after buying an additional 11,157 shares during the period. TIAA CREF Investment Management LLC owned about 0.18% of Flagstar Bancorp worth $2,863,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. FSI Group LLC acquired a new position in Flagstar Bancorp during the first quarter valued at about $4,933,000. Bank of New York Mellon Corp boosted its position 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 valued at $5,822,000 after buying an additional 21,682 shares during the period. US Bancorp DE boosted its position in Flagstar Bancorp by 130.5% in the first quarter. US Bancorp DE now owns 4,182 shares of the savings and loans company’s stock valued at $118,000 after buying an additional 2,368 shares during the period. Advisors Asset Management Inc. boosted its position in Flagstar Bancorp by 20.1% in the first quarter. Advisors Asset Management Inc. now owns 4,229 shares of the savings and loans company’s stock valued at $119,000 after buying an additional 707 shares during the period. Finally, Thompson Investment Management Inc. boosted its position in Flagstar Bancorp by 8.6% in the first quarter. Thompson Investment Management Inc. now owns 17,325 shares of the savings and loans company’s stock valued at $488,000 after buying an additional 1,375 shares during the period. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Shares of Flagstar Bancorp, Inc. (FBC) opened at 31.24 on Friday. The stock has a market capitalization of $1.79 billion, a PE ratio of 11.97 and a beta of 0.87. The company has a 50-day moving average price of $31.39 and a 200 day moving average price of $29.38. Flagstar Bancorp, Inc. has a 52 week low of $25.06 and a 52 week high of $33.44.

Flagstar Bancorp (NYSE:FBC) last issued its earnings results on Tuesday, July 25th. The savings and loans company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.09. The business had revenue of $97 million during the quarter, compared to analyst estimates of $87.95 million. Flagstar Bancorp had a return on equity of 10.15% and a net margin of 16.52%. Flagstar Bancorp’s revenue was up 26.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 EPS. Equities analysts forecast that Flagstar Bancorp, Inc. will post $2.36 EPS for the current fiscal year.

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Several equities analysts have recently issued reports on the company. Piper Jaffray Companies reissued a “buy” rating and set a $35.00 target price on shares of Flagstar Bancorp in a research note on Wednesday, July 26th. Zacks Investment Research cut Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Boenning Scattergood reissued a “buy” rating on shares of Flagstar Bancorp in a research note on Tuesday, June 13th. Wedbush raised Flagstar Bancorp from a “neutral” rating to an “outperform” rating and set a $35.00 target price on the stock in a research note on Wednesday, April 26th. Finally, ValuEngine cut Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $35.25.

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.

Institutional Ownership by Quarter for Flagstar Bancorp (NYSE:FBC)

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