Swiss National Bank increased its stake in shares of Flagstar Bancorp Inc (NYSE:FBC) by 9.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 40,600 shares of the savings and loans company’s stock after purchasing an additional 3,400 shares during the period. Swiss National Bank owned 0.07% of Flagstar Bancorp worth $1,519,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its holdings in Flagstar Bancorp by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,411 shares of the savings and loans company’s stock worth $536,000 after purchasing an additional 376 shares in the last quarter. Chartwell Investment Partners LLC increased its stake in Flagstar Bancorp by 3.4% in the 3rd quarter. Chartwell Investment Partners LLC now owns 91,000 shares of the savings and loans company’s stock worth $3,228,000 after acquiring an additional 3,000 shares during the last quarter. SG Americas Securities LLC bought a new position in Flagstar Bancorp in the 3rd quarter worth about $144,000. Schwab Charles Investment Management Inc. increased its stake in Flagstar Bancorp by 5.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 96,451 shares of the savings and loans company’s stock worth $3,423,000 after acquiring an additional 4,980 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Flagstar Bancorp by 15.6% in the 3rd quarter. Wells Fargo & Company MN now owns 40,288 shares of the savings and loans company’s stock worth $1,431,000 after acquiring an additional 5,435 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.
Flagstar Bancorp Inc (NYSE FBC) opened at $37.06 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 4.04. The firm has a market capitalization of $2,097.38, a PE ratio of 14.81 and a beta of 1.22. Flagstar Bancorp Inc has a one year low of $26.31 and a one year high of $40.06.
A number of equities analysts have weighed in on the company. B. Riley restated a “buy” rating on shares of Flagstar Bancorp in a research note on Friday, March 2nd. ValuEngine upgraded Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Boenning Scattergood set a $40.00 target price on Flagstar Bancorp and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Finally, Zacks Investment Research lowered Flagstar Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $39.57.
In other news, COO Lee Matthew Smith sold 3,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.96, for a total transaction of $107,880.00. Following the transaction, the chief operating officer now directly owns 72,835 shares in the company, valued at approximately $2,619,146.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 63.00% of the stock is currently owned by corporate insiders.
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.
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