Brandywine Global Investment Management LLC boosted its holdings in shares of Flagstar Bancorp Inc (NYSE:FBC) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 273,012 shares of the savings and loans company’s stock after acquiring an additional 7,059 shares during the period. Brandywine Global Investment Management LLC owned 0.48% of Flagstar Bancorp worth $10,217,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of FBC. SG Americas Securities LLC purchased a new position in Flagstar Bancorp during the 3rd quarter valued at about $144,000. Macquarie Group Ltd. purchased a new position in Flagstar Bancorp during the 3rd quarter valued at about $291,000. Teacher Retirement System of Texas purchased a new position in Flagstar Bancorp during the 4th quarter valued at about $293,000. USA Financial Portformulas Corp purchased a new position in Flagstar Bancorp during the 4th quarter valued at about $296,000. Finally, The Manufacturers Life Insurance Company lifted its position 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 valued at $536,000 after acquiring an additional 376 shares during the period. 97.22% of the stock is owned by institutional investors.
Flagstar Bancorp Inc (NYSE FBC) opened at $36.96 on Wednesday. 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 stock has a market cap of $2,097.38, a PE ratio of 34.22 and a beta of 1.22. Flagstar Bancorp Inc has a twelve month low of $26.31 and a twelve month high of $40.06.
FBC has been the subject of a number of recent research reports. B. Riley reissued a “buy” rating and set a $42.00 price target on shares of Flagstar Bancorp in a research report on Wednesday, December 27th. Zacks Investment Research cut shares of Flagstar Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Boenning Scattergood set a $40.00 price target on shares of Flagstar Bancorp and gave the company a “buy” rating in a research report on Wednesday, December 27th. Finally, ValuEngine raised shares of Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $39.57.
In other Flagstar Bancorp news, COO Lee Matthew Smith sold 3,000 shares of Flagstar Bancorp stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $35.96, for a total value of $107,880.00. Following the completion of the transaction, the chief operating officer now directly owns 72,835 shares of the company’s stock, valued at $2,619,146.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 63.00% of the stock is currently owned by insiders.
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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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