Bank of New York Mellon Corp lifted its position in Flagstar Bancorp Inc (NYSE:FBC) by 7.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 163,947 shares of the savings and loans company’s stock after buying an additional 10,833 shares during the quarter. Bank of New York Mellon Corp owned about 0.28% of Flagstar Bancorp worth $5,160,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Systematic Financial Management LP grew its stake in shares of Flagstar Bancorp by 4.3% in the 3rd quarter. Systematic Financial Management LP now owns 40,405 shares of the savings and loans company’s stock valued at $1,272,000 after buying an additional 1,670 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Flagstar Bancorp by 17.6% in the 2nd quarter. Voya Investment Management LLC now owns 12,891 shares of the savings and loans company’s stock valued at $442,000 after buying an additional 1,925 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Flagstar Bancorp by 33.8% in the 2nd quarter. Jane Street Group LLC now owns 8,657 shares of the savings and loans company’s stock valued at $297,000 after buying an additional 2,186 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Flagstar Bancorp by 25.8% in the 3rd quarter. First Trust Advisors LP now owns 17,131 shares of the savings and loans company’s stock valued at $539,000 after buying an additional 3,517 shares in the last quarter. Finally, Chartwell Investment Partners LLC grew its stake in shares of Flagstar Bancorp by 7.6% in the 3rd quarter. Chartwell Investment Partners LLC now owns 65,190 shares of the savings and loans company’s stock valued at $2,052,000 after buying an additional 4,585 shares in the last quarter. 95.82% of the stock is owned by institutional investors and hedge funds.
FBC opened at $31.99 on Thursday. Flagstar Bancorp Inc has a twelve month low of $25.30 and a twelve month high of $38.00. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.10 and a quick ratio of 0.76. The company has a market capitalization of $1.83 billion, a P/E ratio of 10.59 and a beta of 1.20.
Flagstar Bancorp (NYSE:FBC) last posted its earnings results on Tuesday, January 22nd. The savings and loans company reported $0.72 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. Flagstar Bancorp had a return on equity of 11.75% and a net margin of 16.67%. The firm had revenue of $250.00 million during the quarter, compared to analyst estimates of $235.82 million. During the same period in the previous year, the company earned $0.60 EPS. Equities analysts expect that Flagstar Bancorp Inc will post 3.32 earnings per share for the current year.
Flagstar Bancorp announced that its board has authorized a stock buyback program on Wednesday, January 30th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the savings and loans company to purchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.16 annualized dividend and a yield of 0.50%. Flagstar Bancorp’s dividend payout ratio (DPR) is currently 5.30%.
Several equities research analysts recently commented on FBC shares. Boenning Scattergood reissued a “buy” rating on shares of Flagstar Bancorp in a research note on Wednesday, October 24th. Zacks Investment Research raised Flagstar Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 25th. ValuEngine cut Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. TheStreet cut Flagstar Bancorp from a “b” rating to a “c+” rating in a research note on Friday, November 9th. Finally, Sandler O’Neill lowered Flagstar Bancorp from a “buy” rating to a “hold” rating and set a $32.00 target price for the company. in a report on Friday, January 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Flagstar Bancorp has a consensus rating of “Hold” and a consensus price target of $39.25.
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Flagstar Bancorp Profile
Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial, small business, and consumer banking services to individuals and businesses in the United States. Its Community Banking segment offers various products, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer and commercial loans, commercial real estate loans, equipment finance and leasing, home builder finance loans, and warehouse lines of credit.
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