Flagstar Bancorp, Inc. (NYSE:FBC) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of Flagstar Bancorp, Inc. (NYSE:FBC) by 5.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,336 shares of the savings and loans company’s stock after acquiring an additional 5,400 shares during the period. JPMorgan Chase & Co. owned about 0.18% of Flagstar Bancorp worth $3,185,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FBC. Wells Fargo & Company MN lifted its stake in Flagstar Bancorp by 8.6% during the 1st quarter. Wells Fargo & Company MN now owns 31,162 shares of the savings and loans company’s stock worth $878,000 after acquiring an additional 2,469 shares in the last quarter. US Bancorp DE lifted its stake in Flagstar Bancorp by 130.5% during the 1st quarter. US Bancorp DE now owns 4,182 shares of the savings and loans company’s stock worth $118,000 after acquiring an additional 2,368 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Flagstar Bancorp by 11.7% during the 1st 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 purchasing an additional 21,682 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in Flagstar Bancorp during the 1st quarter worth about $203,000. Finally, Parametric Portfolio Associates LLC increased its holdings in Flagstar Bancorp by 9.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 84,914 shares of the savings and loans company’s stock worth $2,394,000 after purchasing an additional 7,018 shares during the period. 96.25% of the stock is currently owned by hedge funds and other institutional investors.

FBC has been the topic of several recent research reports. Raymond James Financial, Inc. initiated coverage on Flagstar Bancorp in a report on Thursday, August 31st. They set an “outperform” rating and a $36.00 price target on the stock. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Thursday, September 7th. Piper Jaffray Companies restated a “buy” rating and set a $35.00 price target on shares of Flagstar Bancorp in a report on Monday, August 28th. ValuEngine upgraded Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, FBR & Co restated an “outperform” rating and set a $35.00 price target (up previously from $32.00) on shares of Flagstar Bancorp in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Flagstar Bancorp has an average rating of “Buy” and an average price target of $36.80.

Flagstar Bancorp, Inc. (FBC) opened at 36.32 on Friday. Flagstar Bancorp, Inc. has a 12-month low of $25.06 and a 12-month high of $36.40. The stock has a 50 day moving average price of $34.48 and a 200-day moving average price of $31.34. The stock has a market cap of $2.08 billion, a P/E ratio of 13.92 and a beta of 0.83.

Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings results on Tuesday, July 25th. The savings and loans company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $97.00 million for the quarter, compared to analysts’ expectations of $87.95 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The company’s revenue was up 26.0% compared to the same quarter last year. On average, equities analysts expect that Flagstar Bancorp, Inc. will

A number of other institutional investors and hedge funds have also recently bought and sold shares of FBC. Wells Fargo & Company MN lifted its stake in Flagstar Bancorp by 8.6% during the 1st quarter. Wells Fargo & Company MN now owns 31,162 shares of the savings and loans company’s stock worth $878,000 after acquiring an additional 2,469 shares in the last quarter. US Bancorp DE lifted its stake in Flagstar Bancorp by 130.5% during the 1st quarter. US Bancorp DE now owns 4,182 shares of the savings and loans company’s stock worth $118,000 after acquiring an additional 2,368 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Flagstar Bancorp by 11.7% during the 1st 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 purchasing an additional 21,682 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in Flagstar Bancorp during the 1st quarter worth about $203,000. Finally, Parametric Portfolio Associates LLC increased its holdings in Flagstar Bancorp by 9.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 84,914 shares of the savings and loans company’s stock worth $2,394,000 after purchasing an additional 7,018 shares during the period. 96.25% of the stock is currently owned by hedge funds and other institutional investors.

FBC has been the topic of several recent research reports. Raymond James Financial, Inc. initiated coverage on Flagstar Bancorp in a report on Thursday, August 31st. They set an “outperform” rating and a $36.00 price target on the stock. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Thursday, September 7th. Piper Jaffray Companies restated a “buy” rating and set a $35.00 price target on shares of Flagstar Bancorp in a report on Monday, August 28th. ValuEngine upgraded Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, FBR & Co restated an “outperform” rating and set a $35.00 price target (up previously from $32.00) on shares of Flagstar Bancorp in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Flagstar Bancorp has an average rating of “Buy” and an average price target of $36.80.

Flagstar Bancorp, Inc. (FBC) opened at 36.32 on Friday. Flagstar Bancorp, Inc. has a 12-month low of $25.06 and a 12-month high of $36.40. The stock has a 50 day moving average price of $34.48 and a 200-day moving average price of $31.34. The stock has a market cap of $2.08 billion, a P/E ratio of 13.92 and a beta of 0.83.

Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings results on Tuesday, July 25th. The savings and loans company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $97.00 million for the quarter, compared to analysts’ expectations of $87.95 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The company’s revenue was up 26.0% compared to the same quarter last year. On average, equities analysts expect that Flagstar Bancorp, Inc. will post $2.37 earnings per share for the current year.

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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.

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

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