Brandywine Global Investment Management LLC lifted its stake in Flagstar Bancorp Inc (NYSE:FBC) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 273,012 shares of the savings and loans company’s stock after acquiring an additional 7,059 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Flagstar Bancorp were worth $10,217,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in FBC. SG Americas Securities LLC bought a new stake in shares of Flagstar Bancorp in the third quarter worth approximately $144,000. Macquarie Group Ltd. bought a new stake in shares of Flagstar Bancorp in the third quarter worth approximately $291,000. Teacher Retirement System of Texas bought a new stake in shares of Flagstar Bancorp in the fourth quarter worth approximately $293,000. USA Financial Portformulas Corp bought a new stake in shares of Flagstar Bancorp in the fourth quarter worth approximately $296,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Flagstar Bancorp by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 17,411 shares of the savings and loans company’s stock worth $536,000 after acquiring an additional 376 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.
FBC has been the subject of a number of research analyst reports. B. Riley reiterated a “buy” rating and issued a $42.00 price target on shares of Flagstar Bancorp in a research note on Wednesday, December 27th. Boenning Scattergood set a $40.00 price target on shares of Flagstar Bancorp and gave the stock a “buy” rating in a research note on Wednesday, December 27th. Zacks Investment Research lowered shares of Flagstar Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Finally, ValuEngine upgraded shares of Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Flagstar Bancorp presently has an average rating of “Buy” and an average price target of $39.57.
In related news, COO Lee Matthew Smith sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $37.48, for a total transaction of $112,440.00. Following the completion of the sale, the chief operating officer now directly owns 75,835 shares in the company, valued at $2,842,295.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 63.00% of the company’s stock.
Shares of Flagstar Bancorp Inc (NYSE FBC) opened at $36.96 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 4.04. The stock has a market cap of $2,097.38, a P/E ratio of 34.22 and a beta of 1.22. Flagstar Bancorp Inc has a 12-month low of $26.31 and a 12-month high of $40.06.
Flagstar Bancorp (NYSE:FBC) last announced its earnings results on Tuesday, January 23rd. The savings and loans company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.04. The company had revenue of $107.00 million during the quarter, compared to analyst estimates of $103.91 million. Flagstar Bancorp had a net margin of 6.32% and a return on equity of 10.14%. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share. equities analysts predict that Flagstar Bancorp Inc will post 3.26 EPS for the current fiscal year.
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.
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