Flagstar Bancorp Inc (FBC) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP boosted its position in shares of Flagstar Bancorp Inc (NYSE:FBC) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,249,040 shares of the savings and loans company’s stock after purchasing an additional 146,882 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.68% of Flagstar Bancorp worth $115,276,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of FBC. Schwab Charles Investment Management Inc. boosted its position in Flagstar Bancorp by 5.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 90,702 shares of the savings and loans company’s stock worth $2,557,000 after purchasing an additional 4,605 shares in the last quarter. US Bancorp DE boosted its position in Flagstar Bancorp by 0.5% during the second quarter. US Bancorp DE now owns 4,205 shares of the savings and loans company’s stock worth $130,000 after purchasing an additional 23 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Flagstar Bancorp by 39.8% in the second quarter. First Trust Advisors LP now owns 58,926 shares of the savings and loans company’s stock valued at $1,816,000 after acquiring an additional 16,772 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Flagstar Bancorp by 2.1% in the second quarter. Rhumbline Advisers now owns 27,702 shares of the savings and loans company’s stock valued at $854,000 after acquiring an additional 568 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Flagstar Bancorp by 13.8% in the second quarter. Advisors Asset Management Inc. now owns 4,811 shares of the savings and loans company’s stock valued at $148,000 after acquiring an additional 582 shares in the last quarter. Institutional investors own 97.53% of the company’s stock.
FBC has been the topic of several recent research reports. Piper Jaffray Companies restated a “buy” rating and issued a $35.00 price objective on shares of Flagstar Bancorp in a research report on Monday, August 28th. ValuEngine upgraded Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. B. Riley restated a “buy” rating on shares of Flagstar Bancorp in a research report on Wednesday, November 1st. Finally, Boenning Scattergood set a $40.00 price objective on Flagstar Bancorp and gave the company a “buy” rating in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $39.57.
Shares of Flagstar Bancorp Inc (FBC) opened at $37.47 on Tuesday. The company has a debt-to-equity ratio of 4.04, a current ratio of 1.36 and a quick ratio of 0.80. Flagstar Bancorp Inc has a 12-month low of $25.06 and a 12-month high of $38.79. The stock has a market capitalization of $2,139.16, a price-to-earnings ratio of 15.85 and a beta of 1.05.
Flagstar Bancorp (NYSE:FBC) last released its earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.01. The firm had revenue of $103.00 million during the quarter, compared to analyst estimates of $100.80 million. Flagstar Bancorp had a return on equity of 9.77% and a net margin of 14.56%. The business’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 earnings per share. sell-side analysts anticipate that Flagstar Bancorp Inc will post 2.37 EPS for the current fiscal 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.
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