Great West Life Assurance Co. Can cut its holdings in shares of Flagstar Bancorp Inc (NYSE:FBC) by 6.9% in the 1st quarter, HoldingsChannel reports. The fund owned 39,034 shares of the savings and loans company’s stock after selling 2,890 shares during the period. Great West Life Assurance Co. Can’s holdings in Flagstar Bancorp were worth $1,284,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. acquired a new position in Flagstar Bancorp in the fourth quarter worth about $29,000. Bank of Montreal Can grew its stake in Flagstar Bancorp by 36.8% in the fourth quarter. Bank of Montreal Can now owns 1,746 shares of the savings and loans company’s stock worth $46,000 after purchasing an additional 470 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in Flagstar Bancorp in the fourth quarter worth about $224,000. BNP Paribas Arbitrage SA grew its stake in Flagstar Bancorp by 151.9% in the first quarter. BNP Paribas Arbitrage SA now owns 6,854 shares of the savings and loans company’s stock worth $226,000 after purchasing an additional 4,133 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Flagstar Bancorp by 47.9% in the first quarter. SG Americas Securities LLC now owns 7,104 shares of the savings and loans company’s stock worth $234,000 after purchasing an additional 2,300 shares in the last quarter. Institutional investors own 98.70% of the company’s stock.

Shares of NYSE FBC opened at $31.81 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 2.44. Flagstar Bancorp Inc has a 52-week low of $25.30 and a 52-week high of $36.22. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 10.44 and a beta of 1.27.

Flagstar Bancorp (NYSE:FBC) last issued its earnings results on Tuesday, April 23rd. The savings and loans company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. Flagstar Bancorp had a net margin of 16.38% and a return on equity of 11.60%. The firm had revenue of $235.00 million for the quarter, compared to analysts’ expectations of $230.70 million. During the same quarter last year, the company posted $0.60 earnings per share. As a group, analysts anticipate that Flagstar Bancorp Inc will post 3.34 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.04 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.16 dividend on an annualized basis and a yield of 0.50%. Flagstar Bancorp’s dividend payout ratio is currently 5.30%.

A number of research firms recently commented on FBC. Zacks Investment Research downgraded Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Piper Jaffray Companies downgraded Flagstar Bancorp from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $37.00 to $35.00 in a research note on Thursday, April 25th. ValuEngine downgraded Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. TheStreet upgraded Flagstar Bancorp from a “c+” rating to a “b-” rating in a research note on Wednesday, February 27th. Finally, Raymond James set a $37.00 price target on Flagstar Bancorp and gave the stock a “buy” rating in a research note on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Flagstar Bancorp presently has a consensus rating of “Buy” and an average target price of $37.40.

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Flagstar Bancorp Company Profile

Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial 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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Want to see what other hedge funds are holding FBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flagstar Bancorp Inc (NYSE:FBC).

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

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