Wells Fargo & Company MN Increases Holdings in Flagstar Bancorp, Inc. (FBC)

Wells Fargo & Company MN boosted its holdings in shares of Flagstar Bancorp, Inc. (NYSE:FBC) by 11.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,853 shares of the savings and loans company’s stock after acquiring an additional 3,691 shares during the quarter. Wells Fargo & Company MN owned 0.06% of Flagstar Bancorp worth $1,074,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. US Bancorp DE lifted its holdings in shares of Flagstar Bancorp by 0.5% during the 2nd quarter. US Bancorp DE now owns 4,205 shares of the savings and loans company’s stock valued at $130,000 after buying an additional 23 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Flagstar Bancorp by 105.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,281 shares of the savings and loans company’s stock valued at $132,000 after buying an additional 2,193 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Flagstar Bancorp by 13.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 4,811 shares of the savings and loans company’s stock valued at $148,000 after buying an additional 582 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Flagstar Bancorp by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 5,183 shares of the savings and loans company’s stock valued at $159,000 after buying an additional 225 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Flagstar Bancorp by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 6,173 shares of the savings and loans company’s stock valued at $190,000 after buying an additional 926 shares during the last quarter. Hedge funds and other institutional investors own 96.30% of the company’s stock.

Shares of Flagstar Bancorp, Inc. (NYSE:FBC) opened at $36.72 on Friday. The stock has a market cap of $2.13 billion, a PE ratio of 15.81 and a beta of 1.01. The company has a quick ratio of 0.78, a current ratio of 1.33 and a debt-to-equity ratio of 3.81.

Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Flagstar Bancorp had a return on equity of 9.91% and a net margin of 14.56%. The firm had revenue of $103.00 million for the quarter, compared to analysts’ expectations of $100.80 million. During the same period in the prior year, the business posted $0.96 earnings per share. The business’s revenue was up 28.8% compared to the same quarter last year. equities analysts forecast that Flagstar Bancorp, Inc. will post 2.38 EPS for the current fiscal year.

FBC has been the subject of several analyst reports. Boenning Scattergood restated a “buy” rating on shares of Flagstar Bancorp in a report on Thursday, October 26th. ValuEngine upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Piper Jaffray Companies restated a “buy” rating and issued a $35.00 target price on shares of Flagstar Bancorp in a report on Friday, October 6th. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Tuesday, September 26th. Finally, BidaskClub downgraded Flagstar Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. Flagstar Bancorp presently has a consensus rating of “Buy” and a consensus price target of $39.00.

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Flagstar Bancorp Profile

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

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