Marshall Wace LLP acquired a new stake in Flagstar Bancorp Inc (NYSE:FBC) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 47,100 shares of the savings and loans company’s stock, valued at approximately $1,614,000. Marshall Wace LLP owned about 0.08% of Flagstar Bancorp as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of FBC. BlackRock Inc. raised its holdings in shares of Flagstar Bancorp by 50.1% in the second quarter. BlackRock Inc. now owns 2,319,761 shares of the savings and loans company’s stock valued at $79,474,000 after purchasing an additional 774,298 shares during the last quarter. EJF Capital LLC raised its holdings in shares of Flagstar Bancorp by 48.8% in the second quarter. EJF Capital LLC now owns 1,572,675 shares of the savings and loans company’s stock valued at $53,880,000 after purchasing an additional 515,678 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Flagstar Bancorp by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,033,251 shares of the savings and loans company’s stock valued at $138,181,000 after purchasing an additional 345,602 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Flagstar Bancorp by 36.5% in the second quarter. Renaissance Technologies LLC now owns 992,112 shares of the savings and loans company’s stock valued at $33,990,000 after purchasing an additional 265,100 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Flagstar Bancorp by 232.1% in the second quarter. Wells Fargo & Company MN now owns 241,574 shares of the savings and loans company’s stock valued at $8,277,000 after purchasing an additional 168,839 shares during the last quarter. Institutional investors own 93.78% of the company’s stock.

In related news, COO Lee Matthew Smith sold 3,000 shares of the business’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $33.72, for a total transaction of $101,160.00. Following the transaction, the chief operating officer now directly owns 93,630 shares in the company, valued at $3,157,203.60. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders have sold 9,000 shares of company stock worth $309,960. 62.90% of the stock is owned by corporate insiders.

FBC has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, May 29th. Boenning Scattergood restated a “buy” rating and set a $41.00 target price on shares of Flagstar Bancorp in a report on Wednesday, June 6th. Sandler O’Neill upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, June 7th. Stephens restated a “hold” rating on shares of Flagstar Bancorp in a report on Monday, June 11th. Finally, ValuEngine downgraded shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Monday, June 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $41.57.

Shares of FBC opened at $32.44 on Friday. The firm has a market cap of $1.83 billion, a P/E ratio of 11.58 and a beta of 0.98. Flagstar Bancorp Inc has a 1-year low of $30.82 and a 1-year high of $40.06. The company has a debt-to-equity ratio of 3.81, a quick ratio of 0.86 and a current ratio of 1.29.

Flagstar Bancorp (NYSE:FBC) last issued its earnings results on Tuesday, July 24th. The savings and loans company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. The business had revenue of $238.00 million for the quarter, compared to the consensus estimate of $243.68 million. Flagstar Bancorp had a net margin of 7.31% and a return on equity of 11.13%. analysts predict that Flagstar Bancorp Inc will post 3.06 earnings per share for the current year.

About Flagstar Bancorp

Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial, small business, 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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Institutional Ownership by Quarter for Flagstar Bancorp (NYSE:FBC)

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