Nationwide Fund Advisors cut its position in Flagstar Bancorp Inc (NYSE:FBC) by 2.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,844 shares of the savings and loans company’s stock after selling 1,896 shares during the quarter. Nationwide Fund Advisors owned approximately 0.16% of Flagstar Bancorp worth $3,259,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FBC. US Bancorp DE increased its holdings in shares of 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 valued at $130,000 after acquiring an additional 23 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Flagstar Bancorp by 105.0% during the second quarter. BNP Paribas Arbitrage SA now owns 4,281 shares of the savings and loans company’s stock valued at $132,000 after acquiring an additional 2,193 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Flagstar Bancorp by 13.8% during 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. Legal & General Group Plc increased its holdings in shares of Flagstar Bancorp by 4.5% during the second quarter. Legal & General Group Plc now owns 5,183 shares of the savings and loans company’s stock valued at $159,000 after acquiring an additional 225 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Flagstar Bancorp by 17.6% during the second quarter. Victory Capital Management Inc. now owns 6,173 shares of the savings and loans company’s stock valued at $190,000 after acquiring an additional 926 shares in the last quarter. Institutional investors and hedge funds own 97.53% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Thursday, September 7th. B. Riley restated a “buy” rating on shares of Flagstar Bancorp in a report on Wednesday, November 1st. ValuEngine upgraded shares of Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Boenning Scattergood restated a “buy” rating on shares of Flagstar Bancorp in a report on Thursday, October 26th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $40.00 price objective on shares of Flagstar Bancorp in a report on Thursday, October 19th. One equities 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 stock. The company has a consensus rating of “Buy” and a consensus target price of $39.57.

In related news, COO Lee Matthew Smith sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $36.60, for a total value of $109,800.00. Following the sale, the chief operating officer now owns 70,254 shares in the company, valued at $2,571,296.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. 63.00% of the stock is owned by corporate insiders.

Shares of Flagstar Bancorp Inc (FBC) opened at $37.47 on Tuesday. The company has a market capitalization of $2,139.16, a P/E ratio of 15.85 and a beta of 1.05. Flagstar Bancorp Inc has a 52-week low of $25.06 and a 52-week high of $38.79. 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 (NYSE:FBC) last issued its earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.01. The firm had revenue of $103.00 million for 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%. Flagstar Bancorp’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 earnings per share. equities analysts expect that Flagstar Bancorp Inc will post 2.37 EPS for the current year.

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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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