Parametric Portfolio Associates LLC increased its position in Flagstar Bancorp, Inc. (NYSE:FBC) by 20.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,438 shares of the savings and loans company’s stock after buying an additional 17,524 shares during the period. Parametric Portfolio Associates LLC owned 0.18% of Flagstar Bancorp worth $3,157,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. US Bancorp DE grew its stake in shares of Flagstar Bancorp by 0.5% in 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 period. UBS Group AG grew its stake in shares of Flagstar Bancorp by 0.7% in the 1st quarter. UBS Group AG now owns 11,500 shares of the savings and loans company’s stock valued at $324,000 after buying an additional 83 shares during the period. Legal & General Group Plc grew its stake in shares of Flagstar Bancorp by 4.5% in 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 period. Rhumbline Advisers grew its stake in shares of Flagstar Bancorp by 2.1% in the 2nd quarter. Rhumbline Advisers now owns 27,702 shares of the savings and loans company’s stock valued at $854,000 after buying an additional 568 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of Flagstar Bancorp by 13.8% in 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 period. Institutional investors own 96.30% of the company’s stock.

Flagstar Bancorp (NYSE:FBC) last posted its quarterly 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. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.91%. The firm had revenue of $103.00 million for the quarter, compared to analysts’ expectations of $100.80 million. During the same quarter in the prior year, the company posted $0.96 earnings per share. The business’s revenue for the quarter was up 28.8% on a year-over-year basis.

Several brokerages have recently commented on FBC. Boenning Scattergood restated a “buy” rating on shares of Flagstar Bancorp in a research note on Thursday, October 26th. ValuEngine raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $35.00 price target on shares of Flagstar Bancorp in a research report on Friday, October 6th. Zacks Investment Research raised shares of 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 cut shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $39.00.

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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.

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

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