Qube Research & Technologies Ltd Has $2.30 Million Stake in Flagstar Bancorp, Inc. (NYSE:FBC)

Qube Research & Technologies Ltd boosted its position in shares of Flagstar Bancorp, Inc. (NYSE:FBC) by 665.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,458 shares of the savings and loans company’s stock after buying an additional 47,342 shares during the period. Qube Research & Technologies Ltd’s holdings in Flagstar Bancorp were worth $2,302,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Versor Investments LP acquired a new stake in shares of Flagstar Bancorp in the 2nd quarter valued at approximately $79,639,000. Geode Capital Management LLC raised its holdings in Flagstar Bancorp by 16.7% during the 1st quarter. Geode Capital Management LLC now owns 869,875 shares of the savings and loans company’s stock worth $39,231,000 after purchasing an additional 124,296 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Flagstar Bancorp by 48.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 791,979 shares of the savings and loans company’s stock worth $35,718,000 after purchasing an additional 257,865 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Flagstar Bancorp by 75.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 744,017 shares of the savings and loans company’s stock worth $33,556,000 after purchasing an additional 319,495 shares during the last quarter. Finally, Alpine Associates Management Inc. bought a new position in Flagstar Bancorp during the 2nd quarter worth approximately $28,805,000. Hedge funds and other institutional investors own 93.20% of the company’s stock.

Shares of NYSE:FBC opened at $54.48 on Thursday. The company’s 50-day moving average is $50.14 and its 200 day moving average is $46.65. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.76 and a current ratio of 1.21. The company has a market capitalization of $2.88 billion, a P/E ratio of 4.45 and a beta of 1.70. Flagstar Bancorp, Inc. has a fifty-two week low of $28.93 and a fifty-two week high of $54.92.

Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings results on Tuesday, July 27th. The savings and loans company reported $2.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.80. Flagstar Bancorp had a net margin of 30.70% and a return on equity of 30.22%. The company had revenue of $435.00 million for the quarter, compared to the consensus estimate of $445.55 million. As a group, research analysts predict that Flagstar Bancorp, Inc. will post 9.78 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Wednesday, September 1st were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Tuesday, August 31st. Flagstar Bancorp’s dividend payout ratio (DPR) is 2.52%.

Several research firms have issued reports on FBC. B. Riley raised their price target on shares of Flagstar Bancorp from $55.00 to $76.00 and gave the stock a “buy” rating in a report on Monday, July 12th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Friday, July 30th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Flagstar Bancorp currently has a consensus rating of “Buy” and an average target price of $55.50.

Flagstar Bancorp Profile

Flagstar Bancorp, Incis a bank holding company, which engages in the provision of financial services. It operates through the following segments: Community Banking, Mortgage Originations, Mortgage Servicing, and Other. The Community Banking segment offers loans, deposits, checking and savings accounts, consumer and commercial loans, treasury management, equipment leasing, and capital markets services.

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

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