Tower Research Capital LLC TRC boosted its stake in Flagstar Bancorp Inc (NYSE:FBC) by 74.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,176 shares of the savings and loans company’s stock after purchasing an additional 5,191 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Flagstar Bancorp were worth $418,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in Flagstar Bancorp by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,033,251 shares of the savings and loans company’s stock worth $138,181,000 after purchasing an additional 345,602 shares during the period. BlackRock Inc. boosted its position in shares of Flagstar Bancorp by 50.1% during the 2nd quarter. BlackRock Inc. now owns 2,319,761 shares of the savings and loans company’s stock valued at $79,474,000 after acquiring an additional 774,298 shares during the last quarter. EJF Capital LLC boosted its position in shares of Flagstar Bancorp by 48.8% during the 2nd quarter. EJF Capital LLC now owns 1,572,675 shares of the savings and loans company’s stock valued at $53,880,000 after acquiring an additional 515,678 shares during the last quarter. Nuveen Asset Management LLC boosted its position in shares of Flagstar Bancorp by 12.3% during the 1st quarter. Nuveen Asset Management LLC now owns 1,175,117 shares of the savings and loans company’s stock valued at $41,599,000 after acquiring an additional 128,297 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Flagstar Bancorp by 36.5% during the 2nd quarter. Renaissance Technologies LLC now owns 992,112 shares of the savings and loans company’s stock valued at $33,990,000 after acquiring an additional 265,100 shares during the last quarter. Institutional investors and hedge funds own 93.77% of the company’s stock.

A number of brokerages have recently issued reports on FBC. ValuEngine downgraded Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, June 11th. Stephens reiterated a “hold” rating on shares of Flagstar Bancorp in a research report on Monday, June 11th. Sandler O’Neill reiterated a “buy” rating and set a $41.00 price target on shares of Flagstar Bancorp in a research report on Thursday, July 26th. Zacks Investment Research downgraded Flagstar Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Boenning Scattergood reiterated a “buy” rating and set a $41.00 price target on shares of Flagstar Bancorp in a research report on Wednesday, June 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $41.57.

In related news, COO Lee Matthew Smith sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $31.43, for a total value of $94,290.00. Following the completion of the sale, the chief operating officer now owns 90,630 shares in the company, valued at approximately $2,848,500.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 9,000 shares of company stock valued at $299,340 in the last 90 days. 62.90% of the stock is currently owned by corporate insiders.

Shares of FBC opened at $31.45 on Thursday. The stock has a market cap of $1.80 billion, a PE ratio of 11.34 and a beta of 0.98. The company has a quick ratio of 0.86, a current ratio of 1.29 and a debt-to-equity ratio of 3.81. Flagstar Bancorp Inc has a 12-month low of $30.82 and a 12-month high of $40.06.

Flagstar Bancorp (NYSE:FBC) last released 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 company had revenue of $238.00 million during the quarter, compared to the consensus estimate of $243.68 million. Flagstar Bancorp had a return on equity of 11.13% and a net margin of 7.31%. equities analysts forecast that Flagstar Bancorp Inc will post 3.06 earnings per share for the current year.

Flagstar Bancorp Profile

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.

Recommended Story: How can investors find ex-dividend dates?

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

Receive News & Ratings for Flagstar Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flagstar Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.