BNP Paribas Arbitrage SA trimmed its holdings in shares of Flagstar Bancorp Inc (NYSE:FBC) by 6.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,418 shares of the savings and loans company’s stock after selling 436 shares during the period. BNP Paribas Arbitrage SA’s holdings in Flagstar Bancorp were worth $213,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. Royce & Associates LP bought a new position in Flagstar Bancorp during the first quarter valued at about $40,000. Campbell & CO Investment Adviser LLC bought a new position in Flagstar Bancorp during the first quarter valued at about $217,000. SG Americas Securities LLC boosted its stake in Flagstar Bancorp by 47.9% during the first quarter. SG Americas Securities LLC now owns 7,104 shares of the savings and loans company’s stock valued at $234,000 after buying an additional 2,300 shares in the last quarter. Piedmont Investment Advisors Inc. bought a new position in Flagstar Bancorp during the first quarter valued at about $238,000. Finally, Bailard Inc. bought a new position in Flagstar Bancorp during the second quarter valued at about $288,000. 96.86% of the stock is currently owned by institutional investors.
NYSE:FBC opened at $37.34 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 2.14. Flagstar Bancorp Inc has a 1-year low of $25.30 and a 1-year high of $37.98. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 12.36 and a beta of 1.26. The stock has a fifty day simple moving average of $35.57 and a 200 day simple moving average of $33.79.
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings results on Tuesday, July 23rd. The savings and loans company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.24. Flagstar Bancorp had a return on equity of 10.70% and a net margin of 16.26%. The business had revenue of $306.00 million during the quarter, compared to analyst estimates of $270.32 million. During the same quarter last year, the company posted $0.85 EPS. Equities analysts predict that Flagstar Bancorp Inc will post 3.22 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.43%. Flagstar Bancorp’s payout ratio is presently 5.30%.
Separately, Zacks Investment Research cut Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $37.20.
Flagstar Bancorp Company Profile
Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial 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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