Fmr LLC continued to hold its position in Flagstar Bancorp, Inc. (NYSE:FBC) during the first quarter, according to its most recent filing with the SEC. The firm owned 13,900 shares of the savings and loans company’s stock at the end of the first quarter. Fmr LLC’s holdings in Flagstar Bancorp were worth $392,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE raised its position in Flagstar Bancorp by 130.5% in the first quarter. US Bancorp DE now owns 4,182 shares of the savings and loans company’s stock valued at $118,000 after buying an additional 2,368 shares during the last quarter. Advisors Asset Management Inc. raised its position in Flagstar Bancorp by 20.1% in the first quarter. Advisors Asset Management Inc. now owns 4,229 shares of the savings and loans company’s stock valued at $119,000 after buying an additional 707 shares during the last quarter. Victory Capital Management Inc. raised its position in Flagstar Bancorp by 30.0% in the first quarter. Victory Capital Management Inc. now owns 5,247 shares of the savings and loans company’s stock valued at $148,000 after buying an additional 1,212 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new position in Flagstar Bancorp during the first quarter valued at about $203,000. Finally, Airain ltd acquired a new position in Flagstar Bancorp during the first quarter valued at about $303,000. Hedge funds and other institutional investors own 95.97% of the company’s stock.

Flagstar Bancorp, Inc. (NYSE:FBC) opened at 32.13 on Wednesday. Flagstar Bancorp, Inc. has a one year low of $25.06 and a one year high of $33.44. The company has a 50-day moving average of $31.08 and a 200-day moving average of $28.97. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 12.32 and a beta of 0.87.

Flagstar Bancorp (NYSE:FBC) last issued its earnings results on Tuesday, July 25th. The savings and loans company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.09. Flagstar Bancorp had a net margin of 16.52% and a return on equity of 10.29%. The firm had revenue of $97 million during the quarter, compared to analysts’ expectations of $87.95 million. During the same quarter last year, the company posted $0.66 earnings per share. The firm’s revenue was up 26.0% compared to the same quarter last year. On average, equities analysts forecast that Flagstar Bancorp, Inc. will post $2.36 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Fmr LLC Holds Stake in Flagstar Bancorp, Inc. (FBC)” was first posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/08/09/fmr-llc-holds-stake-in-flagstar-bancorp-inc-fbc.html.

A number of equities analysts recently weighed in on FBC shares. ValuEngine upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Piper Jaffray Companies restated a “buy” rating and issued a $35.00 price objective on shares of Flagstar Bancorp in a report on Wednesday, July 26th. FBR & Co restated an “outperform” rating and issued a $35.00 price objective (up from $32.00) on shares of Flagstar Bancorp in a report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Friday, July 28th. Finally, BidaskClub lowered shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $35.25.

Flagstar Bancorp Company 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.

Want to see what other hedge funds are holding FBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flagstar Bancorp, Inc. (NYSE:FBC).

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

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