Dupont Capital Management Corp Sells 43,480 Shares of Flagstar Bancorp Inc (NYSE:FBC)
Dupont Capital Management Corp trimmed its position in Flagstar Bancorp Inc (NYSE:FBC) by 65.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,479 shares of the savings and loans company’s stock after selling 43,480 shares during the period. Dupont Capital Management Corp’s holdings in Flagstar Bancorp were worth $662,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Strs Ohio lifted its holdings in shares of Flagstar Bancorp by 7.4% in the second quarter. Strs Ohio now owns 24,600 shares of the savings and loans company’s stock valued at $723,000 after purchasing an additional 1,700 shares in the last quarter. Denali Advisors LLC lifted its holdings in shares of Flagstar Bancorp by 30.5% in the second quarter. Denali Advisors LLC now owns 77,900 shares of the savings and loans company’s stock valued at $2,293,000 after purchasing an additional 18,200 shares in the last quarter. Thompson Investment Management Inc. lifted its holdings in shares of Flagstar Bancorp by 10.3% in the second quarter. Thompson Investment Management Inc. now owns 16,000 shares of the savings and loans company’s stock valued at $471,000 after purchasing an additional 1,490 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Flagstar Bancorp in the second quarter valued at about $2,902,000. Finally, SG Americas Securities LLC increased its position in shares of Flagstar Bancorp by 95.1% in the second quarter. SG Americas Securities LLC now owns 21,905 shares of the savings and loans company’s stock valued at $645,000 after acquiring an additional 10,675 shares during the last quarter. Institutional investors own 96.57% of the company’s stock.
FBC has been the topic of a number of recent research reports. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research report on Tuesday, July 7th. Wedbush lowered their target price on Flagstar Bancorp from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. B. Riley lifted their target price on Flagstar Bancorp from $33.00 to $41.00 in a research report on Wednesday. Raymond James lifted their target price on Flagstar Bancorp from $35.00 to $40.00 and gave the company a “strong-buy” rating in a research report on Friday. Finally, ValuEngine downgraded Flagstar Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $37.40.
Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings results on Tuesday, July 28th. The savings and loans company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.65. The firm had revenue of $168.00 million for the quarter, compared to the consensus estimate of $146.17 million. Flagstar Bancorp had a return on equity of 15.43% and a net margin of 16.78%. The business’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 earnings per share. As a group, research analysts anticipate that Flagstar Bancorp Inc will post 5.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Monday, August 31st. Flagstar Bancorp’s dividend payout ratio (DPR) is presently 5.78%.
About Flagstar Bancorp
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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