Algert Global LLC Acquires 1,613 Shares of Flagstar Bancorp, Inc. (NYSE:FBC)

Algert Global LLC lifted its holdings in shares of Flagstar Bancorp, Inc. (NYSE:FBC) by 12.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 14,643 shares of the savings and loans company’s stock after purchasing an additional 1,613 shares during the quarter. Algert Global LLC’s holdings in Flagstar Bancorp were worth $619,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of FBC. Versor Investments LP bought a new position in shares of Flagstar Bancorp during the 2nd quarter worth approximately $79,639,000. Alpine Associates Management Inc. bought a new position in shares of Flagstar Bancorp during the 2nd quarter worth approximately $28,805,000. Alliancebernstein L.P. boosted its stake in shares of Flagstar Bancorp by 345.3% during the 2nd quarter. Alliancebernstein L.P. now owns 645,988 shares of the savings and loans company’s stock worth $27,306,000 after acquiring an additional 500,922 shares during the period. Citigroup Inc. lifted its holdings in Flagstar Bancorp by 1,026.6% during the 2nd quarter. Citigroup Inc. now owns 447,263 shares of the savings and loans company’s stock worth $18,906,000 after purchasing an additional 407,561 shares during the last quarter. Finally, IndexIQ Advisors LLC lifted its holdings in Flagstar Bancorp by 3,894.4% during the 2nd quarter. IndexIQ Advisors LLC now owns 355,144 shares of the savings and loans company’s stock worth $15,012,000 after purchasing an additional 346,253 shares during the last quarter. Institutional investors own 93.20% of the company’s stock.

Several research firms recently weighed in on FBC. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Friday, July 30th. B. Riley lifted their price target on 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $55.50.

Shares of Flagstar Bancorp stock traded up $0.48 during trading on Thursday, reaching $54.96. 241 shares of the company’s stock were exchanged, compared to its average volume of 581,877. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.76 and a current ratio of 1.21. Flagstar Bancorp, Inc. has a 1-year low of $28.93 and a 1-year high of $54.92. The company has a market cap of $2.91 billion, a P/E ratio of 4.45 and a beta of 1.70. The firm’s 50-day moving average price is $50.14 and its 200 day moving average price is $46.65.

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

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

Flagstar Bancorp Company 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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