Adams Diversified Equity Fund Inc. decreased its stake in Flagstar Bancorp, Inc. (NYSE:FBC) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,900 shares of the savings and loans company’s stock after selling 1,400 shares during the period. Adams Diversified Equity Fund Inc. owned 0.07% of Flagstar Bancorp worth $1,380,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Flagstar Bancorp by 5.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 103,336 shares of the savings and loans company’s stock valued at $3,185,000 after buying an additional 5,400 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Flagstar Bancorp by 5.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 90,702 shares of the savings and loans company’s stock valued at $2,557,000 after buying an additional 4,605 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Flagstar Bancorp by 11.7% in the 1st quarter. Bank of New York Mellon Corp now owns 206,513 shares of the savings and loans company’s stock valued at $5,822,000 after buying an additional 21,682 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Flagstar Bancorp by 2.7% in the 1st quarter. Bank of America Corp DE now owns 116,669 shares of the savings and loans company’s stock valued at $3,289,000 after buying an additional 3,079 shares in the last quarter. Finally, Systematic Financial Management LP acquired a new position in shares of Flagstar Bancorp in the 2nd quarter valued at $1,815,000. Institutional investors and hedge funds own 96.30% of the company’s stock.

A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Thursday, October 26th. Boenning Scattergood reiterated a “buy” rating on shares of Flagstar Bancorp in a research note on Thursday, October 26th. FBR & Co reiterated a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Flagstar Bancorp in a research note on Wednesday, October 25th. Piper Jaffray Companies reiterated a “buy” rating and set a $40.00 price target on shares of Flagstar Bancorp in a research note on Thursday, October 19th. Finally, ValuEngine cut shares of Flagstar Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $39.00.

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Shares of Flagstar Bancorp, Inc. (FBC) traded down 0.48% during mid-day trading on Wednesday, reaching $37.19. 18,939 shares of the company were exchanged. Flagstar Bancorp, Inc. has a 12 month low of $25.06 and a 12 month high of $38.26. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 14.25 and a beta of 0.83. The company’s 50-day moving average is $35.46 and its 200 day moving average is $31.89.

Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings data on Tuesday, October 24th. The savings and loans company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.91%. The firm had revenue of $103.00 million during the quarter, compared to the consensus estimate of $100.80 million. During the same quarter in the previous year, the company posted $0.96 earnings per share. The firm’s revenue was up 28.8% on a year-over-year basis. Analysts predict that Flagstar Bancorp, Inc. will post $2.41 EPS for the current year.

Flagstar Bancorp 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.

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

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