Rhumbline Advisers raised its holdings in shares of Flagstar Bancorp Inc (NYSE:FBC) by 35.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,353 shares of the savings and loans company’s stock after purchasing an additional 8,183 shares during the period. Rhumbline Advisers’ holdings in Flagstar Bancorp were worth $1,074,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FBC. Wells Fargo & Company MN increased its position in shares of Flagstar Bancorp by 55.9% during the first quarter. Wells Fargo & Company MN now owns 72,735 shares of the savings and loans company’s stock worth $2,576,000 after purchasing an additional 26,067 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Flagstar Bancorp during the first quarter worth $120,000. American Century Companies Inc. increased its position in shares of Flagstar Bancorp by 1.8% during the first quarter. American Century Companies Inc. now owns 185,683 shares of the savings and loans company’s stock worth $6,573,000 after purchasing an additional 3,344 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Flagstar Bancorp by 3.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 105,681 shares of the savings and loans company’s stock worth $3,742,000 after purchasing an additional 3,305 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Flagstar Bancorp by 52.9% during the first quarter. KBC Group NV now owns 41,727 shares of the savings and loans company’s stock worth $1,477,000 after purchasing an additional 14,430 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

NYSE FBC opened at $31.15 on Tuesday. The company has a debt-to-equity ratio of 3.81, a quick ratio of 0.86 and a current ratio of 1.29. Flagstar Bancorp Inc has a 1 year low of $30.82 and a 1 year high of $40.06. The firm has a market capitalization of $1.79 billion, a P/E ratio of 11.28 and a beta of 0.98.

Flagstar Bancorp (NYSE:FBC) last released its earnings results on Tuesday, July 24th. The savings and loans company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. Flagstar Bancorp had a return on equity of 11.13% and a net margin of 7.31%. The firm had revenue of $238.00 million for the quarter, compared to the consensus estimate of $243.68 million. analysts expect that Flagstar Bancorp Inc will post 3.06 earnings per share for the current fiscal year.

In related news, COO Lee Matthew Smith sold 3,000 shares of the company’s stock in a transaction on Monday, June 25th. The stock was sold at an average price of $34.97, for a total value of $104,910.00. Following the transaction, the chief operating officer now directly owns 99,630 shares of the company’s stock, valued at approximately $3,484,061.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 9,000 shares of company stock worth $309,960. 62.90% of the stock is owned by insiders.

FBC has been the topic of a number of recent analyst reports. B. Riley upped their price target on Flagstar Bancorp from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Zacks Investment Research raised Flagstar Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. Sandler O’Neill raised Flagstar Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, June 7th. ValuEngine downgraded Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, June 11th. Finally, Keefe, Bruyette & Woods raised Flagstar Bancorp from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. Flagstar Bancorp currently has an average rating of “Buy” and an average price target of $41.57.

About Flagstar Bancorp

Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial, small business, 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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Institutional Ownership by Quarter for Flagstar Bancorp (NYSE:FBC)

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