Seawolf Capital Lowers stake in Flagstar Bancorp Inc (FBC)

Flagstar Bancorp Inc (FBC) : Seawolf Capital reduced its stake in Flagstar Bancorp Inc by 41.75% during the most recent quarter end. The investment management company now holds a total of 299,236 shares of Flagstar Bancorp Inc which is valued at $8,205,051 after selling 214,487 shares in Flagstar Bancorp Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Flagstar Bancorp Inc makes up approximately 6.23% of Seawolf Capital’s portfolio.

Other Hedge Funds, Including , A.r.t. Advisors boosted its stake in FBC in the latest quarter, The investment management firm added 7,700 additional shares and now holds a total of 34,170 shares of Flagstar Bancorp Inc which is valued at $936,941. Flagstar Bancorp Inc makes up approx 0.04% of A.r.t. Advisors’s portfolio.Parametric Portfolio Associates boosted its stake in FBC in the latest quarter, The investment management firm added 3,854 additional shares and now holds a total of 38,513 shares of Flagstar Bancorp Inc which is valued at $1,056,026. Advisors Asset Management added FBC to its portfolio by purchasing 1,079 company shares during the most recent quarter which is valued at $29,748.New Century Investment Management Inc reduced its stake in FBC by selling 694 shares or 1.55% in the most recent quarter. The Hedge Fund company now holds 44,120 shares of FBC which is valued at $1,175,798. Flagstar Bancorp Inc makes up approx 0.60% of New Century Investment Management Inc’s portfolio.

Flagstar Bancorp Inc closed down -0.29 points or -1.03% at $27.79 with 83,961 shares getting traded on Thursday. Post opening the session at $28.1, the shares hit an intraday low of $27.66 and an intraday high of $28.21 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Flagstar Bancorp Inc reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.57.Analysts expectations of $ 79.98.During the same quarter in the previous year, the company posted $0.68 EPS.

Many Wall Street Analysts have commented on Flagstar Bancorp Inc. Company shares were Reiterated by FBR Capital on Jul 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 30 from a previous price target of $28 .Flagstar Bancorp Inc was Downgraded by Piper Jaffray to ” Neutral” on Jul 27, 2016. Flagstar Bancorp Inc was Downgraded by Keefe Bruyette to ” Mkt Perform” on Jul 27, 2016.

Flagstar Bancorp Inc. is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary Flagstar Bank FSB (the Bank) a stock savings bank. The Company offers checking accounts savings accounts money market accounts certificates of deposit other services consumer loans commercial loans and warehouse lines of credit. The Company operates through segments including Mortgage Originations Mortgage Servicing and Community Banking. The Mortgage Originations segment originates acquires and sells one-to-four family residential mortgage loans. The Mortgage Servicing segment services and subservices mortgage loans on a fee basis for others. The Community Banking segment originates loans provides deposits and fee based services to consumer business and mortgage lending customers through its Branch Banking Business and Commercial Banking Government Banking Warehouse Lending and Held-for-Investment Portfolio groups.

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