Flagstar Bancorp Inc (FBC) : Schneider Capital Management Corp reduced its stake in Flagstar Bancorp Inc by 46.61% during the most recent quarter end. The investment management company now holds a total of 674,688 shares of Flagstar Bancorp Inc which is valued at $18,499,945 after selling 588,898 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 3.16% of Schneider Capital Management Corp’s portfolio.
Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership boosted its stake in FBC in the latest quarter, The investment management firm added 63,025 additional shares and now holds a total of 261,304 shares of Flagstar Bancorp Inc which is valued at $7,164,956. Flagstar Bancorp Inc makes up approx 0.03% of Arrowstreet Capital Limited Partnership’s portfolio. Maltese Capital Management sold out all of its stake in FBC during the most recent quarter. The investment firm sold 20,000 shares of FBC which is valued $548,400.Lsv Asset Management boosted its stake in FBC in the latest quarter, The investment management firm added 6,000 additional shares and now holds a total of 105,727 shares of Flagstar Bancorp Inc which is valued at $2,887,404. Flagstar Bancorp Inc makes up approx 0.01% of Lsv Asset Management’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.