Flagstar Bancorp Inc (FBC) : Schneider Capital Management Corp reduced its stake in Flagstar Bancorp Inc by 16.62% during the most recent quarter end. The investment management company now holds a total of 1,263,586 shares of Flagstar Bancorp Inc which is valued at $28.9 Million after selling 251,923 shares in Flagstar Bancorp Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Flagstar Bancorp Inc makes up approximately 5.30% of Schneider Capital Management Corp’s portfolio.
Other Hedge Funds, Including , Alliancebernstein boosted its stake in FBC in the latest quarter, The investment management firm added 18,207 additional shares and now holds a total of 29,400 shares of Flagstar Bancorp Inc which is valued at $672,966. Zacks Investment Management sold out all of its stake in FBC during the most recent quarter. The investment firm sold 42,499 shares of FBC which is valued $972,802. Scotia Capital sold out all of its stake in FBC during the most recent quarter. The investment firm sold 13,703 shares of FBC which is valued $313,662. Princeton Alpha Management Lp sold out all of its stake in FBC during the most recent quarter. The investment firm sold 15,022 shares of FBC which is valued $346,708.
Flagstar Bancorp Inc opened for trading at $23.96 and hit $24.115 on the upside on Wednesday, eventually ending the session at $23.97, with a gain of 0.42% or 0.1 points. The heightened volatility saw the trading volume jump to 87,740 shares. Company has a market cap of $1,356 M.
On the company’s financial health, Flagstar Bancorp Inc reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.38.Analysts expectations of $ 77.25.During the same quarter in the previous year, the company posted $.43 EPS.
Many Wall Street Analysts have commented on Flagstar Bancorp Inc. Company shares were Reiterated by Compass Point on May 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 25 from a previous price target of $23 .Flagstar Bancorp Inc was Initiated by Piper Jaffray to “Overweight” on Mar 11, 2016. Flagstar Bancorp Inc was Initiated by Sterne Agee CRT to “Buy” on Mar 1, 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.