Macquarie Group Ltd. Invests $291,000 in Flagstar Bancorp Inc (FBC) Stock

Macquarie Group Ltd. bought a new stake in Flagstar Bancorp Inc (NYSE:FBC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 8,200 shares of the savings and loans company’s stock, valued at approximately $291,000.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Flagstar Bancorp in the 3rd quarter worth approximately $144,000. US Bancorp DE lifted its holdings in shares of Flagstar Bancorp by 0.5% in the 2nd quarter. US Bancorp DE now owns 4,205 shares of the savings and loans company’s stock worth $130,000 after acquiring an additional 23 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Flagstar Bancorp by 105.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,281 shares of the savings and loans company’s stock worth $132,000 after acquiring an additional 2,193 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Flagstar Bancorp by 13.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,811 shares of the savings and loans company’s stock worth $148,000 after acquiring an additional 582 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Flagstar Bancorp by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 5,183 shares of the savings and loans company’s stock worth $159,000 after acquiring an additional 225 shares during the last quarter. Institutional investors own 97.55% of the company’s stock.

FBC has been the topic of several recent analyst reports. Piper Jaffray Companies restated a “buy” rating and issued a $35.00 price objective on shares of Flagstar Bancorp in a report on Monday, August 28th. ValuEngine upgraded shares of Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Monday, September 18th. B. Riley restated a “buy” rating on shares of Flagstar Bancorp in a report on Wednesday, November 1st. Finally, Boenning Scattergood set a $40.00 price objective on shares of Flagstar Bancorp and gave the stock a “buy” rating in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. Flagstar Bancorp currently has an average rating of “Buy” and a consensus price target of $39.57.

In other Flagstar Bancorp news, COO Lee Matthew Smith sold 3,000 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $36.60, for a total transaction of $109,800.00. Following the sale, the chief operating officer now directly owns 70,254 shares in the company, valued at approximately $2,571,296.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. 63.00% of the stock is owned by corporate insiders.

Shares of Flagstar Bancorp Inc (NYSE FBC) opened at $37.41 on Monday. The stock has a market cap of $2,139.18, a P/E ratio of 15.85 and a beta of 1.05. Flagstar Bancorp Inc has a fifty-two week low of $25.06 and a fifty-two week high of $38.79. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 4.04.

Flagstar Bancorp (NYSE:FBC) last released its earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.01. The company had revenue of $103.00 million for the quarter, compared to analyst estimates of $100.80 million. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.77%. The firm’s quarterly revenue was up 28.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. equities analysts predict that Flagstar Bancorp Inc will post 2.37 earnings per share for the current year.

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Flagstar Bancorp Company 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.

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

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