Flagstar Bancorp Inc (NYSE:FBC) Short Interest Down 13.8% in July

Flagstar Bancorp Inc (NYSE:FBC) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 1,069,900 shares, a drop of 13.8% from the June 30th total of 1,241,900 shares. Based on an average daily trading volume, of 229,700 shares, the days-to-cover ratio is currently 4.7 days. Approximately 3.6% of the company’s shares are sold short.

A number of institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors acquired a new stake in shares of Flagstar Bancorp during the 2nd quarter worth approximately $33,000. Royce & Associates LP acquired a new stake in shares of Flagstar Bancorp during the 1st quarter worth approximately $40,000. Point72 Hong Kong Ltd acquired a new stake in shares of Flagstar Bancorp during the 2nd quarter worth approximately $55,000. Tower Research Capital LLC TRC acquired a new stake in shares of Flagstar Bancorp during the 2nd quarter worth approximately $76,000. Finally, Aperio Group LLC acquired a new stake in shares of Flagstar Bancorp during the 2nd quarter worth approximately $115,000. Hedge funds and other institutional investors own 98.71% of the company’s stock.

A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. Piper Jaffray Companies lowered shares of Flagstar Bancorp from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $37.00 to $35.00 in a report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $37.20.

Flagstar Bancorp stock traded up $0.82 during mid-day trading on Thursday, hitting $35.00. 460,100 shares of the stock were exchanged, compared to its average volume of 300,925. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 2.14. Flagstar Bancorp has a 12 month low of $25.30 and a 12 month high of $36.16. The firm’s fifty day simple moving average is $33.61 and its two-hundred day simple moving average is $33.09. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 11.59 and a beta of 1.24.

Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings results on Tuesday, July 23rd. The savings and loans company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.24. Flagstar Bancorp had a net margin of 16.26% and a return on equity of 10.70%. The firm had revenue of $306.00 million during the quarter, compared to analyst estimates of $270.32 million. During the same quarter last year, the business earned $0.85 EPS. As a group, analysts forecast that Flagstar Bancorp will post 3.09 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.04 per share. The ex-dividend date is Friday, August 30th. This represents a $0.16 annualized dividend and a yield of 0.46%. Flagstar Bancorp’s payout ratio is 5.30%.

Flagstar Bancorp Company Profile

Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial 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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