IndexIQ Advisors LLC reduced its position in Flagstar Bancorp Inc (NYSE:FBC) by 24.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,639 shares of the savings and loans company’s stock after selling 7,821 shares during the period. IndexIQ Advisors LLC’s holdings in Flagstar Bancorp were worth $942,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. B & T Capital Management DBA Alpha Capital Management purchased a new stake in Flagstar Bancorp during the third quarter valued at approximately $30,000. Resources Management Corp CT ADV purchased a new stake in Flagstar Bancorp during the third quarter valued at approximately $37,000. DekaBank Deutsche Girozentrale purchased a new stake in Flagstar Bancorp during the fourth quarter valued at approximately $43,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Flagstar Bancorp by 60.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,541 shares of the savings and loans company’s stock valued at $97,000 after purchasing an additional 956 shares during the period. Finally, US Bancorp DE raised its position in Flagstar Bancorp by 87.8% during the fourth quarter. US Bancorp DE now owns 5,352 shares of the savings and loans company’s stock valued at $205,000 after purchasing an additional 2,502 shares during the period. Institutional investors and hedge funds own 85.32% of the company’s stock.
Shares of FBC stock opened at $35.85 on Friday. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.22 and a quick ratio of 0.82. The stock’s 50 day simple moving average is $37.11 and its two-hundred day simple moving average is $36.81. Flagstar Bancorp Inc has a 1 year low of $30.62 and a 1 year high of $40.00. The company has a market cap of $2.05 billion, a PE ratio of 10.50 and a beta of 1.25.
Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings results on Tuesday, January 28th. The savings and loans company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.05. Flagstar Bancorp had a return on equity of 11.79% and a net margin of 15.53%. The firm had revenue of $314.00 million for the quarter, compared to the consensus estimate of $306.93 million. During the same period in the prior year, the business posted $0.72 earnings per share. Equities research analysts expect that Flagstar Bancorp Inc will post 3.78 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.56%. This is an increase from Flagstar Bancorp’s previous quarterly dividend of $0.04. The ex-dividend date is Friday, February 28th. Flagstar Bancorp’s dividend payout ratio is presently 4.62%.
In other Flagstar Bancorp news, EVP James Ciroli purchased 1,000 shares of Flagstar Bancorp stock in a transaction dated Wednesday, January 29th. The shares were purchased at an average cost of $35.35 per share, for a total transaction of $35,350.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 49.90% of the company’s stock.
FBC has been the topic of a number of recent research reports. Wedbush restated an “outperform” rating on shares of Flagstar Bancorp in a research report on Thursday, February 6th. ValuEngine upgraded Flagstar Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 21st. Finally, Raymond James upped their price objective on Flagstar Bancorp from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.25.
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.
Featured Story: How does the Beige Book influence monetary policy?
Want to see what other hedge funds are holding FBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flagstar Bancorp Inc (NYSE:FBC).
Receive News & Ratings for Flagstar Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flagstar Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.