Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Flagstar Bancorp, Inc. (NYSE:FBC) by 673.2% in the fourth quarter, HoldingsChannel reports. The firm owned 216,500 shares of the savings and loans company’s stock after buying an additional 188,500 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Flagstar Bancorp were worth $8,825,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in FBC. Public Employees Retirement System of Ohio boosted its position in Flagstar Bancorp by 5.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,853 shares of the savings and loans company’s stock valued at $173,000 after buying an additional 325 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Flagstar Bancorp by 2.2% in the third quarter. The Manufacturers Life Insurance Company now owns 21,980 shares of the savings and loans company’s stock valued at $651,000 after acquiring an additional 469 shares in the last quarter. Sigma Planning Corp boosted its holdings in Flagstar Bancorp by 8.4% in the fourth quarter. Sigma Planning Corp now owns 10,246 shares of the savings and loans company’s stock valued at $418,000 after purchasing an additional 790 shares during the period. Aperio Group LLC increased its holdings in Flagstar Bancorp by 5.5% during the 4th quarter. Aperio Group LLC now owns 18,537 shares of the savings and loans company’s stock worth $756,000 after purchasing an additional 962 shares during the period. Finally, IndexIQ Advisors LLC boosted its stake in shares of Flagstar Bancorp by 11.5% in the 4th quarter. IndexIQ Advisors LLC now owns 10,562 shares of the savings and loans company’s stock valued at $431,000 after buying an additional 1,090 shares during the period. 95.76% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:FBC opened at $45.14 on Thursday. The company has a current ratio of 1.22, a quick ratio of 0.83 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $2.38 billion, a P/E ratio of 5.85 and a beta of 1.79. The firm has a 50-day moving average price of $45.92 and a two-hundred day moving average price of $39.33. Flagstar Bancorp, Inc. has a twelve month low of $18.67 and a twelve month high of $51.58.
Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings data on Wednesday, January 20th. The savings and loans company reported $2.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.36 by $0.47. Flagstar Bancorp had a net margin of 22.44% and a return on equity of 22.68%. The business had revenue of $526.00 million during the quarter, compared to analysts’ expectations of $497.73 million. On average, equities research analysts predict that Flagstar Bancorp, Inc. will post 9.11 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Monday, March 1st were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.53%. This is a boost from Flagstar Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, February 26th. Flagstar Bancorp’s payout ratio is 6.94%.
Several research analysts have recently issued reports on FBC shares. Compass Point upped their target price on shares of Flagstar Bancorp from $44.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, December 17th. B. Riley lifted their price objective on shares of Flagstar Bancorp from $46.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 22nd. Raymond James lifted their price objective on Flagstar Bancorp from $56.00 to $60.00 and gave the company a “strong-buy” rating in a report on Monday, January 25th. Finally, Zacks Investment Research lowered shares of Flagstar Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 29th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $49.67.
About Flagstar Bancorp
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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