Prudential Financial Inc. Lowers Position in Flagstar Bancorp, Inc. (FBC)

Prudential Financial Inc. decreased its position in Flagstar Bancorp, Inc. (NYSE:FBC) by 45.0% during the first quarter, Holdings Channel reports. The institutional investor owned 212,700 shares of the savings and loans company’s stock after selling 174,280 shares during the period. Prudential Financial Inc.’s holdings in Flagstar Bancorp were worth $5,996,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. US Bancorp DE boosted its stake in shares of Flagstar Bancorp by 130.5% in the first quarter. US Bancorp DE now owns 4,182 shares of the savings and loans company’s stock worth $118,000 after buying an additional 2,368 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Flagstar Bancorp by 20.1% in the first quarter. Advisors Asset Management Inc. now owns 4,229 shares of the savings and loans company’s stock worth $119,000 after buying an additional 707 shares in the last quarter. UBS Asset Management Americas Inc. bought a new stake in shares of Flagstar Bancorp during the first quarter worth about $203,000. Airain ltd bought a new stake in shares of Flagstar Bancorp during the first quarter worth about $303,000. Finally, FMR LLC bought a new stake in shares of Flagstar Bancorp during the fourth quarter worth about $374,000. Institutional investors own 96.37% of the company’s stock.

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

Shares of Flagstar Bancorp, Inc. (FBC) opened at 31.12 on Tuesday. Flagstar Bancorp, Inc. has a 1-year low of $21.78 and a 1-year high of $31.57. The company has a 50-day moving average price of $29.79 and a 200-day moving average price of $28.09. The company has a market cap of $1.78 billion, a PE ratio of 12.07 and a beta of 0.90.

Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings data on Tuesday, April 25th. The savings and loans company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.10. Flagstar Bancorp had a return on equity of 10.74% and a net margin of 17.51%. The business had revenue of $183 million for the quarter, compared to analysts’ expectations of $172.90 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Equities research analysts expect that Flagstar Bancorp, Inc. will post $2.24 earnings per share for the current fiscal year.

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FBC has been the topic of a number of analyst reports. TheStreet upgraded Flagstar Bancorp from a “c+” rating to a “b” rating in a research note on Wednesday, May 17th. ValuEngine upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Boenning Scattergood reiterated a “buy” rating on shares of Flagstar Bancorp in a research note on Tuesday, June 13th. Stephens initiated coverage on Flagstar Bancorp in a research note on Thursday, March 23rd. They set an “equal weight” rating on the stock. Finally, Zacks Investment Research upgraded Flagstar Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.17.

About Flagstar Bancorp

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FBC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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