New York State Common Retirement Fund lowered its position in Flagstar Bancorp, Inc. (NYSE:FBC) by 34.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,636 shares of the savings and loans company’s stock after selling 19,766 shares during the quarter. New York State Common Retirement Fund’s holdings in Flagstar Bancorp were worth $1,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. SG Americas Securities LLC boosted its stake in Flagstar Bancorp by 33.3% in the third quarter. SG Americas Securities LLC now owns 294,186 shares of the savings and loans company’s stock worth $14,939,000 after buying an additional 73,492 shares in the last quarter. Maryland State Retirement & Pension System purchased a new stake in Flagstar Bancorp in the third quarter worth approximately $1,066,000. Amalgamated Bank lifted its position in Flagstar Bancorp by 6.0% in the third quarter. Amalgamated Bank now owns 25,198 shares of the savings and loans company’s stock valued at $1,280,000 after purchasing an additional 1,425 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Flagstar Bancorp by 80.6% in the third quarter. Commonwealth Equity Services LLC now owns 16,494 shares of the savings and loans company’s stock valued at $837,000 after purchasing an additional 7,363 shares during the last quarter. Finally, Texas Permanent School Fund lifted its position in Flagstar Bancorp by 10.5% in the third quarter. Texas Permanent School Fund now owns 39,104 shares of the savings and loans company’s stock valued at $1,986,000 after purchasing an additional 3,722 shares during the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.
Shares of FBC stock opened at $51.69 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 1.45. Flagstar Bancorp, Inc. has a fifty-two week low of $40.69 and a fifty-two week high of $56.77. The company has a 50 day moving average of $48.01. The company has a market capitalization of $2.73 billion, a P/E ratio of 4.62 and a beta of 1.56.
Flagstar Bancorp (NYSE:FBC) last announced its earnings results on Tuesday, October 26th. The savings and loans company reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $1.09. The company had revenue of $461.00 million during the quarter, compared to the consensus estimate of $179.93 million. Flagstar Bancorp had a return on equity of 26.10% and a net margin of 30.01%. During the same quarter in the prior year, the company earned $3.88 earnings per share. On average, equities analysts forecast that Flagstar Bancorp, Inc. will post 10.78 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 16th. Investors of record on Saturday, November 6th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, November 5th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.46%. Flagstar Bancorp’s dividend payout ratio is presently 2.14%.
Separately, Zacks Investment Research downgraded Flagstar Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday.
Flagstar Bancorp Company Profile
Flagstar Bancorp, Incis a bank holding company, which engages in the provision of financial services. It operates through the following segments: Community Banking, Mortgage Originations, Mortgage Servicing, and Other. The Community Banking segment offers loans, deposits, checking and savings accounts, consumer and commercial loans, treasury management, equipment leasing, and capital markets services.
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