Flagstar Bancorp Inc (NYSE:FBC) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 1,069,900 shares, a decline of 13.8% from the June 30th total of 1,241,900 shares. Approximately 3.6% of the company’s shares are short sold. Based on an average daily volume of 229,700 shares, the days-to-cover ratio is currently 4.7 days.
Shares of Flagstar Bancorp stock traded up $0.82 on Thursday, hitting $35.00. The company had a trading volume of 460,100 shares, compared to its average volume of 300,925. The firm has a market capitalization of $1.92 billion, a P/E ratio of 11.59 and a beta of 1.24. Flagstar Bancorp has a twelve month low of $25.30 and a twelve month high of $36.16. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.09 and a quick ratio of 0.82. The stock has a 50-day moving average of $33.61 and a 200-day moving average of $33.09.
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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.24. The company had revenue of $306.00 million during the quarter, compared to analysts’ expectations of $270.32 million. Flagstar Bancorp had a net margin of 16.26% and a return on equity of 10.70%. During the same quarter in the prior year, the company earned $0.85 earnings per share. Equities analysts predict that Flagstar Bancorp will post 3.09 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Friday, August 30th. Flagstar Bancorp’s dividend payout ratio is presently 5.30%.
A number of research analysts recently issued reports on FBC shares. Piper Jaffray Companies cut shares of Flagstar Bancorp from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $37.00 to $35.00 in a report on Thursday, April 25th. Zacks Investment Research cut shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $37.20.
Several hedge funds have recently made changes to their positions in the company. Nuveen Asset Management LLC grew its stake in shares of Flagstar Bancorp by 15.3% in the second quarter. Nuveen Asset Management LLC now owns 1,436,503 shares of the savings and loans company’s stock valued at $47,605,000 after acquiring an additional 190,825 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Flagstar Bancorp by 14.4% in the second quarter. UBS Asset Management Americas Inc. now owns 33,678 shares of the savings and loans company’s stock valued at $1,116,000 after acquiring an additional 4,251 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Flagstar Bancorp in the second quarter valued at about $55,000. Cubist Systematic Strategies LLC acquired a new position in shares of Flagstar Bancorp in the second quarter valued at about $167,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Flagstar Bancorp in the second quarter valued at about $3,327,000. 98.71% of the stock is currently owned by institutional investors and hedge funds.
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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