Flagstar Bancorp Inc (FBC) Shares Sold by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. trimmed its holdings in shares of Flagstar Bancorp Inc (NYSE:FBC) by 4.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,044 shares of the savings and loans company’s stock after selling 6,200 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.22% of Flagstar Bancorp worth $4,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in FBC. US Bancorp DE grew its stake in Flagstar Bancorp by 0.5% during the 2nd quarter. US Bancorp DE now owns 4,205 shares of the savings and loans company’s stock valued at $130,000 after purchasing an additional 23 shares during the last quarter. Legal & General Group Plc grew its stake in Flagstar Bancorp by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 5,183 shares of the savings and loans company’s stock valued at $159,000 after purchasing an additional 225 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Flagstar Bancorp by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,411 shares of the savings and loans company’s stock valued at $536,000 after purchasing an additional 376 shares during the last quarter. Rhumbline Advisers grew its stake in Flagstar Bancorp by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 27,702 shares of the savings and loans company’s stock valued at $854,000 after purchasing an additional 568 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Flagstar Bancorp by 13.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 4,811 shares of the savings and loans company’s stock valued at $148,000 after purchasing an additional 582 shares during the last quarter. Hedge funds and other institutional investors own 97.55% of the company’s stock.

In other news, COO Lee Matthew Smith sold 3,000 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $36.60, for a total value of $109,800.00. Following the sale, the chief operating officer now owns 70,254 shares in the company, valued at $2,571,296.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 63.00% of the stock is owned by corporate insiders.

Shares of Flagstar Bancorp Inc (FBC) opened at $37.41 on Friday. Flagstar Bancorp Inc has a one year low of $25.06 and a one year high of $38.79. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 4.04. The company has a market capitalization of $2,089.41, a PE ratio of 15.48 and a beta of 1.05.

Flagstar Bancorp (NYSE:FBC) last issued its earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Flagstar Bancorp had a return on equity of 9.77% and a net margin of 14.56%. The firm had revenue of $103.00 million for the quarter, compared to the consensus estimate of $100.80 million. During the same quarter in the prior year, the business earned $0.96 earnings per share. The company’s revenue was up 28.8% compared to the same quarter last year. research analysts expect that Flagstar Bancorp Inc will post 2.37 EPS for the current fiscal year.

Several analysts have weighed in on FBC shares. FBR & Co reiterated a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Flagstar Bancorp in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Thursday, October 26th. Raymond James Financial started coverage on Flagstar Bancorp in a research note on Thursday, August 31st. They set an “outperform” rating and a $36.00 price target on the stock. Boenning Scattergood reiterated a “buy” rating on shares of Flagstar Bancorp in a research note on Thursday, October 26th. Finally, B. Riley reiterated a “buy” rating and set a $42.00 price target on shares of Flagstar Bancorp in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $39.57.

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Flagstar Bancorp Profile

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.

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

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