Flagstar Bancorp, Inc. (NYSE:FBC) Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its position in Flagstar Bancorp, Inc. (NYSE:FBCGet Rating) by 6.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,665 shares of the savings and loans company’s stock after acquiring an additional 443 shares during the period. Mutual of America Capital Management LLC’s holdings in Flagstar Bancorp were worth $325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Bailard Inc. boosted its stake in shares of Flagstar Bancorp by 9.4% in the first quarter. Bailard Inc. now owns 18,601 shares of the savings and loans company’s stock worth $789,000 after acquiring an additional 1,600 shares during the last quarter. Meritage Portfolio Management acquired a new stake in shares of Flagstar Bancorp in the first quarter worth approximately $304,000. Assenagon Asset Management S.A. acquired a new stake in shares of Flagstar Bancorp in the first quarter worth approximately $456,000. Louisiana State Employees Retirement System boosted its stake in Flagstar Bancorp by 1.2% during the first quarter. Louisiana State Employees Retirement System now owns 25,900 shares of the savings and loans company’s stock worth $1,078,000 after buying an additional 300 shares during the last quarter. Finally, Strs Ohio boosted its stake in Flagstar Bancorp by 3.5% during the first quarter. Strs Ohio now owns 26,500 shares of the savings and loans company’s stock worth $1,123,000 after buying an additional 900 shares during the last quarter. 92.75% of the stock is owned by institutional investors and hedge funds.

Flagstar Bancorp Stock Performance

Shares of Flagstar Bancorp stock opened at $41.20 on Monday. Flagstar Bancorp, Inc. has a 52 week low of $32.71 and a 52 week high of $56.77. The business’s fifty day simple moving average is $36.39 and its 200-day simple moving average is $40.29. The firm has a market cap of $2.19 billion, a PE ratio of 5.05 and a beta of 1.47. The company has a quick ratio of 0.78, a current ratio of 1.05 and a debt-to-equity ratio of 0.68.

Flagstar Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 18th. Stockholders of record on Monday, August 8th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, August 5th. Flagstar Bancorp’s dividend payout ratio (DPR) is presently 2.94%.

Analyst Upgrades and Downgrades

FBC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lowered Flagstar Bancorp from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $52.25 to $44.00 in a research note on Thursday, June 2nd. B. Riley lowered their price objective on Flagstar Bancorp from $44.00 to $40.00 in a research note on Monday, July 11th.

Insider Activity

In other Flagstar Bancorp news, Director Peter Schoels purchased 13,500 shares of the firm’s stock in a transaction dated Friday, May 27th. The shares were acquired at an average price of $37.72 per share, with a total value of $509,220.00. Following the purchase, the director now directly owns 18,579 shares in the company, valued at approximately $700,799.88. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.60% of the company’s stock.

About Flagstar Bancorp

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Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial and consumer banking services to consumer, commercial, and government customers in the United States. It operates in three segments: Community Banking, Mortgage Originations, and Mortgage Servicing.

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

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