Verition Fund Management LLC Cuts Holdings in Flagstar Bancorp, Inc. (NYSE:FBC)

Verition Fund Management LLC decreased its position in Flagstar Bancorp, Inc. (NYSE:FBCGet Rating) by 4.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,383 shares of the savings and loans company’s stock after selling 1,561 shares during the period. Verition Fund Management LLC owned about 0.06% of Flagstar Bancorp worth $1,415,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Guggenheim Capital LLC increased its holdings in Flagstar Bancorp by 0.9% in the first quarter. Guggenheim Capital LLC now owns 34,425 shares of the savings and loans company’s stock valued at $1,459,000 after buying an additional 295 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Flagstar Bancorp by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 25,900 shares of the savings and loans company’s stock valued at $1,078,000 after buying an additional 300 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in Flagstar Bancorp by 1.5% in the first quarter. Maryland State Retirement & Pension System now owns 21,383 shares of the savings and loans company’s stock valued at $907,000 after buying an additional 308 shares in the last quarter. HAP Trading LLC increased its holdings in Flagstar Bancorp by 2.3% in the first quarter. HAP Trading LLC now owns 14,973 shares of the savings and loans company’s stock valued at $635,000 after buying an additional 336 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in shares of Flagstar Bancorp by 6.1% during the first quarter. Mutual of America Capital Management LLC now owns 7,665 shares of the savings and loans company’s stock worth $325,000 after purchasing an additional 443 shares in the last quarter. Hedge funds and other institutional investors own 90.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. B. Riley cut their target price on shares of Flagstar Bancorp from $44.00 to $40.00 in a research note on Monday, July 11th. Keefe, Bruyette & Woods cut shares of Flagstar Bancorp from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $52.25 to $44.00 in a research note on Thursday, June 2nd.

Insider Buying and Selling

In related news, EVP Reginald E. Davis sold 750 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $40.28, for a total transaction of $30,210.00. Following the transaction, the executive vice president now directly owns 1,148 shares in the company, valued at $46,241.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.60% of the stock is currently owned by company insiders.

Flagstar Bancorp Stock Down 0.1 %

FBC stock opened at $37.08 on Tuesday. The stock has a market capitalization of $1.97 billion, a P/E ratio of 5.67 and a beta of 1.49. The firm has a 50-day simple moving average of $39.07 and a 200-day simple moving average of $38.61. The company has a quick ratio of 0.90, a current ratio of 1.18 and a debt-to-equity ratio of 1.63. Flagstar Bancorp, Inc. has a 52 week low of $32.71 and a 52 week high of $56.77.

Flagstar Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 18th. Investors of record on Monday, August 8th were given a dividend of $0.06 per share. The ex-dividend date was Friday, August 5th. This represents a $0.24 dividend on an annualized basis and a yield of 0.65%. Flagstar Bancorp’s payout ratio is presently 3.67%.

Flagstar Bancorp Company Profile

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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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