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Flagstar Bancorp, Inc. (NYSE:FBC) Stock Holdings Lessened by Royce & Associates LP

Defense World · Aug 6, 2022 05:11

Royce & Associates LP lowered its stake in Flagstar Bancorp, Inc. (NYSE:FBC – Get Rating) by 6.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,702 shares of the savings and loans company's stock after selling 3,444 shares during the period. Royce & Associates LP owned approximately 0.10% of Flagstar Bancorp worth $2,150,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. UMB Bank N A MO bought a new position in shares of Flagstar Bancorp in the fourth quarter valued at $58,000. PenderFund Capital Management Ltd. grew its position in Flagstar Bancorp by 290.0% during the 4th quarter. PenderFund Capital Management Ltd. now owns 3,900 shares of the savings and loans company's stock worth $237,000 after purchasing an additional 2,900 shares in the last quarter. Wolverine Trading LLC purchased a new position in Flagstar Bancorp during the 4th quarter worth approximately $206,000. Neo Ivy Capital Management purchased a new position in Flagstar Bancorp during the 4th quarter worth approximately $240,000. Finally, Inspire Investing LLC purchased a new position in Flagstar Bancorp during the 1st quarter worth approximately $236,000. Institutional investors own 92.75% of the company's stock.

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Analyst Upgrades and Downgrades

FBC has been the topic of several research analyst reports. B. Riley lowered their price objective on shares of Flagstar Bancorp from $44.00 to $40.00 in a research report on Monday, July 11th. Keefe, Bruyette & Woods cut shares of 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 report on Thursday, June 2nd.

Insider Activity

In related news, Director Peter Schoels purchased 13,500 shares of the stock in a transaction dated Friday, May 27th. The shares were acquired at an average cost of $37.72 per share, for a total transaction of $509,220.00. Following the acquisition, the director now directly owns 18,579 shares in the company, valued at approximately $700,799.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

Flagstar Bancorp Trading Up 0.4 %

Flagstar Bancorp stock opened at $39.85 on Friday. The company's fifty day simple moving average is $36.67 and its 200-day simple moving average is $40.04. The company has a quick ratio of 0.90, a current ratio of 1.18 and a debt-to-equity ratio of 1.67. Flagstar Bancorp, Inc. has a 12 month low of $32.71 and a 12 month high of $56.77. The stock has a market cap of $2.12 billion, a P/E ratio of 6.09 and a beta of 1.49.

Flagstar Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 18th. Stockholders of record on Monday, August 8th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Friday, August 5th. Flagstar Bancorp's dividend payout ratio is currently 3.67%.

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.