11,080 Shares in Flagstar Bancorp Inc (FBC) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in Flagstar Bancorp Inc (NYSE:FBC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,080 shares of the savings and loans company’s stock, valued at approximately $293,000.

Other institutional investors have also recently bought and sold shares of the company. Alpine Woods Capital Investors LLC bought a new position in Flagstar Bancorp in the third quarter valued at about $220,000. Jane Street Group LLC raised its position in shares of Flagstar Bancorp by 33.8% during the second quarter. Jane Street Group LLC now owns 8,657 shares of the savings and loans company’s stock worth $297,000 after acquiring an additional 2,186 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Flagstar Bancorp during the fourth quarter worth about $259,000. Ramsey Quantitative Systems bought a new position in shares of Flagstar Bancorp during the third quarter worth about $319,000. Finally, Acadian Asset Management LLC bought a new position in shares of Flagstar Bancorp during the third quarter worth about $345,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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FBC has been the subject of a number of analyst reports. B. Riley set a $44.00 price objective on Flagstar Bancorp and gave the stock a “buy” rating in a research report on Friday, October 12th. Boenning Scattergood restated a “buy” rating on shares of Flagstar Bancorp in a research report on Wednesday, October 24th. Zacks Investment Research upgraded Flagstar Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 25th. ValuEngine downgraded Flagstar Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Finally, TheStreet downgraded Flagstar Bancorp from a “b” rating to a “c+” rating in a research report on Friday, November 9th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $39.25.

Shares of FBC opened at $32.34 on Wednesday. Flagstar Bancorp Inc has a 1 year low of $25.30 and a 1 year high of $38.00. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 2.48. The stock has a market cap of $1.85 billion, a PE ratio of 10.63 and a beta of 1.20.

Flagstar Bancorp (NYSE:FBC) last issued its earnings results on Tuesday, January 22nd. The savings and loans company reported $0.72 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.72. The business had revenue of $250.00 million during the quarter, compared to the consensus estimate of $235.82 million. Flagstar Bancorp had a return on equity of 11.75% and a net margin of 16.67%. During the same period in the previous year, the company posted $0.60 earnings per share. On average, research analysts anticipate that Flagstar Bancorp Inc will post 3.36 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.49%.

Flagstar Bancorp announced that its Board of Directors has authorized a share buyback program on Wednesday, January 30th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the savings and loans company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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Flagstar Bancorp Company Profile

Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial, small business, 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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