ClariVest Asset Management LLC Has $7.86 Million Holdings in Flagstar Bancorp Inc (NYSE:FBC)

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ClariVest Asset Management LLC reduced its position in shares of Flagstar Bancorp Inc (NYSE:FBC) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,438 shares of the savings and loans company’s stock after selling 2,700 shares during the quarter. ClariVest Asset Management LLC owned 0.40% of Flagstar Bancorp worth $7,860,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FBC. SG Americas Securities LLC bought a new stake in Flagstar Bancorp during the first quarter worth $120,000. NumerixS Investment Technologies Inc bought a new position in shares of Flagstar Bancorp in the second quarter valued at about $159,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Flagstar Bancorp in the first quarter valued at about $209,000. Jane Street Group LLC bought a new position in shares of Flagstar Bancorp in the first quarter valued at about $229,000. Finally, Personal Capital Advisors Corp bought a new position in shares of Flagstar Bancorp in the second quarter valued at about $247,000. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

In related news, COO Lee Matthew Smith sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $33.72, for a total transaction of $101,160.00. Following the transaction, the chief operating officer now directly owns 93,630 shares of the company’s stock, valued at $3,157,203.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 9,000 shares of company stock worth $309,960. 62.90% of the stock is owned by insiders.

FBC has been the topic of several research analyst reports. Sandler O’Neill reissued a “buy” rating and issued a $41.00 price objective on shares of Flagstar Bancorp in a research report on Thursday, July 26th. Keefe, Bruyette & Woods raised shares of Flagstar Bancorp from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 27th. Zacks Investment Research raised shares of Flagstar Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. Boenning Scattergood reissued a “buy” rating and issued a $41.00 price objective on shares of Flagstar Bancorp in a research report on Wednesday, June 6th. Finally, Stephens reissued a “hold” rating on shares of Flagstar Bancorp in a research report on Monday, June 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $41.57.

NYSE:FBC traded down $0.67 during mid-day trading on Friday, reaching $31.03. 235,248 shares of the company’s stock were exchanged, compared to its average volume of 124,496. Flagstar Bancorp Inc has a one year low of $30.95 and a one year high of $40.06. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 11.64 and a beta of 0.98. The company has a debt-to-equity ratio of 3.81, a quick ratio of 0.86 and a current ratio of 1.29.

Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings results on Tuesday, July 24th. The savings and loans company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. Flagstar Bancorp had a net margin of 7.31% and a return on equity of 11.13%. The business had revenue of $238.00 million for the quarter, compared to analyst estimates of $243.68 million. sell-side analysts anticipate that Flagstar Bancorp Inc will post 3.06 EPS for the current year.

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

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