Flagstar Bancorp, Inc. (NYSE:FBC) Short Interest Up 8.0% in August

Flagstar Bancorp, Inc. (NYSE:FBC – Get Rating) saw a significant increase in short-term interest in August. As of August 15, there was short interest totaling 2,020,000 shares, an increase of 8.0% from the July 31 total of 1,870,000 shares. Based on an average daily trading volume of 355,700 shares, the short interest ratio is currently 5.7 days. Approximately 3.9% of the company’s shares are sold short.

Insider buying and selling

In other Flagstar Bancorp news, Executive Vice President Reginald E. Davis sold 750 shares of the company in a trade dated Tuesday, August 9. The shares were sold at an average price of $40.28, for a total value of $30,210.00. Following the sale, the executive vice president now owns 1,148 shares of the company, valued at $46,241.44. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. 2.60% of the shares are held by insiders.

Institutional investors weigh in on Flagstar Bancorp

A number of institutional investors have recently changed their positions in FBC. Grantham Mayo Van Otterloo & Co. LLC increased its position in Flagstar Bancorp by 265.0% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 956,857 shares of the savings and loan company valued at $33,921,000 after purchasing an additional 694,730 shares during the period. Assenagon Asset Management SA increased its position in Flagstar Bancorp by 3,950.4% during the second quarter. Assenagon Asset Management SA now owns 435,179 shares in the savings and loan company valued at $15,427,000 after purchasing an additional 424,435 shares during the period. JPMorgan Chase & Co. increased its position in Flagstar Bancorp by 78.9% during the fourth quarter. JPMorgan Chase & Co. now owns 578,312 shares of the savings and loan company valued at $27,724,000 after purchasing an additional 255,097 shares during the period. BlackRock Inc. increased its position in Flagstar Bancorp by 2.8% during the first quarter. BlackRock Inc. now owns 7,877,246 shares of the savings and loan company valued at $333,995,000 after purchasing an additional 216,217 shares during the period. Finally, LMR Partners LLP purchased a new position in Flagstar Bancorp during the fourth quarter valued at approximately $10,343,000. Hedge funds and other institutional investors own 90.34% of the company’s shares.

Analysts set new price targets


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FBC has been the subject of a number of recent research reports. B. Riley cut his price target on Flagstar Bancorp shares from $44.00 to $40.00 in a Monday, July 11 report. Keefe, Bruyette & Woods cut Flagstar Bancorp shares from an “outperform” rating to a “market performer” rating and reduced their price target for the stock from $52.25 to $44.00 in a report on Thursday, June 2.

Flagstar Bancorp shares fall 0.1%

Shares of NYSE:FBC traded down $0.02 during Tuesday’s trading, hitting $38.85. 220,630 shares of the stock traded in hands, compared to its average volume of 464,707. The stock has a 50-day moving average of $38.38 and a two-hundred-day moving average of $39.39. Flagstar Bancorp has a 52-week low of $32.71 and a 52-week high of $56.77. The company has a debt ratio of 1.63, a quick ratio of 0.90 and a current ratio of 1.18. The stock has a market capitalization of $2.07 billion, a P/E ratio of 5.94 and a beta of 1.49.

Flagstar Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 18. Shareholders of record on Monday August 8 received a dividend of $0.06 per share. This represents a dividend of $0.24 on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Friday August 5th. Flagstar Bancorp’s payout ratio is 3.67%.

About Flagstar Bancorp

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Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB, which 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 Services.

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