Flagstar Bancorp, Inc. (NYSE:FBC) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC trimmed its stake in shares of Flagstar Bancorp, Inc. (NYSE:FBCGet Rating) by 4.5% in the 1st quarter, HoldingsChannel reports. The firm owned 33,383 shares of the savings and loans company’s stock after selling 1,561 shares during the period. Verition Fund Management LLC’s holdings in Flagstar Bancorp were worth $1,415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of FBC. JPMorgan Chase & Co. grew its stake in Flagstar Bancorp by 78.9% during the 4th quarter. JPMorgan Chase & Co. now owns 578,312 shares of the savings and loans company’s stock worth $27,724,000 after purchasing an additional 255,097 shares in the last quarter. BlackRock Inc. grew its stake in Flagstar Bancorp by 2.8% during the 1st quarter. BlackRock Inc. now owns 7,877,246 shares of the savings and loans company’s stock worth $333,995,000 after purchasing an additional 216,217 shares in the last quarter. LMR Partners LLP acquired a new position in Flagstar Bancorp during the 4th quarter worth $10,343,000. State Street Corp grew its stake in Flagstar Bancorp by 9.8% during the 1st quarter. State Street Corp now owns 2,356,170 shares of the savings and loans company’s stock worth $99,902,000 after purchasing an additional 210,595 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in Flagstar Bancorp by 124.7% during the 1st quarter. Qube Research & Technologies Ltd now owns 370,921 shares of the savings and loans company’s stock worth $15,727,000 after purchasing an additional 205,854 shares in the last quarter. 90.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Reginald E. Davis sold 750 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $40.28, for a total value of $30,210.00. Following the completion of the sale, the executive vice president now directly owns 1,148 shares of the company’s stock, valued at approximately $46,241.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.60% of the company’s stock.

Flagstar Bancorp Stock Down 0.1 %

Shares of NYSE FBC opened at $37.08 on Tuesday. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 5.67 and a beta of 1.49. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.18 and a quick ratio of 0.90. The business has a 50-day moving average of $39.07 and a two-hundred day moving average of $38.61. Flagstar Bancorp, Inc. has a 1 year low of $32.71 and a 1 year high of $56.77.

Flagstar Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 18th. Stockholders of record on Monday, August 8th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, August 5th. Flagstar Bancorp’s payout ratio is currently 3.67%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods downgraded Flagstar Bancorp from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $52.25 to $44.00 in a report on Thursday, June 2nd. B. Riley decreased their price target on Flagstar Bancorp from $44.00 to $40.00 in a report on Monday, July 11th.

About Flagstar Bancorp

(Get Rating)

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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Want to see what other hedge funds are holding FBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flagstar Bancorp, Inc. (NYSE:FBCGet Rating).

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

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