Flagstar Bancorp (NYSE:FBC).
Basswood Capital Management, L.l.c. says it lowered its ownership in Flagstar Bancorp stock by 20.3% as of the end of the last quarter. Its investment was valued at $33,031,000 a decrease of $2,983,000 as of the end of the quarter.
Here are a few institutional investors who have updated their positions. Fsi Group, LLC downsized its ownership by selling 22,000 shares a decrease of 11.0% from 06/30/2017 to 09/30/2017. Fsi Group, LLC now controls 178,000 shares with a value of $6,315,000. The total value of its holdings increased 2.4%. As of the end of the quarter Lsv Asset Management had acquired 28,100 shares growing its holdings by 11.2%. The value of the total investment in Flagstar Bancorp increased from $7,714,000 to $9,878,000 a change of 28.1% quarter to quarter.
Dimensional Fund Advisors Lp augmented its stake by buying 146,882 shares an increase of 4.7% in the quarter. Dimensional Fund Advisors Lp controls 3,249,040 shares valued at $115,276,000. The value of the position overall is up by 20.6%.
On October 26, 2017 Boenning Scattergood reiterated a “Buy” rating on the stock. October 25 investment analysts at FBR & Co kept the company rating at “Buy” projecting a price of $42.00.
On October 19 Piper Jaffray Companies maintained a stock rating of “Buy” with a current price target of $40.00. October 6 investment analysts at Piper Jaffray Companies made no change to the stock rating of “Buy” targeting a price of $35.00.
Equity analyst Raymond James Financial updated its forecast on FBC giving it an initial rating of “Outperform”. August 28 investment analysts at Piper Jaffray Companies held the company rating at “Buy” targeting a price of $35.00.
The company is so far trading up by 0.36% since yesterday’s close of 36.25. Flagstar Bancorp currently has a P/E ratio of 15.50 and the market cap is 2.08B. As of the last earnings report the EPS was $2.35 with 57.18M shares now outstanding.
Short traders are more bullish recently as implied by the fall in short interest. The firm recorded a fall in short interest from October 13, 2017 to October 31, 2017 of -6.68%. Short interest decreased 92,132 over that period. The days to cover decreased to 9.0 and the percentage of shorted shares was 0.02% on October 31.