Shares last traded at $37.37 barely above $35.46, the 50 day moving average and which is significantly above the 200 day moving average of $31.89. The 50 day moving average was up $1.91 or +5.39% and the 200 day average went up $5.48 or +17.18%. Flagstar Bancorp, Inc. shares had a trading volume of 117K by the end of trading on Tuesday. Trading volume was down 11.54% under the stocks average daily volume.
Traders are a little more bearish on Flagstar Bancorp, Inc. if you watch the change in short interest. The company experienced a rise in short interest of 3.46% as of October 13, 2017 from the last reporting period. Short interest increased 46,126 over that timeframe. With short interest at 1,378,634 and short average daily volume at 119,556, days to cover is 12.0 and the percentage of shorted shares is 0.02% as of October 13.
These firms have modified their investment in FBC. As of quarter end Acadian Asset Management LLC had disposed of a total of 1,857 shares trimming its position 9.3%. The value of the total investment in Flagstar Bancorp, Inc. increased from $614,000 to $642,000 a change of $28,000 quarter over quarter. Victory Capital Management Inc trimmed its stake by selling 14 shares a decrease of 0.2%. Victory Capital Management Inc now holds 6,159 shares valued at $219,000. The value of the position overall is up by 15.3%.
First Trust Advisors Lp reduced its ownership by shedding 9,656 shares a decrease of 16.4% as of 09/30/2017. First Trust Advisors Lp currently owns 49,270 shares with a value of $1,748,000. The total value of its holdings decreased 3.7%. As of the end of the quarter Nationwide Fund Advisors had sold 1,896 shares trimming its stake by 2.0%. The value of the investment in (FBC) went from $2,889,000 to $3,259,000 a change of 12.8% for the reporting period.
On August 31 analysts at Raymond James initiated coverage with a rating of “Outperform”. October 25 investment analysts at FBR Capital made no change to the company rating of “Buy” and raised the price expectation from $20.00 to $42.00.
The P/E ratio is currently 14.32 and the market cap of the company is 2.14B. As of the last earnings report the EPS was $2.61 and is projected to be $2.41 for the current year with 57,161,000 shares outstanding. Next quarter’s EPS is forecasted at $0.54 with next year’s EPS anticipated to be $2.82.
Flagstar Bancorp, Inc., launched on October 28, 1993, is a savings and loan holding company. The Business’s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB (the Bank), a stock savings bank. The Company operates through four segments: Community Banking, Mortgage Originations, Mortgage Servicing, and Other. The Company offers checking accounts, savings accounts, money market accounts, certificates of deposit, other services, consumer loans, commercial loans and warehouse lines of credit. Other financial services available to consumer and commercial customers include lines of credit, revolving credit, customized treasury management solutions, equipment leasing, inventory and accounts receivable..