Flagstar Bancorp Inc (NYSE:FBC) Short Interest Down 7.9% in September

Flagstar Bancorp Inc (NYSE:FBC) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totalling 1,280,000 shares, a decline of 7.9% from the August 30th total of 1,390,000 shares. Based on an average daily trading volume, of 232,000 shares, the days-to-cover ratio is currently 5.5 days. Currently, 4.5% of the company’s shares are sold short.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors purchased a new stake in Flagstar Bancorp during the 2nd quarter worth about $33,000. Point72 Hong Kong Ltd purchased a new stake in Flagstar Bancorp during the 2nd quarter worth about $55,000. Tower Research Capital LLC TRC purchased a new stake in Flagstar Bancorp during the 2nd quarter worth about $76,000. Aperio Group LLC purchased a new stake in Flagstar Bancorp during the 2nd quarter worth about $115,000. Finally, Bank of Montreal Can lifted its holdings in Flagstar Bancorp by 205.7% during the 2nd quarter. Bank of Montreal Can now owns 3,516 shares of the savings and loans company’s stock worth $117,000 after buying an additional 2,366 shares during the last quarter. 96.89% of the stock is owned by institutional investors.

FBC traded up $0.58 on Thursday, hitting $38.72. 326,600 shares of the company were exchanged, compared to its average volume of 286,767. Flagstar Bancorp has a twelve month low of $25.30 and a twelve month high of $39.16. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 12.82 and a beta of 1.25. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 2.14. The firm has a 50-day moving average price of $37.28 and a two-hundred day moving average price of $34.53.

Flagstar Bancorp (NYSE:FBC) last released its earnings results on Tuesday, July 23rd. The savings and loans company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.24. Flagstar Bancorp had a return on equity of 10.70% and a net margin of 16.26%. The firm had revenue of $306.00 million during the quarter, compared to analysts’ expectations of $270.32 million. During the same period in the previous year, the firm posted $0.85 EPS. Equities analysts expect that Flagstar Bancorp will post 3.31 EPS for the current year.

FBC has been the subject of several analyst reports. B. Riley boosted their target price on Flagstar Bancorp from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Zacks Investment Research cut Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, ValuEngine cut Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $37.60.

Flagstar Bancorp Company Profile

Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial 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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