Shares of the company are trading at $34.28 which is a tad above the 50 day moving average which is $32.30 and quite a bit higher than the 200 day moving average of $30.17. The 50 day moving average went up $1.98 or +6.13% whereas the 200 day moving average was up $4.11 or +13.63%. Trading volume for Flagstar Bancorp, Inc. was 121K in the last trading session. Overall, volume was down 15.64% under the stocks normal daily volume.
Traders are a little more bearish on shares of Flagstar Bancorp, Inc. recently if you take into consideration the increase in short interest. The company recorded a rise in short interest of 10.59% as of August 31, 2017 from the last reporting period. Short interest increased from 652,226 to 721,268 over that timeframe. The short-interest ratio increased to 6.0 and the percentage of shorted shares was 0.01% on August 31.
The following firms have recently changed their position in FBC. Allianz Asset Management Gmbh cut its stake by selling 12,214 shares a decrease of 27.4% as of 06/30/2017. Allianz Asset Management Gmbh now holds 32,388 shares worth $1,003,000. The total value of its holdings decreased 20.2%. As of the end of the quarter Piermont Capital Management Inc. had disposed of 16,342 shares trimming its position 20.3%. The value of the investment in FBC decreased from $2,270,000 to $1,978,000 decreasing 12.9% quarter over quarter.
As of quarter end Nuveen Asset Management, LLC had bought a total of 214,095 shares growing its holdings by 37.0%. The value of the investment in Flagstar Bancorp, Inc. went from $16,301,000 to $24,420,000 a change of $8,119,000 for the reporting period. As of the end of the quarter Ubs Group Ag had sold 10,803 shares trimming its stake by 93.9%. The value of the investment in (FBC) went from $324,000 to $21,000 a change of 93.5% since the last quarter.
Raymond James started coverage by announcing an initial rating of “Outperform”.
Flagstar Bancorp, Inc. currently has a P/E ratio of 13.14 and market capitalization is 1.96B. In the last earnings report the EPS was $2.61 and is projected to be $2.37 for the current year with 57,161,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.51 and the next full year EPS is anticipated to be $2.75.
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..