MKD Wealth Coaches LLC lowered its position in Flagstar Bancorp, Inc. (NYSE:FBC) by 27.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,352 shares of the savings and loans company’s stock after selling 3,091 shares during the period. Flagstar Bancorp comprises approximately 0.6% of MKD Wealth Coaches LLC’s investment portfolio, making the stock its 11th biggest position. MKD Wealth Coaches LLC’s holdings in Flagstar Bancorp were worth $377,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of FBC. The Manufacturers Life Insurance Company raised its position in shares of Flagstar Bancorp by 2.2% in the third quarter. The Manufacturers Life Insurance Company now owns 21,980 shares of the savings and loans company’s stock worth $651,000 after acquiring an additional 469 shares during the period. State Street Corp raised its position in shares of Flagstar Bancorp by 12.1% during the 3rd quarter. State Street Corp now owns 1,238,821 shares of the savings and loans company’s stock worth $36,706,000 after purchasing an additional 133,681 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Flagstar Bancorp by 54.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 670,452 shares of the savings and loans company’s stock worth $19,866,000 after purchasing an additional 235,223 shares during the last quarter. Truist Financial Corp acquired a new position in shares of Flagstar Bancorp during the 3rd quarter worth about $722,000. Finally, Morgan Stanley raised its position in shares of Flagstar Bancorp by 22.1% during the 3rd quarter. Morgan Stanley now owns 122,188 shares of the savings and loans company’s stock worth $3,621,000 after purchasing an additional 22,089 shares during the last quarter. Institutional investors and hedge funds own 95.76% of the company’s stock.
Shares of Flagstar Bancorp stock traded down $0.76 during mid-day trading on Thursday, hitting $44.38. The stock had a trading volume of 3,836 shares, compared to its average volume of 626,377. The firm has a 50-day moving average of $45.92 and a two-hundred day moving average of $39.33. Flagstar Bancorp, Inc. has a 12-month low of $18.67 and a 12-month high of $51.58. The company has a quick ratio of 0.83, a current ratio of 1.22 and a debt-to-equity ratio of 1.79. The firm has a market cap of $2.34 billion, a P/E ratio of 5.75 and a beta of 1.79.
The company also recently declared a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Monday, March 1st were paid a $0.06 dividend. This is a boost from Flagstar Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, February 26th. This represents a $0.24 annualized dividend and a dividend yield of 0.54%. Flagstar Bancorp’s dividend payout ratio is 6.94%.
Several research firms recently weighed in on FBC. Zacks Investment Research downgraded shares of Flagstar Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 29th. Compass Point upped their price target on shares of Flagstar Bancorp from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, December 17th. B. Riley upped their price target on shares of Flagstar Bancorp from $46.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 22nd. Finally, Raymond James increased their price objective on shares of Flagstar Bancorp from $56.00 to $60.00 and gave the company a “strong-buy” rating in a report on Monday, January 25th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Flagstar Bancorp has a consensus rating of “Buy” and a consensus target price of $49.67.
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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