Shares last traded at $34.15 slightly over the 50 day moving average of $32.30 and which is well above the 200 day moving average of $30.17. The 50 day moving average went up by +5.72% and the 200 day average was up $3.98. (NYSE:FBC) shares saw light trading volume with 142K shares changing hands in the last trading session. Overall, volume was down 0.80% under the stocks normal daily volume.
Traders are more bearish on shares of the company lately if you watch the change in short interest. The firm had a rise in short interest of 10.59% as of August 31, 2017 from the last reporting period. Short interest grew from 652,226 to 721,268 over that period. With short interest at 721,268 and short average daily volume at 113,331, the short-interest ratio is 6.0 and the percentage of shorted shares was 0.01% on August 31.
Additionally, here are a few investment firms who have increased or decreased their stake in (FBC). Allianz Asset Management Gmbh divested its investment by shedding 12,214 shares a decrease of 27.4%. Allianz Asset Management Gmbh now holds 32,388 shares worth $1,003,000. The value of the position overall is down by 20.2%. Piermont Capital Management Inc. trimmed its stake by selling 16,342 shares a decrease of 20.3% as of 06/30/2017. Piermont Capital Management Inc. claims 64,188 shares with a value of $1,978,000. The total value of its holdings decreased 12.9%.
As of the end of the quarter Nuveen Asset Management, LLC had acquired a total of 214,095 shares growing its stake by 37.0%. The value of the investment in FBC increased from $16,301,000 to $24,420,000 increasing 49.8% since the last quarter. As of quarter end Ubs Group Ag had sold 10,803 shares trimming its position 93.9%. The value in dollars went from $324,000 to $21,000 a change of 93.5% for the reporting period.
Raymond James released its first research report on the stock with an initial rating of “Outperform”.
Flagstar Bancorp, Inc.’s P/E ratio is 13.09 and the market cap of the company is 1.95B. In the last earnings report the EPS was $2.61 and is estimated to be $2.37 for the current year with 57,161,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.51 with next year’s EPS 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..