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Keeping this in mind, it’s important to discuss the newest info for Flagstar Bancorp Inc (NYSE:FBC).
How are hedge funds trading Flagstar Bancorp Inc (NYSE:FBC)?
Heading into Q3, a total of 12 of the hedge funds we track held long positions in this stock, a change of 0% from one quarter earlier. With hedgies’ capital changing hands, there exists a select group of notable hedge fund managers who were increasing their stakes meaningfully.
Since Flagstar Bancorp Inc (NYSE:FBC) has witnessed dropping sentiment from upper-tier hedge fund managers, it’s easy to see that there exists a select few fund managers that elected to cut their positions entirely last quarter. It’s worth mentioning that Geoffrey Raynor’s Q Investments (Specter Holdings) dropped the largest stake of the “upper crust” of funds we watch, comprising close to $18.8 million in stock, and Gregory Fraser Rudolph Kluiber and Timothy Kroch of GRT Capital Partners was right behind this move, as the fund sold off about $0.2 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).
How are insiders trading Flagstar Bancorp Inc (NYSE:FBC)?
Insider buying made by high-level executives is most useful when the primary stock in question has seen transactions within the past six months. Over the last half-year time frame, Flagstar Bancorp Inc (NYSE:FBC) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll go over the relationship between both of these indicators in other stocks similar to Flagstar Bancorp Inc (NYSE:FBC). These stocks are Brookline Bancorp, Inc. (NASDAQ:BRKL), Berkshire Hills Bancorp, Inc. (NYSE:BHLB), Provident Financial Services, Inc. (NYSE:PFS), Kearny Financial Corp. (NASDAQ:KRNY), and Columbia Banking System Inc (NASDAQ:COLB). This group of stocks are in the savings & loans industry and their market caps resemble FBC’s market cap.