Flagstar Bancorp, Inc. (NYSE:FBC)‘s stock had its “buy” rating restated by Boenning Scattergood in a report released on Tuesday.
A number of other equities analysts also recently commented on FBC. BidaskClub upgraded Flagstar Bancorp from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. ValuEngine upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Piper Jaffray Companies upgraded Flagstar Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 price objective on the stock in a report on Monday, February 13th. Zacks Investment Research downgraded Flagstar Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Finally, FBR & Co restated an “outperform” rating on shares of Flagstar Bancorp in a report on Tuesday, April 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $30.17.
Shares of Flagstar Bancorp (NYSE:FBC) opened at 31.25 on Tuesday. The firm’s 50-day moving average is $29.67 and its 200-day moving average is $28.02. Flagstar Bancorp has a 52 week low of $21.78 and a 52 week high of $31.57. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 12.12 and a beta of 0.90.
Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings results on Tuesday, April 25th. The savings and loans company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The firm had revenue of $183 million for the quarter, compared to analyst estimates of $172.90 million. Flagstar Bancorp had a return on equity of 10.74% and a net margin of 17.51%. During the same period last year, the company earned $0.54 EPS. On average, equities research analysts anticipate that Flagstar Bancorp will post $2.24 EPS for the current fiscal year.
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Large investors have recently bought and sold shares of the company. US Bancorp DE increased its stake in Flagstar Bancorp by 130.5% in the first quarter. US Bancorp DE now owns 4,182 shares of the savings and loans company’s stock valued at $118,000 after buying an additional 2,368 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Flagstar Bancorp by 20.1% in the first quarter. Advisors Asset Management Inc. now owns 4,229 shares of the savings and loans company’s stock valued at $119,000 after buying an additional 707 shares in the last quarter. Victory Capital Management Inc. increased its stake in Flagstar Bancorp by 30.0% in the first quarter. Victory Capital Management Inc. now owns 5,247 shares of the savings and loans company’s stock valued at $148,000 after buying an additional 1,212 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new stake in Flagstar Bancorp during the first quarter valued at about $203,000. Finally, Airain ltd acquired a new stake in Flagstar Bancorp during the first quarter valued at about $303,000. Institutional investors own 96.44% of the company’s stock.
Flagstar Bancorp Company Profile
Flagstar Bancorp, Inc is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB. It operates through four segments: Community Banking, Mortgage Originations, Mortgage Servicing, and Other. Through Mortgage Originations segment, it originates, acquires and sells one- to four-family residential mortgage loans.
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