Flagstar Bancorp Inc (NYSE:FBC) has been given an average rating of “Buy” by the eleven research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $39.57.

A number of equities analysts recently commented on FBC shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $40.00 target price on shares of Flagstar Bancorp in a research report on Thursday, October 19th. B. Riley reiterated a “buy” rating and issued a $42.00 target price on shares of Flagstar Bancorp in a research report on Tuesday, November 14th. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Tuesday, September 26th. Boenning Scattergood reiterated a “buy” rating on shares of Flagstar Bancorp in a research report on Thursday, October 26th. Finally, FBR & Co reiterated a “buy” rating and issued a $42.00 target price (up previously from $35.00) on shares of Flagstar Bancorp in a research report on Wednesday, October 25th.

In other Flagstar Bancorp news, COO Lee Matthew Smith sold 3,000 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $36.60, for a total value of $109,800.00. Following the transaction, the chief operating officer now owns 70,254 shares in the company, valued at $2,571,296.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 63.00% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in FBC. BNP Paribas Arbitrage SA increased its position in shares of Flagstar Bancorp by 105.0% in the second quarter. BNP Paribas Arbitrage SA now owns 4,281 shares of the savings and loans company’s stock valued at $132,000 after acquiring an additional 2,193 shares during the period. SG Americas Securities LLC purchased a new position in shares of Flagstar Bancorp in the third quarter valued at about $144,000. Legal & General Group Plc increased its position in shares of Flagstar Bancorp by 4.5% during the second quarter. Legal & General Group Plc now owns 5,183 shares of the savings and loans company’s stock valued at $159,000 after buying an additional 225 shares during the period. Victory Capital Management Inc. increased its position in shares of Flagstar Bancorp by 17.6% during the second quarter. Victory Capital Management Inc. now owns 6,173 shares of the savings and loans company’s stock valued at $190,000 after buying an additional 926 shares during the period. Finally, Macquarie Group Ltd. purchased a new position in shares of Flagstar Bancorp during the third quarter valued at about $291,000. Hedge funds and other institutional investors own 97.53% of the company’s stock.

Flagstar Bancorp (FBC) traded down $0.47 during midday trading on Friday, hitting $38.77. 116,895 shares of the stock were exchanged, compared to its average volume of 193,337. Flagstar Bancorp has a 52 week low of $25.06 and a 52 week high of $39.36. The company has a debt-to-equity ratio of 4.04, a current ratio of 1.36 and a quick ratio of 0.80. The company has a market cap of $2,230.00, a P/E ratio of 16.50 and a beta of 1.05.

Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings data on Tuesday, October 24th. The savings and loans company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.77%. The company had revenue of $103.00 million during the quarter, compared to the consensus estimate of $100.80 million. During the same period in the previous year, the firm posted $0.96 EPS. The firm’s revenue was up 28.8% compared to the same quarter last year. sell-side analysts predict that Flagstar Bancorp will post 2.4 earnings per share for the current fiscal year.

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About Flagstar Bancorp

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.

Analyst Recommendations for Flagstar Bancorp (NYSE:FBC)

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