Shares of Flagstar Bancorp Inc (NYSE:FBC) have been given an average recommendation of “Buy” by the eleven brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $39.57.

FBC has been the topic of several recent research reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $35.00 price target on shares of Flagstar Bancorp in a research report on Monday, August 28th. ValuEngine raised shares of Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. BidaskClub cut shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Finally, B. Riley reissued a “buy” rating on shares of Flagstar Bancorp in a research report on Wednesday, November 1st.

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Flagstar Bancorp by 5.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 103,336 shares of the savings and loans company’s stock worth $3,185,000 after purchasing an additional 5,400 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Flagstar Bancorp by 5.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 90,702 shares of the savings and loans company’s stock worth $2,557,000 after purchasing an additional 4,605 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Flagstar Bancorp by 15.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 117,729 shares of the savings and loans company’s stock worth $3,628,000 after purchasing an additional 16,176 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Flagstar Bancorp by 11.8% during the 2nd quarter. Wells Fargo & Company MN now owns 34,853 shares of the savings and loans company’s stock worth $1,074,000 after purchasing an additional 3,691 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Flagstar Bancorp by 2.7% during the 1st quarter. Bank of America Corp DE now owns 116,669 shares of the savings and loans company’s stock worth $3,289,000 after purchasing an additional 3,079 shares during the last quarter. Institutional investors own 97.57% of the company’s stock.

Flagstar Bancorp (NYSE:FBC) traded up $0.16 during mid-day trading on Thursday, hitting $36.64. 67,964 shares of the stock were exchanged, compared to its average volume of 145,792. The company has a market cap of $2,095.15, a PE ratio of 15.53 and a beta of 1.01. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 4.04. Flagstar Bancorp has a one year low of $25.06 and a one year high of $38.26.

Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings data on Tuesday, October 24th. The savings and loans company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.01. The company had revenue of $103.00 million for the quarter, compared to analysts’ expectations of $100.80 million. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.77%. During the same quarter in the prior year, the firm earned $0.96 EPS. The business’s revenue was up 28.8% on a year-over-year basis. research analysts forecast that Flagstar Bancorp will post 2.37 EPS for the current year.

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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.

Analyst Recommendations for Flagstar Bancorp (NYSE:FBC)

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