Flagstar Bancorp, Inc. (FBC) Receives Average Recommendation of “Buy” from Analysts
Flagstar Bancorp, Inc. (NYSE:FBC) has been assigned a consensus rating of “Buy” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $35.25.
Several research analysts have weighed in on the stock. ValuEngine raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $35.00 target price on shares of Flagstar Bancorp in a research note on Wednesday, July 26th. FBR & Co reaffirmed an “outperform” rating and set a $35.00 target price (up previously from $32.00) on shares of Flagstar Bancorp in a research note on Wednesday, July 26th. BidaskClub lowered shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Friday, July 28th.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Teachers Advisors LLC raised its position in Flagstar Bancorp by 1,159.3% in the first quarter. Teachers Advisors LLC now owns 392,776 shares of the savings and loans company’s stock valued at $11,072,000 after buying an additional 361,586 shares during the last quarter. Nuveen Asset Management LLC raised its position in Flagstar Bancorp by 125.4% in the first quarter. Nuveen Asset Management LLC now owns 578,255 shares of the savings and loans company’s stock valued at $16,301,000 after buying an additional 321,734 shares during the last quarter. Federated Investors Inc. PA raised its position in Flagstar Bancorp by 121.5% in the second quarter. Federated Investors Inc. PA now owns 443,162 shares of the savings and loans company’s stock valued at $13,658,000 after buying an additional 243,052 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Flagstar Bancorp by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,102,158 shares of the savings and loans company’s stock valued at $95,609,000 after buying an additional 232,925 shares during the last quarter. Finally, FSI Group LLC acquired a new position in Flagstar Bancorp during the first quarter valued at approximately $4,933,000. 95.86% of the stock is owned by institutional investors and hedge funds.
Flagstar Bancorp (NYSE:FBC) traded down 0.47% during trading on Tuesday, hitting $31.98. 139,989 shares of the company were exchanged. The stock’s 50-day moving average is $31.30 and its 200-day moving average is $29.27. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 12.26 and a beta of 0.87. Flagstar Bancorp has a 12 month low of $25.06 and a 12 month high of $33.44.
Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings data on Tuesday, July 25th. The savings and loans company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.09. The firm had revenue of $97 million during the quarter, compared to analyst estimates of $87.95 million. Flagstar Bancorp had a net margin of 16.52% and a return on equity of 10.15%. Flagstar Bancorp’s quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 earnings per share. Equities research analysts anticipate that Flagstar Bancorp will post $2.36 earnings per share for the current 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.
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