Zacks Investment Research lowered shares of Flagstar Bancorp (NYSE:FBC) from a buy rating to a hold rating in a report released on Wednesday, reports.

According to Zacks, “Flagstar Bancorp, Inc. is the holding company for Flagstar Bank, FSB, a federally chartered stock savings bank. Through its retail banking centers and e-commerce distribution channels, Flagstar attracts deposits from the general public. The institution utilizes these deposits, along with other funds garnered from the secondary market, to originate or acquire loans on a nationwide basis. “

A number of other equities research analysts have also issued reports on the stock. Piper Jaffray Companies restated an overweight rating and issued a $760.00 target price (up previously from $755.00) on shares of Chipotle Mexican Grill in a research note on Thursday, April 25th. ValuEngine upgraded shares of Vanda Pharmaceuticals from a hold rating to a buy rating in a research note on Friday, March 29th. Finally, Raymond James restated a buy rating on shares of Teck Resources in a research note on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Flagstar Bancorp has a consensus rating of Buy and an average target price of $37.20.

Shares of Flagstar Bancorp stock opened at $33.52 on Wednesday. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 11.10 and a beta of 1.23. The firm has a 50-day moving average of $32.22. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 2.44. Flagstar Bancorp has a 1 year low of $25.30 and a 1 year high of $36.16.

Flagstar Bancorp (NYSE:FBC) last issued its earnings results on Tuesday, April 23rd. The savings and loans company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $235.00 million for the quarter, compared to analyst estimates of $230.70 million. Flagstar Bancorp had a net margin of 16.38% and a return on equity of 11.60%. During the same quarter in the prior year, the business posted $0.60 EPS. Equities analysts expect that Flagstar Bancorp will post 3.32 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.16 annualized dividend and a yield of 0.48%. Flagstar Bancorp’s dividend payout ratio (DPR) is 5.30%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Texas Permanent School Fund raised its stake in Flagstar Bancorp by 1.6% during the first quarter. Texas Permanent School Fund now owns 19,545 shares of the savings and loans company’s stock worth $643,000 after acquiring an additional 312 shares during the period. Boston Advisors LLC increased its stake in shares of Flagstar Bancorp by 1.2% in the first quarter. Boston Advisors LLC now owns 35,973 shares of the savings and loans company’s stock valued at $1,184,000 after purchasing an additional 410 shares during the period. PNC Financial Services Group Inc. acquired a new stake in shares of Flagstar Bancorp in the fourth quarter valued at approximately $29,000. Royce & Associates LP acquired a new stake in shares of Flagstar Bancorp in the first quarter valued at approximately $40,000. Finally, Nordea Investment Management AB increased its stake in shares of Flagstar Bancorp by 0.9% in the fourth quarter. Nordea Investment Management AB now owns 166,300 shares of the savings and loans company’s stock valued at $4,390,000 after purchasing an additional 1,500 shares during the period. Hedge funds and other institutional investors own 98.56% of the company’s stock.

About Flagstar Bancorp

Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial and consumer banking services to individuals and businesses in the United States. Its Community Banking segment offers various products, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer and commercial loans, commercial real estate loans, equipment finance and leasing, home builder finance loans, and warehouse lines of credit.

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