Flagstar Bancorp Inc (NYSE:FBC) Given Average Rating of “Buy” by Brokerages

Flagstar Bancorp Inc (NYSE:FBC) has been given a consensus rating of “Buy” by the nine ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $37.00.

Several brokerages have issued reports on FBC. Piper Jaffray Companies restated an “overweight” rating and set a $760.00 target price (up previously from $755.00) on shares of Chipotle Mexican Grill in a research report on Thursday, April 25th. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. ValuEngine upgraded Vanda Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Friday, March 29th. Finally, Raymond James restated a “buy” rating on shares of Teck Resources in a research report on Thursday, April 4th.

Several institutional investors have recently bought and sold shares of the company. New York State Teachers Retirement System raised its stake in shares of Flagstar Bancorp by 36.2% during the second quarter. New York State Teachers Retirement System now owns 15,425 shares of the savings and loans company’s stock valued at $511,000 after acquiring an additional 4,100 shares in the last quarter. Denali Advisors LLC bought a new stake in shares of Flagstar Bancorp during the second quarter valued at approximately $321,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Flagstar Bancorp during the first quarter valued at approximately $217,000. AJO LP raised its stake in shares of Flagstar Bancorp by 384.5% during the first quarter. AJO LP now owns 297,267 shares of the savings and loans company’s stock valued at $9,786,000 after acquiring an additional 235,906 shares in the last quarter. Finally, Globeflex Capital L P bought a new stake in shares of Flagstar Bancorp during the first quarter valued at approximately $879,000. 98.56% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:FBC traded up $0.12 during trading hours on Tuesday, hitting $33.16. 176,580 shares of the company’s stock traded hands, compared to its average volume of 180,362. Flagstar Bancorp has a 1 year low of $25.30 and a 1 year high of $36.16. The firm has a fifty day simple moving average of $32.44. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 10.84 and a beta of 1.23. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 2.44.

Flagstar Bancorp (NYSE:FBC) last announced its earnings results on Tuesday, April 23rd. The savings and loans company reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. Flagstar Bancorp had a return on equity of 11.60% and a net margin of 16.38%. The business had revenue of $235.00 million during the quarter, compared to analyst estimates of $230.70 million. During the same quarter in the previous year, the business earned $0.60 earnings per share. On average, analysts predict that Flagstar Bancorp will post 2.9 EPS for the current year.

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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Analyst Recommendations for Flagstar Bancorp (NYSE:FBC)

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