TheStreet upgraded shares of Flagstar Bancorp Inc (NYSE:FBC) from a c+ rating to a b rating in a research note issued to investors on Wednesday.
Several other equities analysts also recently commented on FBC. Wedbush upgraded shares of Flagstar Bancorp from a neutral rating to an outperform rating and set a $35.00 price objective on the stock in a report on Wednesday, April 26th. Zacks Investment Research downgraded shares of Flagstar Bancorp from a hold rating to a sell rating in a report on Tuesday, May 9th. FBR & Co reiterated an outperform rating on shares of Flagstar Bancorp in a report on Tuesday, April 25th. Stephens initiated coverage on shares of Flagstar Bancorp in a report on Thursday, March 23rd. They issued an equal weight rating on the stock. Finally, Piper Jaffray Companies upgraded shares of Flagstar Bancorp from a neutral rating to an overweight rating and set a $32.00 price objective on the stock in a report on Monday, February 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Flagstar Bancorp presently has an average rating of Hold and an average target price of $30.17.
Flagstar Bancorp (NYSE:FBC) traded up 0.31% on Wednesday, reaching $28.85. 61,222 shares of the company were exchanged. The firm has a market capitalization of $1.65 billion, a PE ratio of 11.19 and a beta of 1.10. The stock has a 50 day moving average of $28.98 and a 200 day moving average of $27.76. Flagstar Bancorp has a 12-month low of $21.78 and a 12-month high of $30.70.
Flagstar Bancorp (NYSE:FBC) last issued its earnings results on Tuesday, April 25th. The savings and loans company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.10. The business had revenue of $183 million for the quarter, compared to the consensus estimate of $172.90 million. Flagstar Bancorp had a net margin of 18.92% and a return on equity of 11.90%. During the same period in the previous year, the company earned $0.54 earnings per share. Equities analysts anticipate that Flagstar Bancorp will post $2.24 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in FBC. Blue Rock Advisors LLC bought a new position in Flagstar Bancorp during the third quarter valued at approximately $328,000. BlackRock Group LTD boosted its stake in shares of Flagstar Bancorp by 0.6% in the third quarter. BlackRock Group LTD now owns 75,856 shares of the savings and loans company’s stock worth $2,106,000 after buying an additional 486 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Flagstar Bancorp by 1.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,091,268 shares of the savings and loans company’s stock worth $30,283,000 after buying an additional 16,992 shares during the last quarter. AMP Capital Investors Ltd acquired a new stake in shares of Flagstar Bancorp during the third quarter worth about $627,000. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Flagstar Bancorp by 51.3% in the third quarter. D. E. Shaw & Co. Inc. now owns 393,751 shares of the savings and loans company’s stock worth $10,926,000 after buying an additional 133,484 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.
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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