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. “
FBC has been the subject of several other reports. Keefe, Bruyette & Woods lowered Flagstar Bancorp from an outperform rating to a market perform rating and lifted their price target for the company from $26.00 to $27.50 in a report on Wednesday, July 27th. FBR & Co reiterated a buy rating on shares of Flagstar Bancorp in a report on Tuesday, June 28th. Sandler O’Neill lowered Flagstar Bancorp from a buy rating to a hold rating in a report on Friday, September 23rd. Piper Jaffray Cos. lowered Flagstar Bancorp from an overweight rating to a neutral rating and set a $27.00 price target for the company. in a report on Wednesday, July 27th. Finally, Boenning Scattergood initiated coverage on Flagstar Bancorp in a report on Wednesday, June 29th. They set an outperform rating and a $26.50 price target for the company. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Flagstar Bancorp currently has an average rating of Hold and an average target price of $26.06.
Shares of Flagstar Bancorp (NYSE:FBC) opened at 27.75 on Tuesday. The firm has a 50-day moving average of $27.72 and a 200 day moving average of $24.73. The firm has a market cap of $1.57 billion, a P/E ratio of 11.86 and a beta of 2.10. Flagstar Bancorp has a 12 month low of $17.25 and a 12 month high of $28.26.
Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.10. Flagstar Bancorp had a return on equity of 12.96% and a net margin of 19.67%. During the same quarter last year, the firm posted $0.68 earnings per share. On average, equities research analysts anticipate that Flagstar Bancorp will post $2.29 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of Flagstar Bancorp by 77.2% in the second quarter. Victory Capital Management Inc. now owns 4,606 shares of the company’s stock valued at $112,000 after buying an additional 2,007 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Flagstar Bancorp by 494.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,215 shares of the company’s stock valued at $127,000 after buying an additional 4,337 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of Flagstar Bancorp by 71.1% in the second quarter. Panagora Asset Management Inc. now owns 8,077 shares of the company’s stock valued at $197,000 after buying an additional 3,355 shares in the last quarter. Allianz Asset Management AG acquired a new position in shares of Flagstar Bancorp during the second quarter valued at approximately $252,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Flagstar Bancorp by 270.0% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 11,100 shares of the company’s stock valued at $271,000 after buying an additional 8,100 shares in the last quarter. 95.44% of the stock is currently owned by institutional investors.
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. The Company operates through three segments: Mortgage Originations, Mortgage Servicing and Community Banking. Through Mortgage Originations segment, it originates, acquires and sells one- to four-family residential mortgage loans.
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