Other equities analysts have also issued research reports about the stock. FBR & Co boosted their price objective on shares of Flagstar Bancorp from $28.00 to $30.00 and gave the stock an outperform rating in a report on Wednesday, July 27th. Piper Jaffray Cos. lowered shares of Flagstar Bancorp from an overweight rating to a neutral rating and set a $27.00 price objective on the stock. in a report on Wednesday, July 27th. Zacks Investment Research upgraded shares of Flagstar Bancorp from a hold rating to a strong-buy rating and set a $28.00 price objective on the stock in a report on Wednesday, June 29th. Boenning Scattergood began coverage on shares of Flagstar Bancorp in a report on Wednesday, June 29th. They issued an outperform rating and a $26.50 price objective on the stock. Finally, Wedbush began coverage on shares of Flagstar Bancorp in a report on Monday, October 10th. They issued a neutral rating and a $30.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $26.50.
Shares of Flagstar Bancorp (NYSE:FBC) opened at 26.88 on Wednesday. Flagstar Bancorp has a 12 month low of $17.25 and a 12 month high of $28.54. The firm has a market cap of $1.52 billion, a P/E ratio of 11.49 and a beta of 2.10. The company has a 50-day moving average of $27.69 and a 200-day moving average of $25.29.
Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.10. Flagstar Bancorp had a net margin of 19.67% and a return on equity of 12.96%. During the same period last year, the company posted $0.68 EPS. Equities analysts forecast that Flagstar Bancorp will post $2.29 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Convergence Investment Partners LLC increased its stake in shares of Flagstar Bancorp by 0.6% in the second quarter. Convergence Investment Partners LLC now owns 113,224 shares of the company’s stock worth $2,764,000 after buying an additional 697 shares in the last quarter. Virginia Retirement System acquired a new stake in shares of Flagstar Bancorp during the first quarter worth $412,000. Nordea Investment Management AB acquired a new stake in shares of Flagstar Bancorp during the second quarter worth $1,451,000. Prudential Financial Inc. increased its stake in shares of Flagstar Bancorp by 20.3% in the second quarter. Prudential Financial Inc. now owns 268,850 shares of the company’s stock worth $6,562,000 after buying an additional 45,280 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake 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 worth $127,000 after buying an additional 4,337 shares in the last quarter. 95.44% of the stock is owned by institutional investors and hedge funds.
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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