Shares of Flagstar Bancorp Inc (NYSE:FBC) have been assigned a consensus rating of “Hold” from the nine brokerages that are covering the firm. Six analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $28.38.
A number of research analysts have recently issued reports on the company. TheStreet downgraded Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, November 30th. Wedbush reiterated a “neutral” rating and issued a $30.00 price target on shares of Flagstar Bancorp in a report on Thursday, December 1st. Zacks Investment Research upgraded Flagstar Bancorp from a “sell” rating to a “hold” rating in a report on Monday, March 13th. Piper Jaffray Companies upgraded Flagstar Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 price target on the stock in a report on Monday, February 13th. Finally, FBR & Co reiterated a “buy” rating on shares of Flagstar Bancorp in a report on Tuesday, February 7th.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its stake in Flagstar Bancorp by 1.6% in the third quarter. Victory Capital Management Inc. now owns 4,678 shares of the company’s stock valued at $130,000 after buying an additional 72 shares in the last quarter. 1st Global Advisors Inc. bought a new stake in Flagstar Bancorp during the third quarter valued at about $243,000. Blue Rock Advisors LLC bought a new stake in Flagstar Bancorp during the third quarter valued at about $328,000. FMR LLC bought a new stake in Flagstar Bancorp during the fourth quarter valued at about $374,000. Finally, Alps Advisors Inc. bought a new stake in Flagstar Bancorp during the third quarter valued at about $421,000. Institutional investors and hedge funds own 95.27% of the company’s stock.
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Shares of Flagstar Bancorp (NYSE:FBC) opened at 28.21 on Tuesday. The stock has a market capitalization of $1.61 billion, a PE ratio of 10.61 and a beta of 1.10. The company has a 50-day moving average price of $27.47 and a 200 day moving average price of $27.42. Flagstar Bancorp has a 52 week low of $20.35 and a 52 week high of $29.64.
Flagstar Bancorp (NYSE:FBC) last issued its earnings results on Tuesday, January 24th. The company reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.04. The firm had revenue of $87 million for the quarter, compared to the consensus estimate of $80.87 million. Flagstar Bancorp had a net margin of 18.92% and a return on equity of 11.90%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last year, the firm earned $0.44 earnings per share. Equities analysts forecast that Flagstar Bancorp will post $2.20 EPS for the current fiscal year.
Flagstar Bancorp Company Profile
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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