Flagstar Bancorp Inc. (FBC) Rating Reiterated by Keefe, Bruyette & Woods
Flagstar Bancorp Inc. (NYSE:FBC)‘s stock had its “market perform” rating reaffirmed by stock analysts at Keefe, Bruyette & Woods in a note issued to investors on Wednesday.
A number of other equities analysts have also recently weighed in on FBC. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, June 21st. Boenning Scattergood began coverage on Flagstar Bancorp in a report on Wednesday, June 29th. They set an “outperform” rating and a $26.50 target price for the company. FBR & Co reissued a “buy” rating on shares of Flagstar Bancorp in a report on Tuesday, June 28th. Piper Jaffray Cos. lowered Flagstar Bancorp from an “overweight” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research report on Wednesday, July 27th. Finally, Sandler O’Neill lowered Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, September 23rd. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Flagstar Bancorp has an average rating of “Hold” and an average price target of $26.50.
Shares of Flagstar Bancorp (NYSE:FBC) traded up 0.77% during midday trading on Wednesday, hitting $27.64. The company had a trading volume of 70,914 shares. The company has a 50-day moving average of $27.77 and a 200-day moving average of $25.12. Flagstar Bancorp has a 12 month low of $17.25 and a 12 month high of $28.54. The company has a market capitalization of $1.56 billion, a PE ratio of 11.81 and a beta of 2.10.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/flagstar-bancorp-inc-fbc-rating-reiterated-by-keefe-bruyette-woods.html
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the business posted $0.68 earnings per share. Analysts predict that Flagstar Bancorp will post $2.29 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FBC. Convergence Investment Partners LLC raised its position in Flagstar Bancorp by 0.6% in the second quarter. Convergence Investment Partners LLC now owns 113,224 shares of the company’s stock valued at $2,764,000 after buying an additional 697 shares in the last quarter. Virginia Retirement System purchased a new position in Flagstar Bancorp during the first quarter valued at approximately $412,000. Nordea Investment Management AB purchased a new position in Flagstar Bancorp during the second quarter valued at approximately $1,451,000. Tower Research Capital LLC TRC raised its position in 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. Finally, Menta Capital LLC raised its position in Flagstar Bancorp by 97.2% in the first quarter. Menta Capital LLC now owns 35,300 shares of the company’s stock valued at $758,000 after buying an additional 17,400 shares in the last quarter. Institutional investors and hedge funds own 95.44% 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. 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.
Receive News & Ratings for Flagstar Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flagstar Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.