Flagstar Bancorp’s (FBC) Market Perform Rating Reiterated at Keefe, Bruyette & Woods
Flagstar Bancorp Inc. (NYSE:FBC)‘s stock had its “market perform” rating reiterated by equities research analysts at Keefe, Bruyette & Woods in a research report issued on Wednesday.
Other analysts have also issued research reports about the stock. FBR & Co restated a “buy” rating on shares of Flagstar Bancorp in a research report on Tuesday, June 28th. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, June 21st. Sandler O’Neill lowered shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Friday, September 23rd. Wedbush assumed coverage on shares of Flagstar Bancorp in a report on Monday. They set a “neutral” rating and a $30.00 price target on the stock. Finally, Piper Jaffray Cos. lowered shares of Flagstar Bancorp from an “overweight” rating to a “neutral” rating and set a $27.00 price target on the stock. in a report on Wednesday, July 27th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Flagstar Bancorp has a consensus rating of “Hold” and a consensus price target of $26.50.
Flagstar Bancorp (NYSE:FBC) traded up 0.62% during trading on Wednesday, reaching $27.60. The company’s stock had a trading volume of 73,902 shares. The stock’s 50-day moving average is $27.77 and its 200 day moving average is $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 cap of $1.56 billion, a P/E ratio of 11.79 and a beta of 2.10.
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Flagstar Bancorp (NYSE:FBC) last issued its earnings results on Tuesday, July 26th. The company reported $0.66 earnings per share for the quarter, beating 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 earned $0.68 EPS. On average, equities analysts forecast that Flagstar Bancorp will post $2.29 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Flagstar Bancorp by 12.5% in the second quarter. Vanguard Group Inc. now owns 2,389,288 shares of the company’s stock valued at $58,322,000 after buying an additional 265,260 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Flagstar Bancorp by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,323,858 shares of the company’s stock valued at $56,725,000 after buying an additional 177,044 shares during the last quarter. BlackRock Fund Advisors raised its position in Flagstar Bancorp by 2.4% in the second quarter. BlackRock Fund Advisors now owns 507,028 shares of the company’s stock valued at $12,377,000 after buying an additional 12,098 shares during the last quarter. State Street Corp raised its position in Flagstar Bancorp by 9.4% in the second quarter. State Street Corp now owns 373,786 shares of the company’s stock valued at $9,127,000 after buying an additional 32,019 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Flagstar Bancorp by 20.3% in the second quarter. Prudential Financial Inc. now owns 268,850 shares of the company’s stock valued at $6,562,000 after buying an additional 45,280 shares during 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.
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