Flagstar Bancorp Inc (FBC) Lifted to “B” at TheStreet
Flagstar Bancorp Inc (NYSE:FBC) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued on Wednesday.
Several other analysts have also commented on the company. Stephens initiated coverage on Flagstar Bancorp in a report on Thursday, March 23rd. They issued an “equal weight” rating on the stock. Zacks Investment Research raised Flagstar Bancorp from a “sell” rating to a “hold” rating in a report on Monday, March 13th. FBR & Co reissued a “buy” rating on shares of Flagstar Bancorp in a report on Tuesday, February 7th. Piper Jaffray Companies raised Flagstar Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 price objective on the stock in a report on Monday, February 13th. Finally, Wedbush raised Flagstar Bancorp from a “neutral” rating to an “outperform” rating and set a $35.00 price objective on the stock in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $30.17.
Flagstar Bancorp (NYSE:FBC) traded up 0.21% during trading on Wednesday, hitting $28.82. The stock had a trading volume of 66,116 shares. The firm has a 50 day moving average of $28.98 and a 200-day moving average of $27.76. Flagstar Bancorp has a one year low of $21.78 and a one year high of $30.70. The company has a market cap of $1.64 billion, a P/E ratio of 11.18 and a beta of 1.10.
Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings data on Tuesday, April 25th. The savings and loans company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.36 by $0.10. Flagstar Bancorp had a return on equity of 11.90% and a net margin of 18.92%. The company had revenue of $183 million for the quarter, compared to analyst estimates of $172.90 million. During the same period last year, the company earned $0.54 earnings per share. Equities analysts anticipate that Flagstar Bancorp will post $2.24 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Flagstar Bancorp by 5.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,869,233 shares of the savings and loans company’s stock valued at $80,884,000 after buying an additional 159,378 shares during the period. Vanguard Group Inc. increased its position in Flagstar Bancorp by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,626,980 shares of the savings and loans company’s stock valued at $74,055,000 after buying an additional 32,701 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Flagstar Bancorp by 1.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,091,268 shares of the savings and loans company’s stock valued at $30,283,000 after buying an additional 16,992 shares during the period. Renaissance Technologies LLC increased its position in Flagstar Bancorp by 44.5% in the fourth quarter. Renaissance Technologies LLC now owns 878,612 shares of the savings and loans company’s stock valued at $23,670,000 after buying an additional 270,612 shares during the period. Finally, AQR Capital Management LLC increased its position in Flagstar Bancorp by 54.2% in the first quarter. AQR Capital Management LLC now owns 442,062 shares of the savings and loans company’s stock valued at $12,462,000 after buying an additional 155,355 shares during the period. Institutional investors and hedge funds own 95.27% 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. It operates through four segments: Community Banking, Mortgage Originations, Mortgage Servicing, and Other. Through Mortgage Originations segment, it originates, acquires and sells one- to four-family residential mortgage loans.
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