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.

Analyst Recommendations for Flagstar Bancorp (NYSE:FBC)

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.

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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.

5 Day Chart for NYSE:FBC

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