Flagstar Bancorp Inc (NYSE:FBC) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other brokerages have also recently weighed in on FBC. Piper Jaffray Companies upgraded shares of Flagstar Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 price target on the stock in a research report on Monday, February 13th. FBR & Co restated a “buy” rating on shares of Flagstar Bancorp in a research report on Tuesday, February 7th. Zacks Investment Research cut shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Wedbush upgraded shares of Flagstar Bancorp from a “neutral” rating to an “outperform” rating and set a $35.00 price target on the stock in a research report on Wednesday, April 26th. Finally, TheStreet upgraded shares of Flagstar Bancorp from a “c+” rating to a “b” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.17.

Analyst Recommendations for Flagstar Bancorp (NYSE:FBC)

Shares of Flagstar Bancorp (NYSE:FBC) remained flat at $28.76 on Friday. The stock had a trading volume of 79,248 shares. The firm’s 50-day moving average price is $28.98 and its 200-day moving average price is $27.76. Flagstar Bancorp has a one year low of $21.78 and a one year high of $30.70. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 11.16 and a beta of 1.10.

Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings results on Tuesday, April 25th. The savings and loans company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.10. Flagstar Bancorp had a net margin of 18.92% and a return on equity of 11.90%. The company had revenue of $183 million for the quarter, compared to analysts’ expectations of $172.90 million. During the same quarter in the previous year, the business posted $0.54 earnings per share. Equities analysts anticipate that Flagstar Bancorp will post $2.24 EPS for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC boosted 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 worth $12,462,000 after buying an additional 155,355 shares during the period. BlueCrest Capital Management Ltd purchased a new position in Flagstar Bancorp during the first quarter worth $2,831,000. Bank of America Corp DE boosted its position in Flagstar Bancorp by 2.7% in the first quarter. Bank of America Corp DE now owns 116,669 shares of the savings and loans company’s stock worth $3,289,000 after buying an additional 3,079 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Flagstar Bancorp by 5.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 90,702 shares of the savings and loans company’s stock worth $2,557,000 after buying an additional 4,605 shares during the period. Finally, UBS Group AG boosted its position in Flagstar Bancorp by 0.7% in the first quarter. UBS Group AG now owns 11,500 shares of the savings and loans company’s stock worth $324,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

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. 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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