Flagstar Bancorp, Inc. (FBC) Given Average Recommendation of “Hold” by Analysts
Shares of Flagstar Bancorp, Inc. (NYSE:FBC) have earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $33.50.
Several research analysts recently commented on FBC shares. TheStreet upgraded Flagstar Bancorp from a “c+” rating to a “b” rating in a research note on Wednesday, May 17th. Stephens assumed coverage on Flagstar Bancorp in a report on Thursday, March 23rd. They issued an “equal weight” rating for the company. Zacks Investment Research lowered Flagstar Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Wedbush raised Flagstar Bancorp from a “neutral” rating to an “outperform” rating and set a $35.00 price objective for the company in a report on Wednesday, April 26th. Finally, FBR & Co reissued an “outperform” rating on shares of Flagstar Bancorp in a report on Tuesday, April 25th.
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Flagstar Bancorp (FBC) traded up 0.75% during midday trading on Monday, hitting $30.75. The company had a trading volume of 217,638 shares. The firm has a 50-day moving average price of $29.82 and a 200-day moving average price of $28.11. Flagstar Bancorp has a 12 month low of $21.78 and a 12 month high of $31.57. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 11.93 and a beta of 0.90.
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings results on Tuesday, April 25th. The savings and loans company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.10. Flagstar Bancorp had a return on equity of 10.74% and a net margin of 17.51%. The business 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 firm posted $0.54 earnings per share. Equities analysts anticipate that Flagstar Bancorp will post $2.24 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the stock. TrueNorth Inc. purchased a new stake in shares of Flagstar Bancorp during the first quarter valued at $322,000. AQR Capital Management LLC raised 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. BlueCrest Capital Management Ltd bought a new position in Flagstar Bancorp during the first quarter valued at approximately $2,831,000. Bank of America Corp DE raised 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 valued at $3,289,000 after buying an additional 3,079 shares during the period. Finally, Schwab Charles Investment Management Inc. raised 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 valued at $2,557,000 after buying an additional 4,605 shares during the period. 96.37% of the stock is owned by hedge funds and other institutional investors.
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.
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