Flagstar Bancorp, Inc. (NYSE:FBC) Lowered to Sell at BidaskClub
Flagstar Bancorp, Inc. (NYSE:FBC) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
Several other equities research analysts also recently commented on FBC. Stephens initiated coverage on Flagstar Bancorp in a report on Thursday, March 23rd. They issued an “equal weight” rating for the company. Zacks Investment Research upgraded Flagstar Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Wedbush upgraded Flagstar Bancorp from a “neutral” rating to an “outperform” rating and set a $35.00 price target for the company in a research note on Wednesday, April 26th. FBR & Co restated an “outperform” rating on shares of Flagstar Bancorp in a research note on Tuesday, April 25th. Finally, TheStreet upgraded Flagstar Bancorp from a “c+” rating to a “b” rating in a research note on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $30.90.
Flagstar Bancorp (FBC) traded down 1.31% during midday trading on Thursday, reaching $30.06. 168,528 shares of the company’s stock traded hands. Flagstar Bancorp has a one year low of $25.06 and a one year high of $31.57. The stock’s 50 day moving average price is $29.92 and its 200-day moving average price is $28.23. The stock has a market cap of $1.72 billion, a PE ratio of 11.65 and a beta of 0.86.
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings data on Tuesday, April 25th. The savings and loans company reported $0.46 EPS for the quarter, topping the 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 company had revenue of $183 million during the quarter, compared to the consensus estimate of $172.90 million. During the same period last year, the company earned $0.54 EPS. Equities analysts predict that Flagstar Bancorp will post $2.23 earnings per share for the current year.
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Several large investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC increased its stake in Flagstar Bancorp by 1,159.3% in the first quarter. Teachers Advisors LLC now owns 392,776 shares of the savings and loans company’s stock worth $11,072,000 after buying an additional 361,586 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Flagstar Bancorp by 125.4% in the first quarter. Nuveen Asset Management LLC now owns 578,255 shares of the savings and loans company’s stock worth $16,301,000 after buying an additional 321,734 shares in the last quarter. FSI Group LLC purchased a new stake in Flagstar Bancorp during the first quarter worth about $4,933,000. Dimensional Fund Advisors LP increased its stake 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 worth $80,884,000 after buying an additional 159,378 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake 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 in the last quarter. Institutional investors and hedge funds own 96.37% 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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