Shares of Flagstar Bancorp, Inc. (NYSE:FBC) have been assigned an average rating of “Buy” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $35.40.

A number of research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Flagstar Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research downgraded shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Raymond James Financial, Inc. assumed coverage on shares of Flagstar Bancorp in a research report on Thursday, August 31st. They issued an “outperform” rating and a $36.00 price target on the stock. Boenning Scattergood restated a “buy” rating on shares of Flagstar Bancorp in a research report on Tuesday, June 13th. Finally, FBR & Co restated an “outperform” rating and issued a $35.00 price target (up previously from $32.00) on shares of Flagstar Bancorp in a research report on Wednesday, July 26th.

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A number of hedge funds have recently made changes to their positions in the business. US Bancorp DE increased its stake in Flagstar Bancorp by 0.5% during the 2nd quarter. US Bancorp DE now owns 4,205 shares of the savings and loans company’s stock valued at $130,000 after purchasing an additional 23 shares in the last quarter. UBS Group AG increased its stake in Flagstar Bancorp by 0.7% during the 1st quarter. UBS Group AG now owns 11,500 shares of the savings and loans company’s stock valued at $324,000 after purchasing an additional 83 shares in the last quarter. Legal & General Group Plc increased its stake in Flagstar Bancorp by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 5,183 shares of the savings and loans company’s stock valued at $159,000 after purchasing an additional 225 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Flagstar Bancorp by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,411 shares of the savings and loans company’s stock valued at $536,000 after purchasing an additional 376 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Flagstar Bancorp by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 27,702 shares of the savings and loans company’s stock valued at $854,000 after purchasing an additional 568 shares in the last quarter. Institutional investors and hedge funds own 96.25% of the company’s stock.

Shares of Flagstar Bancorp (NYSE:FBC) traded up 1.32% during trading on Friday, reaching $32.30. 66,709 shares of the company traded hands. The company has a 50 day moving average price of $31.97 and a 200 day moving average price of $29.90. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 12.38 and a beta of 0.86. Flagstar Bancorp has a 12-month low of $25.06 and a 12-month high of $33.44.

Flagstar Bancorp (NYSE:FBC) last posted its earnings results on Tuesday, July 25th. The savings and loans company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.09. The firm had revenue of $97 million for the quarter, compared to analyst estimates of $87.95 million. Flagstar Bancorp had a net margin of 16.52% and a return on equity of 10.15%. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 EPS. On average, equities analysts predict that Flagstar Bancorp will post $2.37 EPS for the current year.

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.

Analyst Recommendations for Flagstar Bancorp (NYSE:FBC)

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