Shares of Flagstar Bancorp, Inc. (NYSE:FBC) have been given an average recommendation of “Buy” by the eleven brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $35.80.

A number of equities analysts recently issued reports on the stock. BidaskClub raised shares of Flagstar Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Boenning Scattergood reissued a “buy” rating on shares of Flagstar Bancorp in a report on Tuesday, June 13th. Zacks Investment Research downgraded shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. ValuEngine downgraded shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $35.00 price target on shares of Flagstar Bancorp in a research report on Wednesday, July 26th.

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A number of hedge funds have recently modified their holdings of FBC. US Bancorp DE boosted its stake in Flagstar Bancorp by 130.5% during the first quarter. US Bancorp DE now owns 4,182 shares of the savings and loans company’s stock worth $118,000 after buying an additional 2,368 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Flagstar Bancorp by 20.1% in the 1st quarter. Advisors Asset Management Inc. now owns 4,229 shares of the savings and loans company’s stock valued at $119,000 after buying an additional 707 shares during the period. BNP Paribas Arbitrage SA increased its holdings in Flagstar Bancorp by 105.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,281 shares of the savings and loans company’s stock valued at $132,000 after buying an additional 2,193 shares during the period. Victory Capital Management Inc. increased its holdings in Flagstar Bancorp by 30.0% in the 1st quarter. Victory Capital Management Inc. now owns 5,247 shares of the savings and loans company’s stock valued at $148,000 after buying an additional 1,212 shares during the period. Finally, Legal & General Group Plc increased its holdings in Flagstar Bancorp by 4.5% in 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 buying an additional 225 shares during the period. 96.25% of the stock is owned by hedge funds and other institutional investors.

Flagstar Bancorp (NYSE:FBC) traded down 0.22% during mid-day trading on Wednesday, hitting $35.63. 135,232 shares of the stock were exchanged. The company has a 50-day moving average price of $33.03 and a 200-day moving average price of $30.68. The company has a market cap of $2.04 billion, a P/E ratio of 13.66 and a beta of 0.83. Flagstar Bancorp has a one year low of $25.06 and a one year high of $36.19.

Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings data on Tuesday, July 25th. The savings and loans company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.09. Flagstar Bancorp had a return on equity of 10.15% and a net margin of 16.52%. The company had revenue of $97.00 million during the quarter, compared to analysts’ expectations of $87.95 million. During the same period in the prior year, the business earned $0.66 earnings per share. Flagstar Bancorp’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, analysts predict that Flagstar Bancorp will post $2.37 earnings per share for the current fiscal year.

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.

Analyst Recommendations for Flagstar Bancorp (NYSE:FBC)

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