Flagstar Bancorp, Inc. (NYSE:FBC)‘s stock had its “buy” rating reiterated by research analysts at B. Riley in a research note issued on Tuesday. They presently have a $42.00 price target on the savings and loans company’s stock. B. Riley’s price objective suggests a potential upside of 18.91% from the company’s previous close.

Several other brokerages have also recently commented on FBC. Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Friday, July 28th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $35.00 price objective on shares of Flagstar Bancorp in a research note on Monday, August 28th. ValuEngine raised shares of Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub cut shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Boenning Scattergood set a $40.00 price objective on shares of Flagstar Bancorp and gave the company a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.57.

Shares of Flagstar Bancorp (FBC) traded up $0.45 during trading hours on Tuesday, reaching $35.32. 84,600 shares of the company traded hands, compared to its average volume of 185,939. The stock has a market capitalization of $1,993.92, a PE ratio of 14.77 and a beta of 1.01. Flagstar Bancorp has a 12 month low of $25.06 and a 12 month high of $38.26. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 4.04.

Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings data on Tuesday, October 24th. The savings and loans company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The company had revenue of $103.00 million during the quarter, compared to analysts’ expectations of $100.80 million. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.77%. Flagstar Bancorp’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 earnings per share. equities analysts anticipate that Flagstar Bancorp will post 2.38 earnings per share for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of Flagstar Bancorp by 0.5% in the 2nd quarter. US Bancorp DE now owns 4,205 shares of the savings and loans company’s stock worth $130,000 after acquiring an additional 23 shares during the last quarter. UBS Group AG lifted its holdings in shares of Flagstar Bancorp by 0.7% in the 1st quarter. UBS Group AG now owns 11,500 shares of the savings and loans company’s stock worth $324,000 after acquiring an additional 83 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of 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 worth $159,000 after acquiring an additional 225 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Flagstar Bancorp by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,411 shares of the savings and loans company’s stock worth $536,000 after acquiring an additional 376 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Flagstar Bancorp by 2.1% in the 2nd quarter. Rhumbline Advisers now owns 27,702 shares of the savings and loans company’s stock worth $854,000 after acquiring an additional 568 shares during the last quarter. Hedge funds and other institutional investors own 96.49% 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.

Analyst Recommendations for Flagstar Bancorp (NYSE:FBC)

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