Flagstar Bancorp (FBC) Given a $40.00 Price Target at Boenning Scattergood

Flagstar Bancorp (NYSE:FBC) received a $40.00 price objective from Boenning Scattergood in a research note issued on Wednesday. The firm presently has a “buy” rating on the savings and loans company’s stock. Boenning Scattergood’s price target suggests a potential upside of 6.38% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Thursday, September 7th. FBR & Co reaffirmed a “buy” rating and set a $42.00 price objective (up from $35.00) on shares of Flagstar Bancorp in a research note on Wednesday, October 25th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $40.00 price objective on shares of Flagstar Bancorp in a research note on Thursday, October 19th. ValuEngine lowered shares of Flagstar Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, B. Riley reaffirmed a “buy” rating on shares of Flagstar Bancorp in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $39.57.

Shares of Flagstar Bancorp (FBC) opened at $37.60 on Wednesday. Flagstar Bancorp has a 1-year low of $25.06 and a 1-year high of $38.79. The company has a debt-to-equity ratio of 4.04, a current ratio of 1.36 and a quick ratio of 0.80. The firm has a market cap of $2,171.18, a PE ratio of 15.93 and a beta of 1.05.

Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.01. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.77%. The company had revenue of $103.00 million during the quarter, compared to the consensus estimate of $100.80 million. During the same period in the prior year, the company earned $0.96 EPS. Flagstar Bancorp’s revenue was up 28.8% on a year-over-year basis. equities research analysts anticipate that Flagstar Bancorp will post 2.36 earnings per share for the current fiscal year.

In other news, COO Lee Matthew Smith sold 3,000 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $36.60, for a total value of $109,800.00. Following the completion of the sale, the chief operating officer now directly owns 70,254 shares of the company’s stock, valued at $2,571,296.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 63.00% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System lifted its position in shares of Flagstar Bancorp by 35.5% in the third quarter. California Public Employees Retirement System now owns 27,367 shares of the savings and loans company’s stock worth $971,000 after purchasing an additional 7,167 shares in the last quarter. Jacobs Asset Management LLC lifted its position in shares of Flagstar Bancorp by 55.7% in the third quarter. Jacobs Asset Management LLC now owns 325,000 shares of the savings and loans company’s stock worth $11,531,000 after purchasing an additional 116,310 shares in the last quarter. EJF Capital LLC lifted its position in shares of Flagstar Bancorp by 57.8% in the third quarter. EJF Capital LLC now owns 1,183,841 shares of the savings and loans company’s stock worth $42,003,000 after purchasing an additional 433,841 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Flagstar Bancorp by 4.7% in the third quarter. Dimensional Fund Advisors LP now owns 3,249,040 shares of the savings and loans company’s stock worth $115,276,000 after purchasing an additional 146,882 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Flagstar Bancorp by 5.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 96,451 shares of the savings and loans company’s stock worth $3,423,000 after purchasing an additional 4,980 shares in the last quarter. 97.53% of the stock is owned by institutional investors and hedge funds.

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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.