Flagstar Bancorp Inc (FBC) Receives Consensus Recommendation of “Buy” from Analysts

Flagstar Bancorp Inc (NYSE:FBC) has been given an average rating of “Buy” by the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $39.57.

FBC has been the topic of several analyst reports. B. Riley restated a “buy” rating and set a $42.00 price objective on shares of Flagstar Bancorp in a report on Wednesday, December 27th. Boenning Scattergood set a $40.00 target price on Flagstar Bancorp and gave the company a “buy” rating in a report on Wednesday, December 27th. ValuEngine upgraded Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. FBR & Co reiterated a “buy” rating and issued a $42.00 target price (up previously from $35.00) on shares of Flagstar Bancorp in a report on Wednesday, October 25th. Finally, Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Thursday, October 26th.

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

A number of large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. raised its position in Flagstar Bancorp by 117.3% in the fourth quarter. American Century Companies Inc. now owns 182,339 shares of the savings and loans company’s stock valued at $6,823,000 after purchasing an additional 98,438 shares during the period. SeaCrest Wealth Management LLC purchased a new position in Flagstar Bancorp in the fourth quarter valued at about $1,807,000. LSV Asset Management raised its position in Flagstar Bancorp by 18.9% in the fourth quarter. LSV Asset Management now owns 331,124 shares of the savings and loans company’s stock valued at $12,390,000 after purchasing an additional 52,700 shares during the period. Strs Ohio purchased a new position in Flagstar Bancorp in the fourth quarter valued at about $823,000. Finally, Acadian Asset Management LLC raised its position in Flagstar Bancorp by 206.6% in the fourth quarter. Acadian Asset Management LLC now owns 55,407 shares of the savings and loans company’s stock valued at $2,073,000 after purchasing an additional 37,334 shares during the period. 97.30% of the stock is currently owned by institutional investors.

Flagstar Bancorp (FBC) traded down $0.34 during mid-day trading on Tuesday, hitting $35.56. The stock had a trading volume of 137,362 shares, compared to its average volume of 190,453. Flagstar Bancorp has a 1-year low of $25.37 and a 1-year high of $40.06. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 4.04. The firm has a market capitalization of $2,020.00, a PE ratio of 32.85 and a beta of 1.20.

Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings data on Tuesday, January 23rd. The savings and loans company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. Flagstar Bancorp had a return on equity of 10.14% and a net margin of 6.32%. The business had revenue of $107.00 million for the quarter, compared to analysts’ expectations of $103.91 million. During the same quarter last year, the firm earned $0.49 earnings per share. The business’s revenue was up 23.0% on a year-over-year basis. sell-side analysts forecast that Flagstar Bancorp will post 3.27 EPS for the current year.

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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.

Analyst Recommendations for Flagstar Bancorp (NYSE:FBC)

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