Flagstar Bancorp Inc. (FBC) Reaches New 1-Year High at $25.15
Flagstar Bancorp Inc. (NYSE:FBC) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $25.15 and last traded at $25.08, with a volume of 178,970 shares traded. The stock had previously closed at $24.76.
Several research analysts have weighed in on FBC shares. Zacks Investment Research cut Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Compass Point boosted their price objective on Flagstar Bancorp from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 5th. Boenning Scattergood started coverage on Flagstar Bancorp in a research report on Wednesday, June 29th. They issued an “outperform” rating and a $26.50 price objective on the stock. FBR & Co reissued a “buy” rating on shares of Flagstar Bancorp in a research report on Wednesday, April 27th. Finally, Piper Jaffray Cos. started coverage on Flagstar Bancorp in a research report on Friday, March 11th. They issued an “overweight” rating and a $27.00 price objective on the stock. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Flagstar Bancorp has a consensus rating of “Buy” and a consensus target price of $25.63.
The stock has a 50 day moving average price of $23.79 and a 200 day moving average price of $21.81. The company has a market cap of $1.41 billion and a price-to-earnings ratio of 10.64.
Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings data on Tuesday, April 26th. The company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.18. During the same period in the prior year, the business posted $0.43 EPS. Equities analysts expect that Flagstar Bancorp Inc. will post $2.11 earnings per share for the current fiscal year.
Other hedge funds and institutional investors recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. raised its position in Flagstar Bancorp by 268.5% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 45,698 shares of the company’s stock worth $1,056,000 after buying an additional 33,298 shares during the period. Robeco Institutional Asset Management B.V. bought a new position in Flagstar Bancorp during the fourth quarter worth $1,080,000. LSV Asset Management raised its position in Flagstar Bancorp by 466.4% in the fourth quarter. LSV Asset Management now owns 97,987 shares of the company’s stock worth $2,264,000 after buying an additional 80,687 shares during the period. Finally, Nationwide Fund Advisors raised its position in Flagstar Bancorp by 10.7% in the fourth quarter. Nationwide Fund Advisors now owns 206,993 shares of the company’s stock worth $4,784,000 after buying an additional 20,074 shares during the period.
Flagstar Bancorp, Inc is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB. The Company operates through three segments: Mortgage Originations, Mortgage Servicing and Community Banking. Through Mortgage Originations segment, it originates, acquires and sells one- to four-family residential mortgage loans.
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