Flagstar Bancorp Inc. (FBC) Hits New 12-Month High at $26.62
Flagstar Bancorp Inc. (NYSE:FBC) reached a new 52-week high during trading on Friday . The company traded as high as $26.62 and last traded at $26.60, with a volume of 84,169 shares traded. The stock had previously closed at $26.20.
A number of equities research analysts recently commented on the company. TheStreet upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th. Keefe, Bruyette & Woods upgraded Flagstar Bancorp from a “market perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a research report on Tuesday, June 28th. Zacks Investment Research downgraded Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Finally, FBR & Co restated a “buy” rating on shares of Flagstar Bancorp in a research report on Tuesday, June 28th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Flagstar Bancorp currently has a consensus rating of “Buy” and an average target price of $25.63.
The firm has a 50 day moving average of $24.44 and a 200 day moving average of $22.04. The firm has a market cap of $1.51 billion and a PE ratio of 11.35.
Flagstar Bancorp (NYSE:FBC) last posted its earnings results on Tuesday, April 26th. The company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.18. During the same period last year, the firm earned $0.43 EPS. Analysts anticipate that Flagstar Bancorp Inc. will post $2.12 EPS for the current year.
Several large investors have bought and sold shares of the stock. Nationwide Fund Advisors boosted its stake 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. Robeco Institutional Asset Management B.V. acquired a new stake in Flagstar Bancorp during the fourth quarter worth approximately $1,080,000. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake 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.
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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