Flagstar Bancorp Inc. (FBC) Hits New 52-Week High at $27.32
Flagstar Bancorp Inc. (NYSE:FBC) hit a new 52-week high on Friday . The stock traded as high as $27.32 and last traded at $27.25, with a volume of 49,605 shares trading hands. The stock had previously closed at $26.81.
Several equities research analysts have recently weighed in on the stock. FBR & Co increased their target price on shares of Flagstar Bancorp from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. TheStreet raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. Keefe, Bruyette & Woods raised shares of Flagstar Bancorp from a “market perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a research note on Tuesday, June 28th. Zacks Investment Research downgraded shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. Finally, Piper Jaffray Cos. downgraded shares of Flagstar Bancorp from an “overweight” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research note on Wednesday, July 27th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $26.06.
The company’s 50-day moving average price is $25.11 and its 200-day moving average price is $22.34. The firm has a market cap of $1.55 billion and a price-to-earnings ratio of 11.67.
Flagstar Bancorp (NYSE:FBC) last announced its earnings results on Tuesday, July 26th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.10. During the same quarter last year, the firm posted $0.68 EPS. On average, analysts expect that Flagstar Bancorp Inc. will post $2.29 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Flagstar Bancorp stock. Cornerstone Capital Management Holdings LLC. raised its stake in Flagstar Bancorp Inc. (NYSE:FBC) by 268.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 45,698 shares of the company’s stock after buying an additional 33,298 shares during the period. Cornerstone Capital Management Holdings LLC. owned about 0.08% of Flagstar Bancorp worth $1,056,000 as of its most recent filing with the SEC.
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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