Flagstar Bancorp Inc. (FBC) Reaches New 12-Month High at $27.32
Flagstar Bancorp Inc. (NYSE:FBC)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $27.32 and last traded at $27.25, with a volume of 49,605 shares changing hands. The stock had previously closed at $26.81.
FBC has been the topic of several recent research reports. TheStreet upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th. Boenning Scattergood began coverage on Flagstar Bancorp in a research report on Wednesday, June 29th. They set an “outperform” rating and a $26.50 target price on the stock. FBR & Co reiterated a “buy” rating on shares of Flagstar Bancorp in a research report on Tuesday, June 28th. Zacks Investment Research cut Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Finally, Compass Point boosted their target price on Flagstar Bancorp from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 5th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $26.06.
The stock has a market cap of $1.55 billion and a price-to-earnings ratio of 11.67. The company has a 50 day moving average of $25.23 and a 200 day moving average of $22.38.
Flagstar Bancorp (NYSE:FBC) last issued its earnings results on Tuesday, July 26th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.10. During the same quarter in the prior year, the firm posted $0.68 earnings per share. On average, equities research 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 position in Flagstar Bancorp Inc. (NYSE:FBC) by 268.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 0.08% of Flagstar Bancorp worth $1,056,000 at the end of the most recent reporting 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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