Flagstar Bancorp Inc. (FBC) Hits New 1-Year High at $27.90
Shares of Flagstar Bancorp Inc. (NYSE:FBC) hit a new 52-week high during trading on Thursday . The company traded as high as $27.90 and last traded at $27.81, with a volume of 52,807 shares. The stock had previously closed at $27.55.
A number of equities analysts have commented on the company. FBR & Co increased their price target on Flagstar Bancorp from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Piper Jaffray Cos. cut Flagstar Bancorp from an “overweight” rating to a “neutral” rating and set a $27.00 price target for the company. in a report on Wednesday, July 27th. Keefe, Bruyette & Woods cut Flagstar Bancorp from an “outperform” rating to a “market perform” rating and increased their price target for the company from $26.00 to $27.50 in a report on Wednesday, July 27th. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Friday, June 3rd. Finally, TheStreet raised Flagstar Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $26.06.
The stock has a market cap of $1.58 billion and a price-to-earnings ratio of 11.91. The company has a 50 day moving average price of $26.45 and a 200-day moving average price of $22.99.
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, beating analysts’ consensus estimates of $0.56 by $0.10. During the same quarter last year, the business posted $0.68 EPS. On average, equities analysts forecast that Flagstar Bancorp Inc. will post $2.29 EPS 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 shares of Flagstar Bancorp Inc. (NYSE:FBC) by 268.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 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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