Flagstar Bancorp Inc. (FBC) Sets New 52-Week High at $28.14
Flagstar Bancorp Inc. (NYSE:FBC) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $28.14 and last traded at $27.83, with a volume of 161,634 shares. The stock had previously closed at $27.86.
A number of research firms recently weighed in on FBC. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a report on Thursday, April 28th. TheStreet raised Flagstar Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, April 28th. Compass Point boosted their target price on Flagstar Bancorp from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 5th. Keefe, Bruyette & Woods raised Flagstar Bancorp from a “market perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a report on Tuesday, June 28th. Finally, Boenning Scattergood began coverage on Flagstar Bancorp in a report on Wednesday, June 29th. They set an “outperform” rating and a $26.50 target price on the stock. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $26.06.
The company’s 50-day moving average price is $26.85 and its 200 day moving average price is $23.34. The stock has a market cap of $1.57 billion and a PE ratio of 11.89.
Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.10. During the same quarter in the previous year, the firm posted $0.68 EPS. On average, equities research analysts predict that Flagstar Bancorp Inc. will post $2.29 earnings per share for the current year.
A hedge fund recently raised its stake in Flagstar Bancorp stock. Cornerstone Capital Management Holdings LLC. increased its position in Flagstar Bancorp Inc. (NYSE:FBC) by 268.5% during the fourth quarter, according to its most recent Form 13F 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 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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