Flagstar Bancorp Inc. (FBC) Reaches New 12-Month High at $28.14
Shares of Flagstar Bancorp Inc. (NYSE:FBC) hit a new 52-week high during trading on Friday . The company traded as high as $28.14 and last traded at $27.83, with a volume of 161,634 shares changing hands. The stock had previously closed at $27.86.
A number of analysts recently commented on FBC shares. Boenning Scattergood started coverage on Flagstar Bancorp in a research report on Wednesday, June 29th. They set an “outperform” rating and a $26.50 price target for the company. FBR & Co reissued a “buy” rating on shares of Flagstar Bancorp in a report on Tuesday, June 28th. Zacks Investment Research lowered Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Compass Point increased their price objective on Flagstar Bancorp from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 5th. Finally, Keefe, Bruyette & Woods lowered Flagstar Bancorp from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $26.00 to $27.50 in a report on Wednesday, July 27th. Four equities research 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 company presently has an average rating of “Buy” and a consensus price target of $26.06.
The stock has a market cap of $1.57 billion and a price-to-earnings ratio of 11.89. The firm’s 50 day moving average price is $26.85 and its 200-day moving average price is $23.34.
Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.56 by $0.10. During the same period in the previous year, the business earned $0.68 earnings per share. Analysts forecast that Flagstar Bancorp Inc. will post $2.29 EPS for the current fiscal year.
A hedge fund recently raised its stake in Flagstar Bancorp stock. Schwab Charles Investment Management Inc. boosted its stake in Flagstar Bancorp Inc. (NYSE:FBC) by 10.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,591 shares of the company’s stock after buying an additional 7,398 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.13% of Flagstar Bancorp worth $1,747,000 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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