Flagstar Bancorp Inc. (FBC) Receives New Coverage from Analysts at Wedbush
FBC has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Flagstar Bancorp from a buy rating to a hold rating in a research report on Tuesday, September 27th. Sandler O’Neill lowered shares of Flagstar Bancorp from a buy rating to a hold rating in a research report on Friday, September 23rd. Boenning Scattergood started coverage on shares of Flagstar Bancorp in a research report on Wednesday, June 29th. They issued an outperform rating and a $26.50 price objective on the stock. FBR & Co reissued a buy rating on shares of Flagstar Bancorp in a research report on Tuesday, June 28th. Finally, Keefe, Bruyette & Woods lowered shares of Flagstar Bancorp from an outperform rating to a market perform rating and boosted their price objective for the stock from $26.00 to $27.50 in a research report on Wednesday, July 27th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $26.50.
Shares of Flagstar Bancorp (NYSE:FBC) opened at 27.00 on Monday. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 11.54 and a beta of 2.10. Flagstar Bancorp has a 12 month low of $17.25 and a 12 month high of $28.54. The stock’s 50 day moving average is $27.74 and its 200 day moving average is $25.15.
Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.10. Flagstar Bancorp had a net margin of 19.67% and a return on equity of 12.96%. During the same period last year, the firm earned $0.68 EPS. Equities research analysts forecast that Flagstar Bancorp will post $2.29 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of FBC. Victory Capital Management Inc. raised its stake in Flagstar Bancorp by 77.2% in the second quarter. Victory Capital Management Inc. now owns 4,606 shares of the company’s stock valued at $112,000 after buying an additional 2,007 shares during the period. Tower Research Capital LLC TRC raised its stake in Flagstar Bancorp by 494.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,215 shares of the company’s stock valued at $127,000 after buying an additional 4,337 shares during the period. Panagora Asset Management Inc. raised its stake in Flagstar Bancorp by 71.1% in the second quarter. Panagora Asset Management Inc. now owns 8,077 shares of the company’s stock valued at $197,000 after buying an additional 3,355 shares during the period. Allianz Asset Management AG purchased a new stake in Flagstar Bancorp during the second quarter valued at about $252,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in Flagstar Bancorp by 270.0% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 11,100 shares of the company’s stock valued at $271,000 after buying an additional 8,100 shares during the period. 95.44% of the stock is currently owned by hedge funds and other institutional investors.
Flagstar Bancorp Company Profile
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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