Keefe, Bruyette & Woods Reaffirms “Market Perform” Rating for Flagstar Bancorp Inc. (FBC)
FBC has been the topic of a number of other reports. FBR & Co upped their price objective on Flagstar Bancorp from $28.00 to $30.00 and gave the company an outperform rating in a report on Wednesday, July 27th. Wedbush began coverage on Flagstar Bancorp in a research report on Monday, October 10th. They set a neutral rating and a $30.00 target price for the company. Zacks Investment Research downgraded Flagstar Bancorp from a buy rating to a hold rating in a research report on Wednesday, June 22nd. Piper Jaffray Cos. downgraded Flagstar Bancorp from an overweight rating to a neutral rating and set a $27.00 target price for the company. in a research report on Wednesday, July 27th. Finally, Sandler O’Neill downgraded Flagstar Bancorp from a buy rating to a hold rating in a research report on Friday, September 23rd. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $26.50.
Shares of Flagstar Bancorp (NYSE:FBC) opened at 27.05 on Wednesday. Flagstar Bancorp has a 12 month low of $17.25 and a 12 month high of $28.54. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 11.56 and a beta of 2.10. The company has a 50-day moving average price of $27.72 and a 200-day moving average price of $25.20.
Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.10. Flagstar Bancorp had a return on equity of 12.96% and a net margin of 19.67%. During the same period last year, the business posted $0.68 EPS. Equities analysts forecast that Flagstar Bancorp will post $2.29 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Glenmede Trust Co. NA purchased a new position in Flagstar Bancorp during the first quarter valued at approximately $703,000. Virginia Retirement System purchased a new position in Flagstar Bancorp during the first quarter valued at approximately $412,000. Los Angeles Capital Management & Equity Research Inc. increased its position in Flagstar Bancorp by 57.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,870 shares of the company’s stock valued at $705,000 after buying an additional 11,980 shares in the last quarter. BlackRock Group LTD increased its position in Flagstar Bancorp by 9.0% in the first quarter. BlackRock Group LTD now owns 75,532 shares of the company’s stock valued at $1,621,000 after buying an additional 6,247 shares in the last quarter. Finally, Menta Capital LLC increased its position in Flagstar Bancorp by 97.2% in the first quarter. Menta Capital LLC now owns 35,300 shares of the company’s stock valued at $758,000 after buying an additional 17,400 shares in the last quarter. Hedge funds and other institutional investors own 95.44% of the company’s stock.
About Flagstar Bancorp
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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