Flagstar Bancorp Inc. (FBC) Reaches New 52-Week High at $27.90
Shares of Flagstar Bancorp Inc. (NYSE:FBC) reached a new 52-week high on Thursday . The company traded as high as $27.90 and last traded at $27.81, with a volume of 52,807 shares trading hands. The stock had previously closed at $27.55.
A number of analysts have weighed in on the company. Keefe, Bruyette & Woods cut Flagstar Bancorp from an “outperform” rating to a “market perform” rating and raised their price target for the company from $26.00 to $27.50 in a research note 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 on the stock. in a research note on Wednesday, July 27th. FBR & Co raised their price target on Flagstar Bancorp from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research note on Wednesday, June 29th. Finally, Boenning Scattergood assumed coverage on Flagstar Bancorp in a research 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 issued a strong buy rating to the company’s stock. Flagstar Bancorp presently has an average rating of “Buy” and a consensus target price of $26.06.
The stock’s 50-day moving average is $26.25 and its 200 day moving average is $22.89. The company has a market cap of $1.57 billion and a PE ratio of 11.88.
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.10. During the same period in the previous year, the business posted $0.68 EPS. On average, equities analysts expect that Flagstar Bancorp Inc. will post $2.29 earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in Flagstar Bancorp stock. Piermont Capital Management Inc. acquired a new position in shares of Flagstar Bancorp Inc. (NYSE:FBC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 73,484 shares of the company’s stock, valued at approximately $1,698,000. Piermont Capital Management Inc. owned about 0.13% of Flagstar Bancorp at the end of the most recent reporting period.
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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