Flagstar Bancorp, Inc. (FBC) Given a $40.00 Price Target by Boenning Scattergood Analysts
Boenning Scattergood set a $40.00 price objective on Flagstar Bancorp, Inc. (NYSE:FBC) in a report issued on Tuesday morning. The firm currently has a buy rating on the savings and loans company’s stock.
A number of other equities analysts have also weighed in on FBC. Zacks Investment Research raised Flagstar Bancorp from a hold rating to a buy rating and set a $36.00 price objective for the company in a research note on Thursday, September 7th. Piper Jaffray Companies reaffirmed a buy rating and issued a $35.00 price objective on shares of Flagstar Bancorp in a research note on Wednesday, July 26th. B. Riley reaffirmed a buy rating on shares of Flagstar Bancorp in a research note on Wednesday, November 1st. FBR & Co reaffirmed an outperform rating and issued a $35.00 price objective (up previously from $32.00) on shares of Flagstar Bancorp in a research note on Wednesday, July 26th. Finally, ValuEngine lowered Flagstar Bancorp from a buy rating to a hold rating in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of $39.57.
Shares of Flagstar Bancorp (NYSE:FBC) traded up $0.92 on Tuesday, reaching $36.24. The company’s stock had a trading volume of 211,700 shares, compared to its average volume of 186,056. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.80 and a current ratio of 1.36. The stock has a market capitalization of $2,019.65, a PE ratio of 14.97 and a beta of 1.01. Flagstar Bancorp has a fifty-two week low of $25.06 and a fifty-two week high of $38.26.
Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $103.00 million during the quarter, compared to analysts’ expectations of $100.80 million. Flagstar Bancorp had a return on equity of 9.77% and a net margin of 14.56%. The business’s quarterly revenue was up 28.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.96 earnings per share. equities research analysts forecast that Flagstar Bancorp will post 2.37 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in FBC. EJF Capital LLC boosted its stake in Flagstar Bancorp by 57.8% during the third quarter. EJF Capital LLC now owns 1,183,841 shares of the savings and loans company’s stock valued at $42,003,000 after buying an additional 433,841 shares during the last quarter. Teachers Advisors LLC boosted its stake in Flagstar Bancorp by 1,159.3% during the first quarter. Teachers Advisors LLC now owns 392,776 shares of the savings and loans company’s stock valued at $11,072,000 after buying an additional 361,586 shares during the last quarter. Federated Investors Inc. PA boosted its stake in Flagstar Bancorp by 121.5% during the second quarter. Federated Investors Inc. PA now owns 443,162 shares of the savings and loans company’s stock valued at $13,658,000 after buying an additional 243,052 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Flagstar Bancorp by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,102,158 shares of the savings and loans company’s stock valued at $95,609,000 after buying an additional 232,925 shares during the last quarter. Finally, Jacobs Asset Management LLC boosted its stake in Flagstar Bancorp by 55.7% during the third quarter. Jacobs Asset Management LLC now owns 325,000 shares of the savings and loans company’s stock valued at $11,531,000 after buying an additional 116,310 shares during the last quarter. 96.49% of the stock is owned by institutional investors.
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. It operates through four segments: Community Banking, Mortgage Originations, Mortgage Servicing, and Other. Through Mortgage Originations segment, it originates, acquires and sells one- to four-family residential mortgage loans.
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