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.

ILLEGAL ACTIVITY WARNING: “Flagstar Bancorp, Inc. (FBC) Given a $40.00 Price Target by Boenning Scattergood Analysts” was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.dailypolitical.com/2017/11/15/flagstar-bancorp-inc-fbc-given-a-40-00-price-target-by-boenning-scattergood-analysts.html.

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.

Analyst Recommendations for Flagstar Bancorp (NYSE:FBC)

Receive News & Ratings for Flagstar Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flagstar Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.