Flagstar Bancorp Inc. (FBC) Rating Reiterated by Keefe, Bruyette & Woods
Flagstar Bancorp Inc. (NYSE:FBC)‘s stock had its “market perform” rating restated by stock analysts at Keefe, Bruyette & Woods in a note issued to investors on Wednesday.
Several other equities research analysts have also recently commented on the company. Wedbush assumed coverage on Flagstar Bancorp in a research report on Monday. They set a “neutral” rating and a $30.00 price objective on the stock. Zacks Investment Research cut Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. Sandler O’Neill cut Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Friday, September 23rd. Piper Jaffray Cos. cut Flagstar Bancorp from an “overweight” rating to a “neutral” rating and set a $27.00 price target for the company. in a report on Wednesday, July 27th. Finally, FBR & Co raised their price target on Flagstar Bancorp from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $26.50.
Flagstar Bancorp (NYSE:FBC) traded up 0.77% during mid-day trading on Wednesday, reaching $27.64. 70,914 shares of the company’s stock traded hands. The firm has a 50 day moving average of $27.77 and a 200 day moving average of $25.12. The firm has a market cap of $1.56 billion, a PE ratio of 11.81 and a beta of 2.10. Flagstar Bancorp has a 1-year low of $17.25 and a 1-year high of $28.54.
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.66 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm earned $0.68 EPS. Analysts forecast that Flagstar Bancorp will post $2.29 EPS for the current year.
Several institutional investors have recently made changes to their positions in FBC. Victory Capital Management Inc. raised its stake in shares of Flagstar Bancorp by 77.2% in the second quarter. Victory Capital Management Inc. now owns 4,606 shares of the company’s stock worth $112,000 after buying an additional 2,007 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Flagstar Bancorp by 494.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,215 shares of the company’s stock worth $127,000 after buying an additional 4,337 shares in the last quarter. Panagora Asset Management Inc. raised its stake in shares of Flagstar Bancorp by 71.1% in the second quarter. Panagora Asset Management Inc. now owns 8,077 shares of the company’s stock worth $197,000 after buying an additional 3,355 shares in the last quarter. Allianz Asset Management AG acquired a new stake in shares of Flagstar Bancorp during the second quarter worth about $252,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Flagstar Bancorp by 270.0% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 11,100 shares of the company’s stock worth $271,000 after buying an additional 8,100 shares in the last quarter. Hedge funds and other institutional investors own 95.44% of the company’s stock.
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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