Equities research analysts at Raymond James Financial, Inc. started coverage on shares of Flagstar Bancorp, Inc. (NYSE:FBC) in a research report issued on Thursday. The brokerage set an “outperform” rating and a $36.00 price target on the savings and loans company’s stock. Raymond James Financial, Inc.’s target price indicates a potential upside of 9.56% from the company’s current price.

Several other research firms have also recently weighed in on FBC. Zacks Investment Research cut shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. ValuEngine cut shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Piper Jaffray Companies restated a “buy” rating and issued a $35.00 price objective on shares of Flagstar Bancorp in a research report on Monday, August 28th. BidaskClub cut shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Finally, TheStreet upgraded shares of Flagstar Bancorp from a “c+” rating to a “b” rating in a research report on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Flagstar Bancorp currently has a consensus rating of “Buy” and a consensus price target of $35.20.

Shares of Flagstar Bancorp (NYSE:FBC) opened at 32.86 on Thursday. Flagstar Bancorp has a 52 week low of $25.06 and a 52 week high of $33.44. The stock has a 50 day moving average of $31.68 and a 200-day moving average of $29.80. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 12.59 and a beta of 0.86.

Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings data on Tuesday, July 25th. The savings and loans company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.09. The firm had revenue of $97 million during the quarter, compared to analysts’ expectations of $87.95 million. Flagstar Bancorp had a net margin of 16.52% and a return on equity of 10.15%. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 EPS. Analysts expect that Flagstar Bancorp will post $2.37 earnings per share for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Flagstar Bancorp by 8.1% in 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 period. Vanguard Group Inc. raised its position in shares of Flagstar Bancorp by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,626,980 shares of the savings and loans company’s stock valued at $74,055,000 after buying an additional 32,701 shares during the period. Ameriprise Financial Inc. raised its position in shares of Flagstar Bancorp by 9.1% in the second quarter. Ameriprise Financial Inc. now owns 629,571 shares of the savings and loans company’s stock valued at $19,401,000 after buying an additional 52,696 shares during the period. Nuveen Asset Management LLC raised its position in shares of Flagstar Bancorp by 125.4% in the first quarter. Nuveen Asset Management LLC now owns 578,255 shares of the savings and loans company’s stock valued at $16,301,000 after buying an additional 321,734 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Flagstar Bancorp by 16.3% in the second quarter. Teachers Advisors LLC now owns 456,739 shares of the savings and loans company’s stock valued at $14,077,000 after buying an additional 63,963 shares during the period. 96.25% of the stock is currently 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)

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