Zacks Investment Research lowered shares of Flagstar Bancorp, Inc. (NYSE:FBC) from a buy rating to a hold rating in a report published on Wednesday.

According to Zacks, “Flagstar Bancorp, Inc. is the holding company for Flagstar Bank, FSB, a federally chartered stock savings bank. Through its retail banking centers and e-commerce distribution channels, Flagstar attracts deposits from the general public. The institution utilizes these deposits, along with other funds garnered from the secondary market, to originate or acquire loans on a nationwide basis. “

FBC has been the subject of several other research reports. BidaskClub raised shares of Flagstar Bancorp from a strong sell rating to a sell rating in a research note on Saturday, June 10th. Raymond James Financial, Inc. assumed coverage on shares of Flagstar Bancorp in a research note on Thursday, August 31st. They set an outperform rating and a $36.00 target price for the company. Boenning Scattergood reaffirmed a buy rating on shares of Flagstar Bancorp in a research note on Tuesday, June 13th. FBR & Co reaffirmed an outperform rating and set a $35.00 target price (up previously from $32.00) on shares of Flagstar Bancorp in a research note on Wednesday, July 26th. Finally, ValuEngine raised shares of Flagstar Bancorp from a hold rating to a buy rating in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Flagstar Bancorp has a consensus rating of Buy and an average target price of $35.40.

Flagstar Bancorp (FBC) traded up 1.32% during trading on Wednesday, hitting $32.30. 66,709 shares of the company were exchanged. The stock’s 50-day moving average is $31.97 and its 200-day moving average is $29.90. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 12.38 and a beta of 0.86. Flagstar Bancorp has a 12 month low of $25.06 and a 12 month high of $33.44.

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

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Large investors have recently modified their holdings of the stock. US Bancorp DE raised its holdings in Flagstar Bancorp by 130.5% in the first quarter. US Bancorp DE now owns 4,182 shares of the savings and loans company’s stock valued at $118,000 after acquiring an additional 2,368 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Flagstar Bancorp by 20.1% in the first quarter. Advisors Asset Management Inc. now owns 4,229 shares of the savings and loans company’s stock valued at $119,000 after acquiring an additional 707 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Flagstar Bancorp by 105.0% in the second quarter. BNP Paribas Arbitrage SA now owns 4,281 shares of the savings and loans company’s stock valued at $132,000 after acquiring an additional 2,193 shares in the last quarter. Legal & General Group Plc raised its holdings in Flagstar Bancorp by 4.5% in the second quarter. Legal & General Group Plc now owns 5,183 shares of the savings and loans company’s stock valued at $159,000 after acquiring an additional 225 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Flagstar Bancorp by 30.0% in the first quarter. Victory Capital Management Inc. now owns 5,247 shares of the savings and loans company’s stock valued at $148,000 after acquiring an additional 1,212 shares in the last quarter. 96.25% of the stock is currently owned by hedge funds and other 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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