Flagstar Bancorp, Inc. (FBC) Stock Rating Reaffirmed by B. Riley
Several other research firms have also commented on FBC. Zacks Investment Research upgraded shares of Flagstar Bancorp from a hold rating to a buy rating and set a $42.00 price target on the stock in a report on Thursday, October 26th. Boenning Scattergood restated a buy rating on shares of Flagstar Bancorp in a report on Thursday, October 26th. FBR & Co restated a buy rating and issued a $42.00 price target (up previously from $35.00) on shares of Flagstar Bancorp in a report on Wednesday, October 25th. Piper Jaffray Companies restated a buy rating and issued a $40.00 price target on shares of Flagstar Bancorp in a report on Thursday, October 19th. Finally, ValuEngine downgraded shares of Flagstar Bancorp from a strong-buy rating to a buy rating in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $39.57.
Flagstar Bancorp (FBC) traded up $0.11 during midday trading on Tuesday, reaching $35.87. 131,513 shares of the company traded hands, compared to its average volume of 185,404. Flagstar Bancorp has a 52-week low of $25.06 and a 52-week high of $38.26. The company has a debt-to-equity ratio of 4.04, a current ratio of 1.36 and a quick ratio of 0.80. The stock has a market capitalization of $2,040.00, a price-to-earnings ratio of 15.36 and a beta of 1.01.
Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.01. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.77%. The firm had revenue of $103.00 million for the quarter, compared to analyst estimates of $100.80 million. During the same quarter last year, the firm posted $0.96 earnings per share. Flagstar Bancorp’s revenue for the quarter was up 28.8% compared to the same quarter last year. sell-side analysts anticipate that Flagstar Bancorp will post 2.37 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the business. US Bancorp DE grew its position in Flagstar Bancorp by 0.5% in the second quarter. US Bancorp DE now owns 4,205 shares of the savings and loans company’s stock valued at $130,000 after acquiring an additional 23 shares in the last quarter. UBS Group AG grew its position in shares of Flagstar Bancorp by 0.7% during the first quarter. UBS Group AG now owns 11,500 shares of the savings and loans company’s stock worth $324,000 after buying an additional 83 shares in the last quarter. Legal & General Group Plc grew its position in shares of Flagstar Bancorp by 4.5% during the second quarter. Legal & General Group Plc now owns 5,183 shares of the savings and loans company’s stock worth $159,000 after buying an additional 225 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Flagstar Bancorp by 2.2% during the second quarter. The Manufacturers Life Insurance Company now owns 17,411 shares of the savings and loans company’s stock worth $536,000 after buying an additional 376 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Flagstar Bancorp by 2.1% during the second quarter. Rhumbline Advisers now owns 27,702 shares of the savings and loans company’s stock worth $854,000 after buying an additional 568 shares in the last quarter. 96.49% of the stock is owned by institutional investors.
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. 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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