A number of other analysts have also recently commented on the company. Boenning Scattergood began coverage on Flagstar Bancorp in a research report on Wednesday, June 29th. They set an outperform rating and a $26.50 price objective for the company. Piper Jaffray Cos. lowered 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. Zacks Investment Research lowered Flagstar Bancorp from a buy rating to a hold rating in a report on Tuesday, June 28th. Keefe, Bruyette & Woods raised Flagstar Bancorp from a market perform rating to an outperform rating and set a $26.00 price target for the company in a report on Tuesday, June 28th. Finally, Sandler O’Neill lowered Flagstar Bancorp from a buy rating to a hold rating in a report on Friday, September 23rd. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $26.50.
Flagstar Bancorp (NYSE:FBC) opened at 27.63 on Monday. The company’s 50 day moving average price is $27.77 and its 200-day moving average price is $25.14. Flagstar Bancorp has a one year low of $17.25 and a one year high of $28.54. The stock has a market capitalization of $1.56 billion, a PE ratio of 11.81 and a beta of 2.10.
Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates 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 earnings per share. Analysts expect that Flagstar Bancorp will post $2.29 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in 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 during the period. Tower Research Capital LLC TRC raised its position 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 during the last quarter. Panagora Asset Management Inc. raised its position 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 during the last quarter. Allianz Asset Management AG purchased a new position in shares of Flagstar Bancorp during the second quarter worth approximately $252,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position 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 during the last quarter. 95.44% of the stock is 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. 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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