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. “
Several other brokerages have also issued reports on FBC. Sandler O’Neill lowered Flagstar Bancorp from a buy rating to a hold rating in a research report on Friday, September 23rd. FBR & Co boosted their target price on Flagstar Bancorp from $28.00 to $30.00 and gave the company an outperform rating in a research note on Wednesday, July 27th. Keefe, Bruyette & Woods cut Flagstar Bancorp from an outperform rating to a market perform rating and boosted their target price for the company from $26.00 to $27.50 in a research note on Wednesday, July 27th. Piper Jaffray Cos. cut Flagstar Bancorp from an overweight rating to a neutral rating and set a $27.00 target price on the stock. in a research note on Wednesday, July 27th. Finally, Boenning Scattergood started coverage on Flagstar Bancorp in a research note on Wednesday, June 29th. They issued an outperform rating and a $26.50 target price on the stock. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $26.06.
Shares of Flagstar Bancorp (NYSE:FBC) traded up 0.25% during trading on Tuesday, reaching $27.61. 4,685 shares of the company traded hands. Flagstar Bancorp has a 12 month low of $17.25 and a 12 month high of $28.26. The stock has a market cap of $1.56 billion, a P/E ratio of 11.80 and a beta of 2.17. The stock’s 50 day moving average price is $27.71 and its 200-day moving average price is $24.63.
Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 period last year, the firm posted $0.68 earnings per share. On average, equities research analysts expect that Flagstar Bancorp will post $2.29 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in FBC. California State Teachers Retirement System boosted its stake in Flagstar Bancorp by 0.7% in the second quarter. California State Teachers Retirement System now owns 43,885 shares of the company’s stock worth $1,071,000 after buying an additional 290 shares during the period. A.R.T. Advisors LLC boosted its stake in Flagstar Bancorp by 1.5% in the first quarter. A.R.T. Advisors LLC now owns 26,470 shares of the company’s stock worth $568,000 after buying an additional 400 shares during the period. Strs Ohio boosted its stake in Flagstar Bancorp by 2.0% in the second quarter. Strs Ohio now owns 30,300 shares of the company’s stock worth $739,000 after buying an additional 600 shares during the period. Convergence Investment Partners LLC boosted its stake in Flagstar Bancorp by 0.6% in the second quarter. Convergence Investment Partners LLC now owns 113,224 shares of the company’s stock worth $2,764,000 after buying an additional 697 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its stake in Flagstar Bancorp by 5.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 14,127 shares of the company’s stock worth $345,000 after buying an additional 781 shares during the period. 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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