A number of other equities research analysts have also issued reports on FBC. Wedbush reiterated a neutral rating and set a $30.00 target price on shares of Flagstar Bancorp in a report on Thursday, December 1st. TheStreet lowered shares of Flagstar Bancorp from a buy rating to a hold rating in a report on Wednesday, November 30th. Zacks Investment Research lowered shares of Flagstar Bancorp from a buy rating to a hold rating in a report on Wednesday, December 21st. FBR & Co reiterated a buy rating on shares of Flagstar Bancorp in a report on Tuesday, February 7th. Finally, Piper Jaffray Companies upgraded shares of Flagstar Bancorp from a neutral rating to an overweight rating and set a $32.00 target price on the stock in a report on Monday, February 13th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Flagstar Bancorp has a consensus rating of Hold and an average price target of $28.71.
Shares of Flagstar Bancorp (NYSE:FBC) opened at 27.47 on Thursday. The firm has a market capitalization of $1.57 billion, a P/E ratio of 10.33 and a beta of 1.10. Flagstar Bancorp has a 1-year low of $20.61 and a 1-year high of $29.64. The stock’s 50 day moving average is $27.70 and its 200 day moving average is $27.39.
Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings data on Tuesday, January 24th. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by $0.04. Flagstar Bancorp had a return on equity of 11.90% and a net margin of 18.92%. The company earned $87 million during the quarter, compared to analyst estimates of $80.87 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. Equities analysts predict that Flagstar Bancorp will post $2.20 earnings per share for the current year.
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Large investors have recently added to or reduced their stakes in the company. 1st Global Advisors Inc. acquired a new stake in Flagstar Bancorp during the third quarter worth about $243,000. Acadian Asset Management LLC acquired a new stake in Flagstar Bancorp during the third quarter worth about $946,000. Nationwide Fund Advisors raised its stake in Flagstar Bancorp by 10.9% in the third quarter. Nationwide Fund Advisors now owns 272,420 shares of the company’s stock worth $7,560,000 after buying an additional 26,832 shares during the period. California Public Employees Retirement System raised its stake in Flagstar Bancorp by 1.6% in the third quarter. California Public Employees Retirement System now owns 44,700 shares of the company’s stock worth $1,240,000 after buying an additional 700 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Flagstar Bancorp by 307.3% in the third quarter. Wells Fargo & Company MN now owns 25,160 shares of the company’s stock worth $699,000 after buying an additional 18,983 shares during the period. Institutional investors own 95.27% of the company’s stock.
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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