Flagstar Bancorp Inc (FBC) Stock Rating Upgraded by BidaskClub

Flagstar Bancorp Inc (NYSE:FBC) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Saturday.

Several other research analysts also recently weighed in on the company. ValuEngine upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. TheStreet upgraded Flagstar Bancorp from a “c+” rating to a “b” rating in a research note on Wednesday, May 17th. Zacks Investment Research downgraded Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. FBR & Co reiterated an “outperform” rating on shares of Flagstar Bancorp in a research note on Tuesday, April 25th. Finally, Wedbush upgraded Flagstar Bancorp from a “neutral” rating to an “outperform” rating and set a $35.00 price target on the stock in a research note on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Flagstar Bancorp currently has a consensus rating of “Hold” and an average price target of $30.17.

Analyst Recommendations for Flagstar Bancorp (NYSE:FBC)

Shares of Flagstar Bancorp (FBC) traded up 1.32% on Friday, hitting $30.75. The stock had a trading volume of 167,674 shares. The company’s 50 day moving average price is $29.47 and its 200-day moving average price is $27.94. The company has a market cap of $1.75 billion, a P/E ratio of 11.93 and a beta of 1.10. Flagstar Bancorp has a 12 month low of $21.78 and a 12 month high of $31.06.

Flagstar Bancorp (NYSE:FBC) last announced its earnings results on Tuesday, April 25th. The savings and loans company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.10. Flagstar Bancorp had a return on equity of 11.90% and a net margin of 18.92%. The firm had revenue of $183 million for the quarter, compared to the consensus estimate of $172.90 million. During the same period in the previous year, the business earned $0.54 EPS. On average, analysts expect that Flagstar Bancorp will post $2.24 earnings per share for the current year.

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Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new position in shares of Flagstar Bancorp during the fourth quarter valued at about $1,971,000. State Street Corp boosted its position in shares of Flagstar Bancorp by 6.2% in the fourth quarter. State Street Corp now owns 401,195 shares of the savings and loans company’s stock valued at $10,808,000 after buying an additional 23,286 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Flagstar Bancorp by 8.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,709,855 shares of the savings and loans company’s stock valued at $73,004,000 after buying an additional 215,450 shares during the period. FMR LLC bought a new position in shares of Flagstar Bancorp during the fourth quarter valued at about $374,000. Finally, Zebra Capital Management LLC boosted its position in shares of Flagstar Bancorp by 24.4% in the fourth quarter. Zebra Capital Management LLC now owns 58,349 shares of the savings and loans company’s stock valued at $1,572,000 after buying an additional 11,432 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FBC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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