Flagstar Bancorp Inc (FBC) Receives Average Recommendation of “Buy” from Brokerages

Flagstar Bancorp Inc (NYSE:FBC) has been assigned a consensus rating of “Buy” from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $39.57.

FBC has been the subject of several analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and set a $35.00 target price on shares of Flagstar Bancorp in a research report on Monday, August 28th. ValuEngine raised Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. B. Riley reaffirmed a “buy” rating on shares of Flagstar Bancorp in a research report on Wednesday, November 1st. Finally, Boenning Scattergood set a $40.00 target price on Flagstar Bancorp and gave the stock a “buy” rating in a research report on Tuesday, November 14th.

In related news, COO Lee Matthew Smith sold 3,000 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $36.60, for a total transaction of $109,800.00. Following the completion of the transaction, the chief operating officer now directly owns 70,254 shares of the company’s stock, valued at approximately $2,571,296.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 63.00% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of FBC. Schwab Charles Investment Management Inc. raised its position in shares of Flagstar Bancorp by 5.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 90,702 shares of the savings and loans company’s stock worth $2,557,000 after acquiring an additional 4,605 shares in the last quarter. US Bancorp DE raised its position in shares of Flagstar Bancorp by 0.5% in the 2nd quarter. US Bancorp DE now owns 4,205 shares of the savings and loans company’s stock worth $130,000 after acquiring an additional 23 shares in the last quarter. First Trust Advisors LP raised its position in shares of Flagstar Bancorp by 39.8% in the 2nd quarter. First Trust Advisors LP now owns 58,926 shares of the savings and loans company’s stock worth $1,816,000 after acquiring an additional 16,772 shares in the last quarter. Rhumbline Advisers raised its position in shares of Flagstar Bancorp by 2.1% in the 2nd quarter. Rhumbline Advisers now owns 27,702 shares of the savings and loans company’s stock worth $854,000 after acquiring an additional 568 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Flagstar Bancorp by 13.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,811 shares of the savings and loans company’s stock worth $148,000 after acquiring an additional 582 shares in the last quarter. 97.55% of the stock is owned by hedge funds and other institutional investors.

Shares of Flagstar Bancorp (FBC) traded up $0.87 on Monday, hitting $37.41. The stock had a trading volume of 333,200 shares, compared to its average volume of 182,070. Flagstar Bancorp has a one year low of $25.06 and a one year high of $38.79. The company has a market cap of $2,139.18, a PE ratio of 15.85 and a beta of 1.05. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 4.04.

Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.01. Flagstar Bancorp had a return on equity of 9.77% and a net margin of 14.56%. The company had revenue of $103.00 million during the quarter, compared to analysts’ expectations of $100.80 million. During the same period in the prior year, the company earned $0.96 EPS. Flagstar Bancorp’s revenue was up 28.8% compared to the same quarter last year. research analysts anticipate that Flagstar Bancorp will post 2.37 earnings per share for the current fiscal year.

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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.

Analyst Recommendations for Flagstar Bancorp (NYSE:FBC)

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