Flagstar Bancorp’s (FBC) Buy Rating Reiterated at B. Riley

Flagstar Bancorp, Inc. (NYSE:FBC)‘s stock had its “buy” rating restated by analysts at B. Riley in a research note issued on Tuesday. They presently have a $42.00 price target on the savings and loans company’s stock. B. Riley’s price objective points to a potential upside of 18.91% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Thursday, September 7th. Piper Jaffray Companies reiterated a “buy” rating and set a $35.00 price target on shares of Flagstar Bancorp in a report on Wednesday, July 26th. Boenning Scattergood set a $40.00 price target on Flagstar Bancorp and gave the company a “buy” rating in a report on Tuesday. FBR & Co reiterated an “outperform” rating and set a $35.00 price target (up previously from $32.00) on shares of Flagstar Bancorp in a report on Wednesday, July 26th. Finally, ValuEngine downgraded Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Monday, July 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $39.57.

Shares of Flagstar Bancorp (NYSE:FBC) traded up $0.45 during mid-day trading on Tuesday, hitting $35.32. The stock had a trading volume of 84,600 shares, compared to its average volume of 185,939. Flagstar Bancorp has a twelve month low of $25.06 and a twelve month high of $38.26. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 4.04. The stock has a market capitalization of $1,993.92, a P/E ratio of 14.77 and a beta of 1.01.

Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Flagstar Bancorp had a return on equity of 9.77% and a net margin of 14.56%. The business had revenue of $103.00 million for the quarter, compared to the consensus estimate of $100.80 million. During the same quarter in the previous year, the company posted $0.96 earnings per share. Flagstar Bancorp’s revenue for the quarter was up 28.8% compared to the same quarter last year. analysts anticipate that Flagstar Bancorp will post 2.38 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in Flagstar Bancorp by 4.7% in the third quarter. Dimensional Fund Advisors LP now owns 3,249,040 shares of the savings and loans company’s stock valued at $115,276,000 after purchasing an additional 146,882 shares in the last quarter. Vanguard Group Inc. grew its stake in Flagstar Bancorp by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,626,980 shares of the savings and loans company’s stock valued at $74,055,000 after purchasing an additional 32,701 shares in the last quarter. EJF Capital LLC grew its stake in Flagstar Bancorp by 57.8% in the third quarter. EJF Capital LLC now owns 1,183,841 shares of the savings and loans company’s stock valued at $42,003,000 after purchasing an additional 433,841 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Flagstar Bancorp by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 668,071 shares of the savings and loans company’s stock worth $23,703,000 after buying an additional 38,500 shares during the last quarter. Finally, Teachers Advisors LLC lifted its position in shares of Flagstar Bancorp by 16.3% in the second quarter. Teachers Advisors LLC now owns 456,739 shares of the savings and loans company’s stock worth $14,077,000 after buying an additional 63,963 shares during the last quarter. Hedge funds and other institutional investors own 96.49% 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. 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.

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