Flagstar Bancorp Inc (FBC) Receives $39.57 Consensus Target Price from Analysts

Flagstar Bancorp Inc (NYSE:FBC) has been assigned an average rating of “Buy” from the eleven research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $39.57.

A number of analysts recently weighed in on the stock. B. Riley reissued a “buy” rating and issued a $42.00 price objective on shares of Flagstar Bancorp in a research report on Tuesday, November 14th. Boenning Scattergood set a $40.00 price objective on shares of Flagstar Bancorp and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Thursday, October 26th. FBR & Co reissued a “buy” rating and issued a $42.00 price objective (up from $35.00) on shares of Flagstar Bancorp in a research report on Wednesday, October 25th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $40.00 price objective on shares of Flagstar Bancorp in a research report on Thursday, October 19th.

In other news, COO Lee Matthew Smith sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $36.60, for a total transaction of $109,800.00. Following the transaction, the chief operating officer now directly owns 70,254 shares of the company’s stock, valued at $2,571,296.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 63.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake in Flagstar Bancorp by 0.5% in the second quarter. US Bancorp DE now owns 4,205 shares of the savings and loans company’s stock valued at $130,000 after acquiring an additional 23 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Flagstar Bancorp by 4.5% during the second quarter. Legal & General Group Plc now owns 5,183 shares of the savings and loans company’s stock worth $159,000 after buying an additional 225 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Flagstar Bancorp by 2.2% during the second quarter. The Manufacturers Life Insurance Company now owns 17,411 shares of the savings and loans company’s stock worth $536,000 after buying an additional 376 shares during the period. Rhumbline Advisers lifted its stake in shares of Flagstar Bancorp by 2.1% during the second quarter. Rhumbline Advisers now owns 27,702 shares of the savings and loans company’s stock worth $854,000 after buying an additional 568 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in shares of Flagstar Bancorp by 13.8% during the second quarter. Advisors Asset Management Inc. now owns 4,811 shares of the savings and loans company’s stock worth $148,000 after buying an additional 582 shares during the period. Hedge funds and other institutional investors own 97.53% of the company’s stock.

Shares of Flagstar Bancorp (NYSE:FBC) traded up $0.33 during trading on Monday, reaching $37.97. 95,677 shares of the company traded hands, compared to its average volume of 148,979. The company has a market cap of $2,190.00, a P/E ratio of 16.16 and a beta of 1.05. The company has a debt-to-equity ratio of 4.04, a current ratio of 1.36 and a quick ratio of 0.80. Flagstar Bancorp has a one year low of $25.06 and a one year high of $38.79.

Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings data on Tuesday, October 24th. The savings and loans company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.77%. The business had revenue of $103.00 million during the quarter, compared to the consensus estimate of $100.80 million. During the same quarter in the prior year, the firm earned $0.96 EPS. The business’s revenue was up 28.8% on a year-over-year basis. analysts anticipate that Flagstar Bancorp will post 2.36 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.

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