Brokerages Set Flagstar Bancorp Inc (FBC) Price Target at $41.67

Flagstar Bancorp Inc (NYSE:FBC) has been assigned a consensus rating of “Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $41.67.

A number of research analysts have issued reports on the stock. ValuEngine lowered shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a report on Friday, September 14th. Boenning Scattergood restated a “buy” rating on shares of Flagstar Bancorp in a report on Wednesday, October 24th. B. Riley set a $44.00 price objective on shares of Flagstar Bancorp and gave the stock a “buy” rating in a report on Friday, October 12th. Zacks Investment Research lowered shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. Finally, TheStreet lowered shares of Flagstar Bancorp from a “b” rating to a “c+” rating in a report on Friday, November 9th.

In related news, CEO Alessandro Dinello acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, October 24th. The shares were acquired at an average cost of $29.08 per share, for a total transaction of $29,080.00. Following the acquisition, the chief executive officer now directly owns 191,359 shares in the company, valued at approximately $5,564,719.72. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Lee Matthew Smith sold 3,000 shares of the stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $31.43, for a total transaction of $94,290.00. Following the transaction, the chief operating officer now owns 90,630 shares in the company, valued at $2,848,500.90. The disclosure for this sale can be found here. Corporate insiders own 62.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in Flagstar Bancorp by 5.2% in the third quarter. Dimensional Fund Advisors LP now owns 4,241,835 shares of the savings and loans company’s stock valued at $133,490,000 after buying an additional 208,584 shares during the period. BlackRock Inc. raised its holdings in Flagstar Bancorp by 13.9% in the third quarter. BlackRock Inc. now owns 2,642,426 shares of the savings and loans company’s stock valued at $83,158,000 after buying an additional 322,665 shares during the period. EJF Capital LLC raised its holdings in Flagstar Bancorp by 6.4% in the third quarter. EJF Capital LLC now owns 1,672,968 shares of the savings and loans company’s stock valued at $52,648,000 after buying an additional 100,293 shares during the period. Renaissance Technologies LLC raised its holdings in Flagstar Bancorp by 36.5% in the second quarter. Renaissance Technologies LLC now owns 992,112 shares of the savings and loans company’s stock valued at $33,990,000 after buying an additional 265,100 shares during the period. Finally, Millennium Management LLC raised its holdings in Flagstar Bancorp by 13,039.2% in the second quarter. Millennium Management LLC now owns 843,798 shares of the savings and loans company’s stock valued at $28,909,000 after buying an additional 837,376 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

NYSE:FBC traded down $0.38 on Monday, reaching $30.15. The stock had a trading volume of 331,996 shares, compared to its average volume of 233,129. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 12.21 and a beta of 0.85. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 3.28. Flagstar Bancorp has a 12-month low of $28.18 and a 12-month high of $40.06.

Flagstar Bancorp (NYSE:FBC) last released its earnings results on Tuesday, October 23rd. The savings and loans company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.01. The company had revenue of $231.00 million for the quarter, compared to analyst estimates of $242.20 million. Flagstar Bancorp had a net margin of 7.89% and a return on equity of 11.62%. During the same period in the prior year, the firm earned $0.70 EPS. On average, equities research analysts forecast that Flagstar Bancorp will post 3.01 earnings per share for the current fiscal year.

Flagstar Bancorp Company Profile

Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial, small business, and consumer banking services to individuals and businesses in the United States. Its Community Banking segment offers various products, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer and commercial loans, commercial real estate loans, equipment finance and leasing, home builder finance loans, and warehouse lines of credit.

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Analyst Recommendations for Flagstar Bancorp (NYSE:FBC)

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