Flagstar Bancorp, Inc. (NYSE:FBC)‘s stock had its “buy” rating reaffirmed by equities researchers at FBR & Co in a report released on Wednesday, October 25th. They currently have a $42.00 price target on the savings and loans company’s stock, up from their prior price target of $35.00. FBR & Co’s price target would indicate a potential upside of 20.45% from the stock’s previous close. FBR & Co also issued estimates for Flagstar Bancorp’s Q4 2017 earnings at $0.48 EPS, Q1 2018 earnings at $0.49 EPS, Q2 2018 earnings at $0.79 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.66 EPS and FY2018 earnings at $2.75 EPS.
Other analysts also recently issued reports about the company. Piper Jaffray Companies reaffirmed a “buy” rating and set a $35.00 price target on shares of Flagstar Bancorp in a research report on Monday, August 28th. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Wednesday, August 23rd. Finally, ValuEngine raised Flagstar Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Flagstar Bancorp presently has an average rating of “Buy” and an average price target of $39.00.
Flagstar Bancorp (NYSE:FBC) traded up $0.05 during mid-day trading on Wednesday, hitting $34.87. The stock had a trading volume of 112,500 shares, compared to its average volume of 186,404. Flagstar Bancorp has a 52 week low of $25.06 and a 52 week high of $38.26. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 4.04. The company has a market capitalization of $1,991.06, a price-to-earnings ratio of 14.75 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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.01. The company had revenue of $103.00 million during the quarter, compared to the consensus estimate of $100.80 million. Flagstar Bancorp had a return on equity of 9.77% and a net margin of 14.56%. Flagstar Bancorp’s revenue was up 28.8% on a year-over-year basis. During the same period last year, the business posted $0.96 earnings per share. research analysts expect that Flagstar Bancorp will post 2.38 EPS for the current year.
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A number of large investors have recently added to or reduced their stakes in FBC. Dimensional Fund Advisors LP grew its position in shares of Flagstar Bancorp by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,102,158 shares of the savings and loans company’s stock valued at $95,609,000 after purchasing an additional 232,925 shares in the last quarter. Vanguard Group Inc. grew its position in shares of 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. Ameriprise Financial Inc. grew 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 valued at $23,703,000 after purchasing an additional 38,500 shares in the last quarter. Nuveen Asset Management LLC grew its position in shares of Flagstar Bancorp by 125.4% in the first quarter. Nuveen Asset Management LLC now owns 578,255 shares of the savings and loans company’s stock valued at $16,301,000 after purchasing an additional 321,734 shares in the last quarter. Finally, Teachers Advisors LLC grew 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 valued at $14,077,000 after purchasing an additional 63,963 shares in the last quarter. 96.27% of the stock is owned by institutional investors and hedge funds.
Flagstar Bancorp Company Profile
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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