ValuEngine Lowers Flagstar Bancorp (FBC) to Sell

ValuEngine cut shares of Flagstar Bancorp (NYSE:FBC) from a hold rating to a sell rating in a research report report published on Thursday.

A number of other brokerages have also weighed in on FBC. Sandler O’Neill reiterated a buy rating and set a $41.00 target price on shares of Flagstar Bancorp in a research note on Thursday, July 26th. Zacks Investment Research upgraded Flagstar Bancorp from a sell rating to a hold rating in a research note on Thursday, October 25th. B. Riley set a $44.00 target price on Flagstar Bancorp and gave the stock a buy rating in a research note on Friday, October 12th. Finally, Boenning Scattergood reiterated a buy rating on shares of Flagstar Bancorp in a research note on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Flagstar Bancorp has an average rating of Buy and a consensus target price of $41.50.

Shares of NYSE FBC traded up $0.16 during trading hours on Thursday, reaching $31.25. 364,300 shares of the stock were exchanged, compared to its average volume of 315,739. The firm has a market cap of $1.78 billion, a P/E ratio of 12.65 and a beta of 0.99. The company has a current ratio of 1.29, a quick ratio of 0.86 and a debt-to-equity ratio of 3.81. Flagstar Bancorp has a 52 week low of $28.18 and a 52 week high of $40.06.

Flagstar Bancorp (NYSE:FBC) last announced its earnings results on Tuesday, October 23rd. The savings and loans company reported $0.85 earnings per share for the quarter, topping 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 return on equity of 11.79% and a net margin of 7.89%. During the same quarter last year, the company earned $0.70 earnings per share. Analysts forecast that Flagstar Bancorp will post 3.02 EPS for the current year.

In other Flagstar Bancorp news, COO Lee Matthew Smith sold 3,000 shares of the firm’s stock in a transaction on 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 approximately $2,848,500.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Alessandro Dinello acquired 1,000 shares of the stock in a transaction on Wednesday, October 24th. The shares were bought at an average price of $29.08 per share, for a total transaction of $29,080.00. Following the purchase, the chief executive officer now owns 191,359 shares in the company, valued at $5,564,719.72. The disclosure for this purchase can be found here. 62.90% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN increased its stake in Flagstar Bancorp by 14.8% during the 3rd quarter. Wells Fargo & Company MN now owns 277,226 shares of the savings and loans company’s stock worth $8,724,000 after acquiring an additional 35,652 shares during the period. Acadian Asset Management LLC bought a new position in Flagstar Bancorp during the 3rd quarter worth $345,000. First Trust Advisors LP increased its stake in Flagstar Bancorp by 25.8% during the 3rd quarter. First Trust Advisors LP now owns 17,131 shares of the savings and loans company’s stock worth $539,000 after acquiring an additional 3,517 shares during the period. Ramsey Quantitative Systems bought a new position in Flagstar Bancorp during the 3rd quarter worth $319,000. Finally, United Services Automobile Association increased its stake in Flagstar Bancorp by 65.2% during the 2nd quarter. United Services Automobile Association now owns 147,494 shares of the savings and loans company’s stock worth $5,053,000 after acquiring an additional 58,196 shares during the period. Hedge funds and other institutional investors own 93.79% of the company’s stock.

About Flagstar Bancorp

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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