Zacks Investment Research Downgrades Flagstar Bancorp, Inc. (FBC) to Hold

Flagstar Bancorp, Inc. (NYSE:FBC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday.

According to Zacks, “Flagstar Bancorp, Inc. is the holding company for Flagstar Bank, FSB, a federally chartered stock savings bank. Through its retail banking centers and e-commerce distribution channels, Flagstar attracts deposits from the general public. The institution utilizes these deposits, along with other funds garnered from the secondary market, to originate or acquire loans on a nationwide basis. “

Several other brokerages also recently weighed in on FBC. Piper Jaffray Companies reissued a “buy” rating and issued a $35.00 target price on shares of Flagstar Bancorp in a research note on Monday, August 28th. ValuEngine raised shares of Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub downgraded shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. FBR & Co reissued an “outperform” rating and issued a $35.00 target price (up previously from $32.00) on shares of Flagstar Bancorp in a research note on Wednesday, July 26th. Finally, Boenning Scattergood reissued a “buy” rating on shares of Flagstar Bancorp in a research note on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $35.80.

Shares of Flagstar Bancorp (FBC) opened at 33.66 on Monday. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 12.90 and a beta of 0.86. Flagstar Bancorp has a one year low of $25.06 and a one year high of $33.97. The company has a 50 day moving average of $32.30 and a 200-day moving average of $30.17.

Flagstar Bancorp (NYSE:FBC) last announced its earnings results on Tuesday, July 25th. The savings and loans company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.09. Flagstar Bancorp had a net margin of 16.52% and a return on equity of 10.15%. The firm had revenue of $97.00 million during the quarter, compared to the consensus estimate of $87.95 million. During the same quarter in the previous year, the company posted $0.66 EPS. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. On average, analysts anticipate that Flagstar Bancorp will post $2.37 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of FBC. Teachers Advisors LLC increased its stake in shares of Flagstar Bancorp by 1,159.3% during the 1st quarter. Teachers Advisors LLC now owns 392,776 shares of the savings and loans company’s stock valued at $11,072,000 after acquiring an additional 361,586 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of Flagstar Bancorp by 125.4% during the 1st quarter. Nuveen Asset Management LLC now owns 578,255 shares of the savings and loans company’s stock valued at $16,301,000 after acquiring an additional 321,734 shares during the last quarter. Federated Investors Inc. PA increased its stake in shares of Flagstar Bancorp by 121.5% during the 2nd quarter. Federated Investors Inc. PA now owns 443,162 shares of the savings and loans company’s stock valued at $13,658,000 after acquiring an additional 243,052 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Flagstar Bancorp by 8.1% during the 2nd 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 acquiring an additional 232,925 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Flagstar Bancorp by 54.2% during the 1st quarter. AQR Capital Management LLC now owns 442,062 shares of the savings and loans company’s stock valued at $12,462,000 after acquiring an additional 155,355 shares during the last quarter. 96.25% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Flagstar Bancorp (NYSE:FBC)

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