Flagstar Bancorp Inc (FBC) Receives Consensus Recommendation of “Buy” from Analysts

Flagstar Bancorp Inc (NYSE:FBC) has received an average rating of “Buy” from the eleven brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $41.50.

Several research firms have weighed in on FBC. ValuEngine cut Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, June 11th. Stephens restated a “hold” rating on shares of Flagstar Bancorp in a research note on Monday, June 11th. Sandler O’Neill restated 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 cut Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Boenning Scattergood restated a “buy” rating and set a $41.00 target price on shares of Flagstar Bancorp in a research note on Wednesday, June 6th.

In other Flagstar Bancorp news, COO Lee Matthew Smith sold 3,000 shares of the company’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 completion of the sale, the chief operating officer now directly owns 90,630 shares in the company, valued at $2,848,500.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 9,000 shares of company stock valued at $299,340 over the last 90 days. Corporate insiders own 62.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP lifted its stake in shares of Flagstar Bancorp by 8.9% in the 1st quarter. GSA Capital Partners LLP now owns 22,721 shares of the savings and loans company’s stock valued at $804,000 after acquiring an additional 1,861 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Flagstar Bancorp by 17.6% in the 2nd quarter. Voya Investment Management LLC now owns 12,891 shares of the savings and loans company’s stock valued at $442,000 after acquiring an additional 1,925 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Flagstar Bancorp by 57.8% in the 2nd quarter. SG Americas Securities LLC now owns 5,370 shares of the savings and loans company’s stock valued at $184,000 after acquiring an additional 1,967 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Flagstar Bancorp by 0.8% in the 1st quarter. Northern Trust Corp now owns 264,856 shares of the savings and loans company’s stock valued at $9,376,000 after acquiring an additional 2,139 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Flagstar Bancorp by 33.8% in the 2nd quarter. Jane Street Group LLC now owns 8,657 shares of the savings and loans company’s stock valued at $297,000 after acquiring an additional 2,186 shares during the last quarter. Hedge funds and other institutional investors own 93.77% of the company’s stock.

Shares of FBC stock traded up $0.26 during trading on Wednesday, hitting $31.45. The company had a trading volume of 273,400 shares, compared to its average volume of 259,365. The company has a current ratio of 1.29, a quick ratio of 0.86 and a debt-to-equity ratio of 3.81. The stock has a market cap of $1.80 billion, a P/E ratio of 12.76 and a beta of 0.98. Flagstar Bancorp has a one year low of $30.82 and a one year high of $40.06.

Flagstar Bancorp (NYSE:FBC) last released its earnings results on Tuesday, July 24th. The savings and loans company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. Flagstar Bancorp had a return on equity of 11.13% and a net margin of 7.31%. The firm had revenue of $238.00 million during the quarter, compared to analysts’ expectations of $243.68 million. analysts forecast that Flagstar Bancorp will post 3.06 EPS for the current 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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