Flagstar Bancorp, Inc. (FBC) Rating Reiterated by Piper Jaffray Companies

Flagstar Bancorp, Inc. (NYSE:FBC)‘s stock had its “buy” rating restated by research analysts at Piper Jaffray Companies in a research report issued to clients and investors on Thursday. They currently have a $40.00 target price on the savings and loans company’s stock. Piper Jaffray Companies’ price target would suggest a potential upside of 9.29% from the company’s current price.

FBC has been the subject of a number of other research reports. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Tuesday, September 26th. Raymond James Financial, Inc. assumed coverage on Flagstar Bancorp in a report on Thursday, August 31st. They issued an “outperform” rating and a $36.00 target price for the company. BidaskClub cut Flagstar Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. FBR & Co reaffirmed an “outperform” rating and issued a $35.00 target price (up previously from $32.00) on shares of Flagstar Bancorp in a report on Wednesday, July 26th. Finally, ValuEngine raised Flagstar Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $36.80.

Shares of Flagstar Bancorp (NYSE:FBC) opened at 36.60 on Thursday. The company has a 50-day moving average price of $34.58 and a 200-day moving average price of $31.41. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 14.03 and a beta of 0.83. Flagstar Bancorp has a 12 month low of $25.06 and a 12 month high of $36.83.

Flagstar Bancorp (NYSE:FBC) last issued its earnings results on Tuesday, July 25th. The savings and loans company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.09. Flagstar Bancorp had a return on equity of 10.15% and a net margin of 16.52%. The business had revenue of $97.00 million during the quarter, compared to analysts’ expectations of $87.95 million. During the same quarter in the prior year, the firm earned $0.66 EPS. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. Equities analysts forecast that Flagstar Bancorp will post $2.37 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This report was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://ledgergazette.com/2017/10/21/flagstar-bancorp-inc-fbc-rating-reiterated-by-piper-jaffray-companies.html.

Several hedge funds have recently modified their holdings of the company. US Bancorp DE increased its stake in shares of Flagstar Bancorp by 0.5% in the second quarter. US Bancorp DE now owns 4,205 shares of the savings and loans company’s stock valued at $130,000 after buying an additional 23 shares during the period. UBS Group AG increased its stake in shares of Flagstar Bancorp by 0.7% in the first quarter. UBS Group AG now owns 11,500 shares of the savings and loans company’s stock valued at $324,000 after buying an additional 83 shares during the period. Legal & General Group Plc increased its stake in shares of Flagstar Bancorp by 4.5% in the second quarter. Legal & General Group Plc now owns 5,183 shares of the savings and loans company’s stock valued at $159,000 after buying an additional 225 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Flagstar Bancorp by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 17,411 shares of the

FBC has been the subject of a number of other research reports. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Tuesday, September 26th. Raymond James Financial, Inc. assumed coverage on Flagstar Bancorp in a report on Thursday, August 31st. They issued an “outperform” rating and a $36.00 target price for the company. BidaskClub cut Flagstar Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. FBR & Co reaffirmed an “outperform” rating and issued a $35.00 target price (up previously from $32.00) on shares of Flagstar Bancorp in a report on Wednesday, July 26th. Finally, ValuEngine raised Flagstar Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $36.80.

Shares of Flagstar Bancorp (NYSE:FBC) opened at 36.60 on Thursday. The company has a 50-day moving average price of $34.58 and a 200-day moving average price of $31.41. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 14.03 and a beta of 0.83. Flagstar Bancorp has a 12 month low of $25.06 and a 12 month high of $36.83.

Flagstar Bancorp (NYSE:FBC) last issued its earnings results on Tuesday, July 25th. The savings and loans company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.09. Flagstar Bancorp had a return on equity of 10.15% and a net margin of 16.52%. The business had revenue of $97.00 million during the quarter, compared to analysts’ expectations of $87.95 million. During the same quarter in the prior year, the firm earned $0.66 EPS. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. Equities analysts forecast that Flagstar Bancorp will post $2.37 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This report was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://ledgergazette.com/2017/10/21/flagstar-bancorp-inc-fbc-rating-reiterated-by-piper-jaffray-companies.html.

Several hedge funds have recently modified their holdings of the company. US Bancorp DE increased its stake in shares of Flagstar Bancorp by 0.5% in the second quarter. US Bancorp DE now owns 4,205 shares of the savings and loans company’s stock valued at $130,000 after buying an additional 23 shares during the period. UBS Group AG increased its stake in shares of Flagstar Bancorp by 0.7% in the first quarter. UBS Group AG now owns 11,500 shares of the savings and loans company’s stock valued at $324,000 after buying an additional 83 shares during the period. Legal & General Group Plc increased its stake in shares of Flagstar Bancorp by 4.5% in the second quarter. Legal & General Group Plc now owns 5,183 shares of the savings and loans company’s stock valued at $159,000 after buying an additional 225 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Flagstar Bancorp by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 17,411 shares of the savings and loans company’s stock valued at $536,000 after buying an additional 376 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Flagstar Bancorp by 2.1% in the second quarter. Rhumbline Advisers now owns 27,702 shares of the savings and loans company’s stock valued at $854,000 after buying an additional 568 shares during the period. 96.25% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Flagstar Bancorp (NYSE:FBC)

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