Flagstar Bancorp, Inc. (FBC) Earns “Buy” Rating from FBR & Co

Flagstar Bancorp, Inc. (NYSE:FBC)‘s stock had its “buy” rating reiterated by equities research analysts at FBR & Co in a note issued to investors 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 target price 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.

A number of other research analysts also recently commented on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $40.00 target price on shares of Flagstar Bancorp in a research report on Thursday, October 19th. ValuEngine cut shares of Flagstar Bancorp from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Tuesday, September 26th. Finally, Raymond James Financial, Inc. assumed coverage on shares of Flagstar Bancorp in a report on Thursday, August 31st. They issued an “outperform” rating and a $36.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $39.00.

Flagstar Bancorp (NYSE:FBC) opened at $34.87 on Wednesday. Flagstar Bancorp has a 12-month low of $25.06 and a 12-month high of $38.26. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.78 and a current ratio of 1.36. The company has a market cap of $1,993.94, a price-to-earnings ratio of 14.78 and a beta of 1.01.

Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.01. The company had revenue of $103.00 million for the quarter, compared to the consensus estimate of $100.80 million. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.77%. The firm’s revenue was up 28.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 EPS. equities research analysts forecast that Flagstar Bancorp will post 2.38 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of FBC. US Bancorp DE grew its holdings in shares of Flagstar Bancorp by 0.5% during the second quarter. US Bancorp DE now owns 4,205 shares of the savings and loans company’s stock worth $130,000 after buying an additional 23 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Flagstar Bancorp by 105.0% during the second quarter. BNP Paribas Arbitrage SA now owns 4,281 shares of the savings and loans company’s stock worth $132,000 after buying an additional 2,193 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Flagstar Bancorp during the third quarter worth $144,000. Victory Capital Management Inc. grew its holdings in shares of Flagstar Bancorp by 30.0% during the first quarter. Victory Capital Management Inc. now owns 5,247 shares of the savings and loans company’s stock worth $148,000 after buying an additional 1,212 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Flagstar Bancorp by 13.8% during the second quarter. Advisors Asset Management Inc. now owns 4,811 shares of the savings and loans company’s stock worth $148,000 after buying an additional 582 shares in the last quarter. 96.27% 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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