Flagstar Bancorp, Inc. (NYSE:FBC) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $33.41 and last traded at $33.39, with a volume of 61,862 shares trading hands. The stock had previously closed at $32.56.
FBC has been the subject of a number of research reports. TheStreet upgraded Flagstar Bancorp from a “c+” rating to a “b” rating in a report on Wednesday, May 17th. Boenning Scattergood reiterated a “buy” rating on shares of Flagstar Bancorp in a report on Tuesday, June 13th. ValuEngine upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Piper Jaffray Companies reiterated a “buy” rating and issued a $35.00 price target on shares of Flagstar Bancorp in a report on Wednesday, July 26th. Finally, Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Flagstar Bancorp has a consensus rating of “Buy” and a consensus target price of $35.25.
The company has a 50-day moving average price of $31.39 and a 200 day moving average price of $29.38. The firm has a market capitalization of $1.79 billion, a P/E ratio of 11.97 and a beta of 0.87.
Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings data on Tuesday, July 25th. The savings and loans company reported $0.71 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $97 million for the quarter, compared to analyst estimates of $87.95 million. During the same period last year, the business earned $0.66 EPS. The company’s revenue was up 26.0% on a year-over-year basis. On average, analysts forecast that Flagstar Bancorp, Inc. will post $2.36 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in shares of Flagstar Bancorp by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,102,158 shares of the savings and loans company’s stock worth $95,609,000 after buying an additional 232,925 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Flagstar Bancorp by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,626,980 shares of the savings and loans company’s stock worth $74,055,000 after buying an additional 32,701 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Flagstar Bancorp by 9.1% in the second quarter. Ameriprise Financial Inc. now owns 629,571 shares of the savings and loans company’s stock worth $19,401,000 after buying an additional 52,696 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of Flagstar Bancorp by 125.4% in the first quarter. Nuveen Asset Management LLC now owns 578,255 shares of the savings and loans company’s stock valued at $16,301,000 after buying an additional 321,734 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of Flagstar Bancorp by 16.3% in the second quarter. Teachers Advisors LLC now owns 456,739 shares of the savings and loans company’s stock valued at $14,077,000 after buying an additional 63,963 shares in the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.
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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.
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