Flagstar Bancorp, Inc. (NYSE:FBC) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Flagstar Bancorp, Inc. (NYSE:FBC) from a buy rating to a hold rating in a report issued on Tuesday, August 22nd.

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. “

Other research analysts have also recently issued reports about the stock. FBR & Co reiterated an outperform rating on shares of Flagstar Bancorp in a research report on Tuesday, April 25th. BidaskClub upgraded shares of Flagstar Bancorp from a strong sell rating to a sell rating in a research report on Saturday, June 10th. Boenning Scattergood reiterated a buy rating on shares of Flagstar Bancorp in a research report on Tuesday, June 13th. ValuEngine upgraded shares of Flagstar Bancorp from a hold rating to a buy rating in a research report on Wednesday, August 2nd. Finally, TheStreet upgraded shares of Flagstar Bancorp from a c+ rating to a b rating in a research report on Wednesday, May 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $35.20.

Shares of Flagstar Bancorp (NYSE FBC) traded down 0.388% during midday trading on Tuesday, hitting $32.095. 77,371 shares of the company’s stock were exchanged. The company has a 50-day moving average of $31.79 and a 200-day moving average of $29.85. Flagstar Bancorp has a 52 week low of $25.06 and a 52 week high of $33.44. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 12.302 and a beta of 0.86.

Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings data on Tuesday, July 25th. The savings and loans company reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.09. The company had revenue of $97 million for the quarter, compared to analysts’ expectations of $87.95 million. Flagstar Bancorp had a net margin of 16.52% and a return on equity of 10.15%. Flagstar Bancorp’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 earnings per share. Equities research analysts expect that Flagstar Bancorp will post $2.37 EPS for the current fiscal year.

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Hedge funds have recently made changes to their positions in the stock. US Bancorp DE lifted its stake in Flagstar Bancorp by 130.5% in the first quarter. US Bancorp DE now owns 4,182 shares of the savings and loans company’s stock worth $118,000 after acquiring an additional 2,368 shares during the period. Advisors Asset Management Inc. lifted its stake in Flagstar Bancorp by 20.1% in the first quarter. Advisors Asset Management Inc. now owns 4,229 shares of the savings and loans company’s stock worth $119,000 after acquiring an additional 707 shares during the period. BNP Paribas Arbitrage SA lifted its stake in Flagstar Bancorp by 105.0% in the second quarter. BNP Paribas Arbitrage SA now owns 4,281 shares of the savings and loans company’s stock worth $132,000 after acquiring an additional 2,193 shares during the period. Legal & General Group Plc lifted its stake in 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 worth $159,000 after acquiring an additional 225 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Flagstar Bancorp by 30.0% in the first quarter. Victory Capital Management Inc. now owns 5,247 shares of the savings and loans company’s stock worth $148,000 after acquiring an additional 1,212 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.

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