Flagstar Bank (FBC) Rating Lowered to Buy at ValuEngine

Flagstar Bank (NYSE:FBC) was downgraded by equities researchers at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other research analysts have also recently weighed in on FBC. Boenning Scattergood set a $40.00 price objective on shares of Flagstar Bank and gave the company a “buy” rating in a report on Wednesday, December 27th. B. Riley reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Flagstar Bank in a report on Wednesday, December 27th. Zacks Investment Research cut shares of Flagstar Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, Wedbush cut their price objective on shares of Flagstar Bank from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a sell rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $40.29.

Shares of Flagstar Bank stock traded down $0.75 during trading on Friday, hitting $33.79. 235,847 shares of the company’s stock were exchanged, compared to its average volume of 180,880. The company has a debt-to-equity ratio of 4.40, a current ratio of 1.38 and a quick ratio of 0.87. Flagstar Bank has a 52-week low of $27.52 and a 52-week high of $40.06. The stock has a market cap of $1,986.18, a PE ratio of 13.68 and a beta of 1.21.

Flagstar Bank (NYSE:FBC) last issued its earnings results on Tuesday, January 23rd. The savings and loans company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. Flagstar Bank had a net margin of 6.32% and a return on equity of 10.16%. The firm had revenue of $107.00 million during the quarter, compared to analysts’ expectations of $103.91 million. During the same quarter last year, the company posted $0.49 earnings per share. The firm’s revenue was up 23.0% compared to the same quarter last year. equities analysts expect that Flagstar Bank will post 3.22 EPS for the current year.

In other Flagstar Bank news, COO Lee Matthew Smith sold 3,000 shares of Flagstar Bank stock in a transaction on Monday, February 26th. The shares were sold at an average price of $35.96, for a total value of $107,880.00. Following the completion of the transaction, the chief operating officer now owns 72,835 shares of the company’s stock, valued at $2,619,146.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 9,000 shares of company stock valued at $327,510 in the last ninety days. 63.00% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in Flagstar Bank in the third quarter valued at $144,000. Macquarie Group Ltd. purchased a new stake in shares of Flagstar Bank during the third quarter worth about $291,000. Teacher Retirement System of Texas purchased a new stake in shares of Flagstar Bank during the fourth quarter worth about $293,000. USA Financial Portformulas Corp purchased a new stake in shares of Flagstar Bank during the fourth quarter worth about $296,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Flagstar Bank during the fourth quarter worth about $342,000. 97.21% of the stock is owned by institutional investors.

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Flagstar Bank 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 Bank (NYSE:FBC)

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