Analysts Set Flagstar Bancorp Inc (NYSE:FBC) Price Target at $37.00

Shares of Flagstar Bancorp Inc (NYSE:FBC) have received a consensus recommendation of “Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $37.00.

Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Piper Jaffray Companies lowered shares of Flagstar Bancorp from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $37.00 to $35.00 in a research report on Thursday, April 25th.

FBC traded up $0.47 during midday trading on Friday, hitting $34.65. 3,377 shares of the company’s stock traded hands, compared to its average volume of 213,217. The stock has a market capitalization of $1.92 billion, a P/E ratio of 11.49 and a beta of 1.24. The company’s fifty day moving average price is $33.55. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 2.14. Flagstar Bancorp has a one year low of $25.30 and a one year high of $36.16.

Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings data on Tuesday, July 23rd. The savings and loans company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.24. The firm had revenue of $306.00 million for the quarter, compared to analyst estimates of $270.32 million. Flagstar Bancorp had a net margin of 16.26% and a return on equity of 10.70%. During the same quarter last year, the firm earned $0.85 earnings per share. On average, equities analysts forecast that Flagstar Bancorp will post 3.09 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.16 annualized dividend and a yield of 0.46%. Flagstar Bancorp’s dividend payout ratio (DPR) is presently 5.30%.

Hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors acquired a new position in Flagstar Bancorp during the second quarter valued at approximately $33,000. Royce & Associates LP acquired a new position in Flagstar Bancorp during the first quarter valued at approximately $40,000. Point72 Hong Kong Ltd acquired a new stake in shares of Flagstar Bancorp in the second quarter worth $55,000. Tower Research Capital LLC TRC acquired a new stake in shares of Flagstar Bancorp in the second quarter worth $76,000. Finally, Aperio Group LLC acquired a new stake in shares of Flagstar Bancorp in the second quarter worth $115,000. Institutional investors own 98.71% of the company’s stock.

About Flagstar Bancorp

Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial 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 Bancorp (NYSE:FBC)

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