Flagstar Bancorp (FBC) Upgraded at ValuEngine
ValuEngine upgraded shares of Flagstar Bancorp (NYSE:FBC) from a buy rating to a strong-buy rating in a research report report published on Sunday morning.
A number of other equities analysts have also recently issued reports on FBC. Zacks Investment Research cut shares of Flagstar Bancorp from a buy rating to a hold rating in a report on Wednesday, September 6th. Piper Jaffray Companies reissued a buy rating and issued a $35.00 target price on shares of Flagstar Bancorp in a report on Friday, October 6th. FBR & Co reissued a buy rating and issued a $42.00 target price (up previously from $35.00) on shares of Flagstar Bancorp in a report on Wednesday, October 25th. Boenning Scattergood reissued a buy rating on shares of Flagstar Bancorp in a report on Thursday, October 26th. Finally, B. Riley reissued a buy rating on shares of Flagstar Bancorp in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Flagstar Bancorp presently has a consensus rating of Buy and a consensus target price of $39.57.
Flagstar Bancorp (FBC) opened at $37.15 on Friday. The company has a market capitalization of $2,139.73, a PE ratio of 15.74 and a beta of 1.05. Flagstar Bancorp has a 52 week low of $25.06 and a 52 week high of $38.79. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 4.04.
In related news, COO Lee Matthew Smith sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $36.60, for a total transaction of $109,800.00. Following the sale, the chief operating officer now owns 70,254 shares of the company’s stock, valued at $2,571,296.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 63.00% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in FBC. BNP Paribas Arbitrage SA grew its position 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 buying an additional 2,193 shares during the last quarter. SG Americas Securities LLC purchased a new position in Flagstar Bancorp during the 3rd quarter worth approximately $144,000. Advisors Asset Management Inc. grew its position in Flagstar Bancorp by 13.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 4,811 shares of the savings and loans company’s stock worth $148,000 after purchasing an additional 582 shares in the last quarter. Legal & General Group Plc grew its position in Flagstar Bancorp by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 5,183 shares of the savings and loans company’s stock worth $159,000 after purchasing an additional 225 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Flagstar Bancorp by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 6,173 shares of the savings and loans company’s stock worth $190,000 after purchasing an additional 926 shares in the last quarter. 97.53% of the stock is currently owned by hedge funds and other 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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