Flagstar Bank (FBC) Stock Rating Upgraded by ValuEngine
ValuEngine upgraded shares of Flagstar Bank (NYSE:FBC) from a buy rating to a strong-buy rating in a research note published on Tuesday.
Other equities analysts have also issued reports about the company. B. Riley reaffirmed a buy rating on shares of Flagstar Bank in a research note on Friday, March 2nd. Boenning Scattergood set a $40.00 price objective on Flagstar Bank and gave the stock a buy rating in a research note on Wednesday, December 27th. Wedbush cut their price objective on Flagstar Bank from $45.00 to $40.00 and set an outperform rating on the stock in a research note on Thursday, April 12th. Finally, Zacks Investment Research lowered Flagstar Bank from a strong-buy rating to a hold rating in a research note on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $40.29.
Flagstar Bank stock opened at $34.79 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 0.87 and a debt-to-equity ratio of 4.40. The company has a market capitalization of $1,999.36, a P/E ratio of 14.09 and a beta of 1.21. Flagstar Bank has a one year low of $28.43 and a one year high of $40.06.
Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in Flagstar Bank in the third quarter valued at approximately $144,000. Teacher Retirement System of Texas acquired a new position in Flagstar Bank in the fourth quarter valued at approximately $293,000. USA Financial Portformulas Corp acquired a new position in Flagstar Bank in the fourth quarter valued at approximately $296,000. MetLife Investment Advisors LLC bought a new stake in shares of Flagstar Bank during the fourth quarter valued at approximately $342,000. Finally, AXA bought a new stake in shares of Flagstar Bank during the fourth quarter valued at approximately $644,000. 97.25% of the stock is currently owned by hedge funds and other institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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