Sandler O’Neill downgraded shares of Flagstar Bancorp (NYSE:FBC) from a buy rating to a hold rating in a research report report published on Friday, Marketbeat Ratings reports. They currently have $32.00 price target on the savings and loans company’s stock.

Several other brokerages have also commented on FBC. Zacks Investment Research upgraded shares of Flagstar Bancorp from a sell rating to a hold rating in a report on Thursday, October 25th. ValuEngine lowered shares of Flagstar Bancorp from a hold rating to a sell rating in a report on Thursday, November 1st. TheStreet lowered shares of Flagstar Bancorp from a b rating to a c+ rating in a report on Friday, November 9th. B. Riley set a $44.00 price objective on shares of Flagstar Bancorp and gave the stock a buy rating in a report on Friday, October 12th. Finally, Boenning Scattergood reaffirmed a buy rating on shares of Flagstar Bancorp in a research note on Wednesday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Flagstar Bancorp presently has an average rating of Hold and a consensus target price of $39.25.

NYSE:FBC opened at $28.83 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 3.28. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 11.67 and a beta of 1.03. Flagstar Bancorp has a 1-year low of $25.30 and a 1-year high of $40.06.

Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings data on Tuesday, October 23rd. The savings and loans company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.84 by $0.01. Flagstar Bancorp had a net margin of 7.89% and a return on equity of 11.62%. The firm had revenue of $231.00 million for the quarter, compared to analyst estimates of $242.20 million. During the same period in the prior year, the business posted $0.70 EPS. Equities analysts expect that Flagstar Bancorp will post 3.01 EPS for the current fiscal year.

In other Flagstar Bancorp news, CEO Alessandro Dinello bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 24th. The shares were purchased at an average cost of $29.08 per share, with a total value of $29,080.00. Following the purchase, the chief executive officer now directly owns 191,359 shares in the company, valued at $5,564,719.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 62.90% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC increased its position in shares of Flagstar Bancorp by 13,039.2% in the 2nd quarter. Millennium Management LLC now owns 843,798 shares of the savings and loans company’s stock valued at $28,909,000 after purchasing an additional 837,376 shares during the last quarter. BlackRock Inc. increased its position in shares of Flagstar Bancorp by 50.1% in the 2nd quarter. BlackRock Inc. now owns 2,319,761 shares of the savings and loans company’s stock valued at $79,474,000 after purchasing an additional 774,298 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Flagstar Bancorp by 36.5% in the 2nd quarter. Renaissance Technologies LLC now owns 992,112 shares of the savings and loans company’s stock valued at $33,990,000 after purchasing an additional 265,100 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Flagstar Bancorp by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,241,835 shares of the savings and loans company’s stock valued at $133,490,000 after purchasing an additional 208,584 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Flagstar Bancorp by 308.8% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 243,737 shares of the savings and loans company’s stock valued at $7,670,000 after purchasing an additional 184,113 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

About Flagstar Bancorp

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 Bancorp (NYSE:FBC)

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