Flagstar Bancorp (NYSE:FBC) had its price objective raised by research analysts at Raymond James from $35.00 to $40.00 in a report released on Friday, BenzingaRatingsTable reports. The brokerage presently has a “strong-buy” rating on the savings and loans company’s stock. Raymond James’ price target indicates a potential upside of 27.47% from the stock’s current price.

A number of other research firms also recently weighed in on FBC. ValuEngine downgraded Flagstar Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 27th. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a report on Tuesday, July 7th. B. Riley increased their target price on Flagstar Bancorp from $33.00 to $41.00 in a report on Wednesday. Finally, Wedbush lowered their target price on Flagstar Bancorp from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. One research analyst has rated the stock with a sell rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Flagstar Bancorp currently has an average rating of “Buy” and an average target price of $37.40.

Shares of Flagstar Bancorp stock traded up $0.06 during trading on Friday, hitting $31.38. 234,486 shares of the company’s stock traded hands, compared to its average volume of 289,690. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.24 and a quick ratio of 1.00. Flagstar Bancorp has a 1 year low of $16.76 and a 1 year high of $40.00. The stock has a market capitalization of $1.78 billion, a P/E ratio of 6.35 and a beta of 1.72. The business has a 50-day simple moving average of $28.40 and a 200-day simple moving average of $28.56.

Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings data on Tuesday, July 28th. The savings and loans company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.38 by $0.65. Flagstar Bancorp had a return on equity of 15.43% and a net margin of 16.78%. The company had revenue of $168.00 million for the quarter, compared to analysts’ expectations of $146.17 million. During the same period last year, the firm posted $0.71 earnings per share. Flagstar Bancorp’s revenue was up 13.5% compared to the same quarter last year. On average, equities analysts predict that Flagstar Bancorp will post 5.76 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of FBC. Meeder Asset Management Inc. bought a new position in shares of Flagstar Bancorp in the first quarter worth about $31,000. Nisa Investment Advisors LLC bought a new stake in Flagstar Bancorp during the 1st quarter valued at approximately $58,000. PNC Financial Services Group Inc. raised its stake in Flagstar Bancorp by 112.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,097 shares of the savings and loans company’s stock valued at $60,000 after purchasing an additional 1,641 shares during the period. Macquarie Group Ltd. bought a new stake in Flagstar Bancorp during the 4th quarter valued at approximately $63,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Flagstar Bancorp by 41.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,599 shares of the savings and loans company’s stock valued at $71,000 after purchasing an additional 1,058 shares during the period. 96.57% of the stock is currently owned by hedge funds and other institutional investors.

Flagstar Bancorp Company Profile

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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