Flagstar Bank (FBC) Upgraded to “Buy” at Compass Point

Compass Point upgraded shares of Flagstar Bank (NYSE:FBC) from a neutral rating to a buy rating in a research note published on Monday morning.

Several other brokerages have also weighed in on FBC. B. Riley reissued a buy rating and issued a $42.00 price objective on shares of Flagstar Bank in a research report on Wednesday, January 24th. ValuEngine upgraded shares of Flagstar Bank from a buy rating to a strong-buy rating in a research note on Friday, February 2nd. Boenning Scattergood restated a buy rating on shares of Flagstar Bank in a research note on Wednesday, April 25th. Zacks Investment Research downgraded shares of Flagstar Bank from a strong-buy rating to a hold rating in a research note on Tuesday, February 13th. Finally, Wedbush decreased their price target on shares of Flagstar Bank from $45.00 to $40.00 and set an outperform rating on the stock in a research note on Thursday, April 12th. Two analysts have rated the stock with a sell rating and eight have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $40.29.

Shares of Flagstar Bank opened at $34.18 on Monday, according to MarketBeat. The stock has a market capitalization of $1.96 billion, a PE ratio of 13.08 and a beta of 1.24. Flagstar Bank has a fifty-two week low of $34.13 and a fifty-two week high of $34.51. The company has a debt-to-equity ratio of 4.15, a quick ratio of 0.82 and a current ratio of 1.33.

In related news, COO Lee Matthew Smith sold 3,000 shares of the company’s stock in a transaction dated Tuesday, April 24th. The shares were sold at an average price of $34.58, for a total value of $103,740.00. Following the transaction, the chief operating officer now directly owns 71,911 shares in the company, valued at $2,486,682.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 9,000 shares of company stock worth $318,810 over the last 90 days. 62.90% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its stake in shares of Flagstar Bank by 57.8% in the first quarter. Legal & General Group Plc now owns 8,349 shares of the savings and loans company’s stock valued at $295,000 after acquiring an additional 3,059 shares in the last quarter. Jane Street Group LLC acquired a new stake in Flagstar Bank during the first quarter worth about $229,000. Nuveen Asset Management LLC grew its stake in Flagstar Bank by 12.3% during the first quarter. Nuveen Asset Management LLC now owns 1,175,117 shares of the savings and loans company’s stock worth $41,599,000 after buying an additional 128,297 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Flagstar Bank during the first quarter worth about $282,000. Finally, GSA Capital Partners LLP grew its stake in Flagstar Bank by 8.9% during the first quarter. GSA Capital Partners LLP now owns 22,721 shares of the savings and loans company’s stock worth $804,000 after buying an additional 1,861 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

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.

Analyst Recommendations for Flagstar Bank (NYSE:FBC)

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