Flagstar Bancorp (NYSE:FBC) Reaches New 1-Year High at $38.34

Flagstar Bancorp Inc (NYSE:FBC) hit a new 52-week high on Thursday . The company traded as high as $38.34 and last traded at $38.19, with a volume of 13260 shares. The stock had previously closed at $37.74.

A number of brokerages have weighed in on FBC. Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Thursday. ValuEngine downgraded shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, B. Riley boosted their target price on shares of Flagstar Bancorp from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $37.60.

The company has a market capitalization of $2.14 billion, a P/E ratio of 12.72 and a beta of 1.25. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.09 and a quick ratio of 0.82. The stock’s 50 day simple moving average is $36.94 and its two-hundred day simple moving average is $34.34.

Flagstar Bancorp (NYSE:FBC) last announced its earnings results on Tuesday, July 23rd. The savings and loans company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.24. Flagstar Bancorp had a net margin of 16.26% and a return on equity of 10.70%. The company had revenue of $306.00 million during the quarter, compared to the consensus estimate of $270.32 million. During the same period in the previous year, the firm posted $0.85 earnings per share. As a group, equities research analysts expect that Flagstar Bancorp Inc will post 3.28 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Friday, August 30th. Flagstar Bancorp’s dividend payout ratio is 5.30%.

Several large investors have recently modified their holdings of the company. Denali Advisors LLC grew its position in shares of Flagstar Bancorp by 238.1% during the 3rd quarter. Denali Advisors LLC now owns 32,800 shares of the savings and loans company’s stock worth $1,225,000 after buying an additional 23,100 shares during the period. State of Alaska Department of Revenue grew its position in shares of Flagstar Bancorp by 121.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 21,698 shares of the savings and loans company’s stock worth $810,000 after buying an additional 11,899 shares during the period. Maverick Capital Ltd. acquired a new stake in shares of Flagstar Bancorp during the 2nd quarter worth approximately $5,564,000. United Services Automobile Association grew its position in shares of Flagstar Bancorp by 3.6% during the 2nd quarter. United Services Automobile Association now owns 96,608 shares of the savings and loans company’s stock worth $3,202,000 after buying an additional 3,374 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in shares of Flagstar Bancorp during the 2nd quarter worth approximately $409,000. Institutional investors own 96.86% of the company’s stock.

About Flagstar Bancorp (NYSE:FBC)

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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