Flagstar Bancorp (NYSE:FBC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, Zacks.com reports.

According to Zacks, “Flagstar Bancorp, Inc. is the holding company for Flagstar Bank, FSB, a federally chartered stock savings bank. Through its retail banking centers and e-commerce distribution channels, Flagstar attracts deposits from the general public. The institution utilizes these deposits, along with other funds garnered from the secondary market, to originate or acquire loans on a nationwide basis. “

A number of other brokerages have also recently commented on FBC. Wedbush reaffirmed an “outperform” rating on shares of Flagstar Bancorp in a report on Thursday, February 6th. ValuEngine raised shares of Flagstar Bancorp from a “strong sell” rating to a “sell” rating in a report on Monday, March 9th. B. Riley reduced their target price on shares of Flagstar Bancorp from $42.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Piper Sandler raised shares of Flagstar Bancorp from a “neutral” rating to an “overweight” rating and set a $39.00 target price for the company in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Flagstar Bancorp has a consensus rating of “Hold” and an average price target of $37.00.

Shares of NYSE:FBC opened at $19.95 on Friday. The company has a 50-day simple moving average of $30.50 and a 200-day simple moving average of $35.63. Flagstar Bancorp has a one year low of $16.76 and a one year high of $40.00. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.82 and a current ratio of 1.22. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 5.25 and a beta of 1.27.

Flagstar Bancorp (NYSE:FBC) last announced its earnings results on Tuesday, January 28th. The savings and loans company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.05. Flagstar Bancorp had a net margin of 15.53% and a return on equity of 11.79%. The business had revenue of $314.00 million during the quarter, compared to analysts’ expectations of $306.93 million. During the same period in the prior year, the company earned $0.72 earnings per share. As a group, research analysts forecast that Flagstar Bancorp will post 3.63 EPS for the current fiscal year.

In other news, EVP James Ciroli purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average cost of $35.35 per share, with a total value of $35,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 49.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Resources Management Corp CT ADV purchased a new position in Flagstar Bancorp during the third quarter worth about $37,000. DekaBank Deutsche Girozentrale purchased a new position in Flagstar Bancorp during the fourth quarter worth about $43,000. Ancora Advisors LLC purchased a new position in Flagstar Bancorp during the fourth quarter worth about $55,000. PNC Financial Services Group Inc. raised its holdings in Flagstar Bancorp by 37.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,456 shares of the savings and loans company’s stock worth $55,000 after purchasing an additional 394 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new position in Flagstar Bancorp during the fourth quarter worth about $63,000. 97.11% of the stock is 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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Analyst Recommendations for Flagstar Bancorp (NYSE:FBC)

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