Flagstar Bancorp (NYSE: FBC) cut to “hold” at Zacks Investment Research


Flagstar Bancorp (NYSE: FBC) has been downgraded from Zacks investment research from a “buy” note to a “keep” note in a report published on Wednesday, Zacks.com reports.

According to Zacks, “Flagstar Bancorp, Inc. is the holding company of 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 uses these deposits, along with other funds raised in the secondary market, to create or acquire loans nationwide. “

FBC shares opened at $ 49.39 on Wednesday. The company has a debt to equity ratio of 1.45, a quick ratio of 0.74, and a current ratio of 1.17. Flagstar Bancorp has a 52-week low of $ 39.41 and a 52-week high of $ 56.77. The company has a 50-day simple moving average of $ 47.96. The company has a market cap of $ 2.61 billion, a P / E ratio of 4.41 and a beta of 1.56.

Flagstar Bancorp (NYSE: FBC) last released its quarterly earnings data on Tuesday, October 26. The savings and loan company reported earnings per share of $ 2.94 for the quarter, beating consensus analysts’ estimates of $ 1.85 by $ 1.09. The company posted revenue of $ 461.00 million for the quarter, compared to analysts’ estimates of $ 179.93 million. Flagstar Bancorp had a net margin of 30.01% and a return on equity of 26.10%. During the same period last year, the company made a profit of $ 3.88 per share. On average, research analysts predict that Flagstar Bancorp will post 10.73 EPS for the current year.

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Major investors have recently bought and sold shares in the company. Handelsbanken Fonder AB increased its stake in Flagstar Bancorp by 19.5% in the second quarter. Handelsbanken Fonder AB now owns 9,800 shares of the savings and loan company valued at $ 414,000 after acquiring 1,600 additional shares in the last quarter. Envestnet Asset Management Inc. increased its holdings of Flagstar Bancorp shares by 58.8% in the second quarter. Envestnet Asset Management Inc. now owns 9,084 shares of the savings and loan company valued at $ 384,000 after acquiring 3,363 additional shares in the last quarter. Teacher Retirement System of Texas increased its stake in Flagstar Bancorp shares by 17.5% during the second quarter. Teacher Retirement System of Texas now owns 6,911 shares of the savings and loan company valued at $ 292,000 after purchasing 1,029 additional shares in the last quarter. American Century Companies Inc. increased its stake in Flagstar Bancorp by 35.3% in the second quarter. American Century Companies Inc. now owns 120,802 shares of the savings and loan company valued at $ 5,106,000 after purchasing an additional 31,514 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in Flagstar Bancorp by 6.6% during the second quarter. Mutual of America Capital Management LLC now owns 6,750 shares of the savings and loan company valued at $ 285,000 after purchasing an additional 418 shares in the last quarter. Hedge funds and other institutional investors hold 92.02% of the company’s shares.

Flagstar Bancorp Company Profile

Flagstar Bancorp, Incis a banking holding company, which provides financial services. It operates in the following segments: community banking, mortgage origination, mortgage services and others. The Community Banking segment offers loans, deposits, checking and savings accounts, consumer and business loans, cash management, equipment leasing and capital markets services.

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