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 report released on Monday.

Other analysts have also issued research reports about the stock. ValuEngine lowered shares of Flagstar Bank from a strong-buy rating to a buy rating in a research report on Wednesday, May 2nd. Boenning Scattergood reissued a buy rating on shares of Flagstar Bank in a research report on Wednesday, April 25th. 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. Zacks Investment Research lowered shares of Flagstar Bank from a strong-buy rating to a hold rating in a research report on Tuesday, February 13th. Finally, Wedbush cut their price objective on shares of Flagstar Bank from $45.00 to $40.00 and set an outperform rating on the stock in a research report on Thursday, April 12th. Two equities research analysts have rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $40.29.

Shares of FBC stock opened at $34.18 on Monday. The company has a debt-to-equity ratio of 4.15, a quick ratio of 0.82 and a current ratio of 1.33. The firm has a market capitalization of $1.96 billion, a PE ratio of 13.08 and a beta of 1.24. Flagstar Bank has a 12 month low of $34.13 and a 12 month high of $34.51.

In other Flagstar Bank news, COO Lee Matthew Smith sold 3,000 shares of the company’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $35.73, for a total transaction of $107,190.00. Following the sale, the chief operating officer now directly owns 69,835 shares of the company’s stock, valued at $2,495,204.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 9,000 shares of company stock worth $318,810 over the last ninety days. Insiders own 62.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of FBC. Wells Fargo & Company MN raised its position in Flagstar Bank by 15.6% during the third quarter. Wells Fargo & Company MN now owns 40,288 shares of the savings and loans company’s stock worth $1,431,000 after acquiring an additional 5,435 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Flagstar Bank by 5.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 96,451 shares of the savings and loans company’s stock valued at $3,423,000 after purchasing an additional 4,980 shares during the period. California Public Employees Retirement System raised its position in shares of Flagstar Bank by 35.5% in the third quarter. California Public Employees Retirement System now owns 27,367 shares of the savings and loans company’s stock valued at $971,000 after purchasing an additional 7,167 shares during the period. Acadian Asset Management LLC raised its position in shares of Flagstar Bank by 206.6% in the fourth quarter. Acadian Asset Management LLC now owns 55,407 shares of the savings and loans company’s stock valued at $2,073,000 after purchasing an additional 37,334 shares during the period. Finally, Strs Ohio bought a new position in shares of Flagstar Bank in the fourth quarter valued at about $823,000. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

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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