Does Flagstar Bancorp, Inc. (FBC) Have More Gas After Making 52-Week High?

January 14, 2018 - By Peter Erickson

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.02, from 1.06 in 2017Q2. It is positive, as 10 investors sold Flagstar Bancorp, Inc. shares while 38 reduced holdings. 15 funds opened positions while 37 raised stakes. 55.79 million shares or 1.54% more from 54.95 million shares in 2017Q2 were reported.
Acadian Asset Ltd Liability Com owns 18,073 shares or 0% of their US portfolio. Manufacturers Life Insurance The stated it has 0% in Flagstar Bancorp, Inc. (NYSE:FBC). Basswood Cap Mgmt Limited accumulated 1.52% or 930,988 shares. Numeric Investors Limited Liability invested 0% in Flagstar Bancorp, Inc. (NYSE:FBC). Fsi Gru reported 4.47% in Flagstar Bancorp, Inc. (NYSE:FBC). Moreover, Edge Wealth Mngmt has 0% invested in Flagstar Bancorp, Inc. (NYSE:FBC). Renaissance Tech Ltd holds 0.02% or 508,212 shares. Amer Century Inc owns 0% invested in Flagstar Bancorp, Inc. (NYSE:FBC) for 83,901 shares. Credit Suisse Ag stated it has 25,250 shares or 0% of all its holdings. 101,089 are owned by Los Angeles Cap Mgmt & Equity. Jacobs Asset Mngmt Ltd Limited Liability Company reported 325,000 shares. Opus Group Inc Inc Ltd Com holds 0.91% or 112,916 shares. 27,367 are owned by California Pub Employees Retirement Systems. Morgan Stanley has invested 0% in Flagstar Bancorp, Inc. (NYSE:FBC). New York State Common Retirement Fund holds 0% or 23,500 shares in its portfolio.

The stock of Flagstar Bancorp, Inc. (NYSE:FBC) hit a new 52-week high and has $41.08 target or 6.00 % above today’s $38.75 share price. The 7 months bullish chart indicates low risk for the $2.22B company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $41.08 price target is reached, the company will be worth $132.96M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 1.25% or $0.49 during the last trading session, reaching $38.75. About 231,438 shares traded or 46.08% up from the average. Flagstar Bancorp, Inc. (NYSE:FBC) has risen 24.05% since January 14, 2017 and is uptrending. It has outperformed by 7.35% the S&P500.

Analysts await Flagstar Bancorp, Inc. (NYSE:FBC) to report earnings on January, 23. They expect $0.53 earnings per share, up 8.16 % or $0.04 from last year’s $0.49 per share. FBC’s profit will be $30.31 million for 18.28 P/E if the $0.53 EPS becomes a reality. After $0.70 actual earnings per share reported by Flagstar Bancorp, Inc. for the previous quarter, Wall Street now forecasts -24.29 % negative EPS growth.

Flagstar Bancorp, Inc. (NYSE:FBC) Ratings Coverage

Among 10 analysts covering Flagstar Bancorp (NYSE:FBC), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Flagstar Bancorp has $43.0 highest and $24 lowest target. $37.29’s average target is -3.77% below currents $38.75 stock price. Flagstar Bancorp had 28 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was initiated by Stephens on Friday, March 24 with “Equal Weight”. The firm has “Mkt Perform” rating given on Friday, October 30 by Keefe Bruyette & Woods. Wood upgraded the shares of FBC in report on Tuesday, June 28 to “Outperform” rating. On Friday, October 6 the stock rating was maintained by Piper Jaffray with “Buy”. The rating was maintained by FBR Capital on Tuesday, November 14 with “Buy”. Raymond James initiated it with “Buy” rating and $36.0 target in Wednesday, August 30 report. Keefe Bruyette & Woods maintained it with “Hold” rating and $43.0 target in Thursday, December 21 report. As per Wednesday, October 18, the company rating was maintained by Piper Jaffray. The firm has “Buy” rating by Boenning & Scattergood given on Tuesday, June 13. On Tuesday, February 9 the stock rating was upgraded by Sandler O’Neill to “Buy”.

More important recent Flagstar Bancorp, Inc. (NYSE:FBC) news were published by: Seekingalpha.com which released: “Flagstar Bancorp’s (FBC) CEO Sandro DiNello on Q3 2017 Results – Earnings Call …” on October 24, 2017, also Prnewswire.com published article titled: “Flagstar to Acquire Opes Advisors, Inc.”, Crainsdetroit.com published: “Flagstar agrees to buy 8 bank branches in California” on November 15, 2017. More interesting news about Flagstar Bancorp, Inc. (NYSE:FBC) was released by: Prnewswire.com and their article: “Flagstar Announces 2017 Dodd-Frank Act Stress Test Results” with publication date: October 19, 2017.

Flagstar Bancorp, Inc. operates as a savings and loan holding firm for Flagstar Bank, FSB that provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company has market cap of $2.22 billion. The Company’s Community Banking segment offers various products, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer and commercial loans, home builder finance loans, and warehouse lines of credit. It has a 16.42 P/E ratio. It also provides other financial services to consumer and commercial customers, including lines of credit; revolving credit; treasury management solutions; equipment leasing; inventory and accounts receivable lending; and capital markets services comprising interest rate risk protection products.

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