Flagstar Bancorp (NYSE:FBC) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Flagstar Bancorp (NYSE:FBC) from a hold rating to a sell rating in a research report sent to investors on Tuesday, 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. “

Shares of FBC stock opened at $52.05 on Tuesday. The company has a market cap of $2.75 billion, a P/E ratio of 4.65 and a beta of 1.56. The stock has a 50 day simple moving average of $48.23 and a two-hundred day simple moving average of $47.93. 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 fifty-two week low of $40.69 and a fifty-two week high of $56.77.

Flagstar Bancorp (NYSE:FBC) last announced its earnings results on Tuesday, October 26th. The savings and loans company reported $2.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $1.09. Flagstar Bancorp had a return on equity of 26.10% and a net margin of 30.01%. The company had revenue of $461.00 million for the quarter, compared to analysts’ expectations of $179.93 million. During the same quarter in the previous year, the firm earned $3.88 earnings per share. On average, research analysts predict that Flagstar Bancorp will post 10.78 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 16th. Shareholders of record on Saturday, November 6th were paid a $0.06 dividend. The ex-dividend date was Friday, November 5th. This represents a $0.24 annualized dividend and a dividend yield of 0.46%. Flagstar Bancorp’s payout ratio is presently 2.14%.

Institutional investors and hedge funds have recently modified their holdings of the business. Fieldpoint Private Securities LLC raised its stake in shares of Flagstar Bancorp by 41.4% in the third quarter. Fieldpoint Private Securities LLC now owns 820 shares of the savings and loans company’s stock valued at $42,000 after buying an additional 240 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Flagstar Bancorp in the third quarter valued at $64,000. Captrust Financial Advisors raised its stake in shares of Flagstar Bancorp by 15.1% in the third quarter. Captrust Financial Advisors now owns 1,745 shares of the savings and loans company’s stock valued at $89,000 after buying an additional 229 shares during the period. Toronto Dominion Bank raised its stake in shares of Flagstar Bancorp by 26.4% in the second quarter. Toronto Dominion Bank now owns 2,099 shares of the savings and loans company’s stock valued at $89,000 after buying an additional 439 shares during the period. Finally, 6 Meridian bought a new stake in shares of Flagstar Bancorp in the third quarter valued at $213,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

About Flagstar Bancorp

Flagstar Bancorp, Incis a bank holding company, which engages in the provision of financial services. It operates through the following segments: Community Banking, Mortgage Originations, Mortgage Servicing, and Other. The Community Banking segment offers loans, deposits, checking and savings accounts, consumer and commercial loans, treasury management, equipment leasing, and capital markets services.

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