Flagstar Bancorp Stock Forecast, Price & News

Flagstar Bancorp's stock was trading at $29.00 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, FBC stock has increased by 0.4% and is now trading at $29.11.
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4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flagstar Bancorp in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Flagstar Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
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Flagstar Bancorp Inc (NYSE:FBC) released its quarterly earnings results on Tuesday, July, 28th. The savings and loans company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.65. The savings and loans company earned $168 million during the quarter, compared to analysts' expectations of $146.17 million. Flagstar Bancorp had a net margin of 16.78% and a return on equity of 15.43%. The business's revenue for the quarter was up 13.5% on a year-over-year basis. During the same period last year, the business earned $0.71 EPS.
View Flagstar Bancorp's earnings history.

Flagstar Bancorp announced a quarterly dividend on Tuesday, July 28th. Investors of record on Tuesday, September 1st will be given a dividend of $0.05 per share on Tuesday, September 15th. This represents a $0.20 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Monday, August 31st.
View Flagstar Bancorp's dividend history.

Flagstar Bancorp declared that its Board of Directors has authorized a stock buyback program on Wednesday, January 30th 2019, which permits the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 2.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

4 equities research analysts have issued 12 month price objectives for Flagstar Bancorp's shares. Their forecasts range from $35.00 to $41.00. On average, they anticipate Flagstar Bancorp's share price to reach $38.75 in the next year. This suggests a possible upside of 33.1% from the stock's current price.
View analysts' price targets for Flagstar Bancorp.

Flagstar Bancorp saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,540,000 shares, an increase of 17.6% from the August 31st total of 1,310,000 shares. Based on an average trading volume of 528,800 shares, the days-to-cover ratio is currently 2.9 days. Currently, 3.7% of the company's stock are short sold.
View Flagstar Bancorp's Short Interest.

Some companies that are related to Flagstar Bancorp include People's United Financial (PBCT), TFS Financial (TFSL), Umpqua (UMPQ), BankUnited (BKU), Axos Financial (AX), Capitol Federal Financial (CFFN), Columbia Financial (CLBK), OceanFirst Financial (OCFC), Provident Financial Services (PFS), Brookline Bancorp (BRKL), Kearny Financial (KRNY), First Defiance Financial (FDEF), Northfield Bancorp (NFBK), NASB Financial (NASB) and Waterstone Financial (WSBF).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Flagstar Bancorp investors own include InterDigital Wireless (IDCC), Johnson & Johnson (JNJ), Bank of Hawaii (BOH), QUALCOMM (QCOM), Verizon Communications (VZ), AbbVie (ABBV), Broadcom (AVGO), Alibaba Group (BABA), salesforce.com (CRM) and Cisco Systems (CSCO).

Flagstar Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "FBC."

Flagstar Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include Copper Rock Capital Partners LLC (15.06%), Vanguard Group Inc. (6.24%), Nuveen Asset Management LLC (2.24%), Point72 Asset Management L.P. (1.25%), Grantham Mayo Van Otterloo & Co. LLC (1.10%) and Principal Financial Group Inc. (1.02%). Company insiders that own Flagstar Bancorp stock include Alessandro Dinello, David J Matlin, James Ciroli, Mp Thrift Investments LP and Patrick M Mcguirk.
View institutional ownership trends for Flagstar Bancorp.

FBC stock was sold by a variety of institutional investors in the last quarter, including AJO LP, Goldman Sachs Group Inc., Prudential Financial Inc., WINTON GROUP Ltd, Marshall Wace LLP, Vanguard Group Inc., Grantham Mayo Van Otterloo & Co. LLC, and Nuveen Asset Management LLC. Company insiders that have sold Flagstar Bancorp company stock in the last year include David J Matlin, and Mp Thrift Investments LP.
View insider buying and selling activity for Flagstar Bancorp.

FBC stock was purchased by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, Point72 Asset Management L.P., Copper Rock Capital Partners LLC, Balyasny Asset Management LLC, Assenagon Asset Management S.A., Cubist Systematic Strategies LLC, Seizert Capital Partners LLC, and Charles Schwab Investment Management Inc.. Company insiders that have bought Flagstar Bancorp stock in the last two years include Alessandro Dinello, James Ciroli, and Patrick M Mcguirk.
View insider buying and selling activity for Flagstar Bancorp.

Shares of FBC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of FBC stock can currently be purchased for approximately $29.11.

Flagstar Bancorp has a market capitalization of $1.66 billion and generates $1.40 billion in revenue each year. The savings and loans company earns $218 million in net income (profit) each year or $3.46 on an earnings per share basis. Flagstar Bancorp employs 4,453 workers across the globe.

The official website for Flagstar Bancorp is www.flagstar.com.

Flagstar Bancorp's mailing address is 5151 CORPORATE DRIVE, TROY MI, 48098. The savings and loans company can be reached via phone at 248-312-2000 or via email at [email protected]