Flagstar Bancorp Inc (FBC)

[guster0]

M&A: IMH Sells a Servicing Platform, Flagstar Finally Unloads MSRs?

By Paul Muolo

[e-mail]

Impac Mortgage Holdings has inked a deal to sell its servicing affiliate, AmeriHome Mortgage Corp., for an undisclosed sum and without identifying the buyer.

In a press statement, the nonbank called the mortgage servicing platform a “redundant” operation. As part of the sale, the buyer will also get $700 million in mortgage servicing rights, and licenses to service loans for Fannie Mae, Freddie Mac and FHA. The company said it will continue to service loans through its Excel Mortgage Servicing affiliate.

In a statement, IMH said the sale – expected to close in early 2014 – will help the company “streamline” its mortgage operations and provide “additional cash.” In the third quarter, IMH lost almost $5 million.

Meanwhile, investment banking officials told Inside Mortgage Finance that Flagstar has finally sold some of its MSRs, reportedly to a REIT. At press time, no other details were available. A Flagstar spokeswoman could not be reached for comment. Normally, the company does not comment on such matters.

[guster0]

Math correction to last post
I put:
(17.98 X 5.22) = 23.2 x 2 = 46.4
Should have been:
(17.98 + 5.22) = 23.2 x 2 = 46.4

I stand corrected!

[guster0]

Looks like this one goes up before earnings.
Banks are the last frontier for undervalued stocks.
This has room to run up.
We should be trading at 2 x book

So...

17.98 x 2 = 35.96
Or adding in the DTA's
(17.98 X 5.22) = 23.2 x 2 = 46.4

We are 18.35 close of biz on Friday.

Lot's of room to go!

[guster0]

Is this just an option thing or do we have some news that needs to break?

[guster0]

Flagstar Bancorp (NYSE:FBC) was upgraded by investment analysts at Compass Point from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $20.00 target price on the stock, up from their previous target price of $15.50. Compass Point’s price objective would suggest a potential upside of 25.00% from the company’s current price

These boyz have been dogging ole FBC for qtr after qtr I am glad to see them hop on the money train.

I don't see any reason not to put this at 30.00 + stock by the end of 2014 IMHO

This stock is soooooooooooooooooooooooooooooooooooooooooo undervalued even now with a 10 + % gain we are still not even close.

Stamp my ticket I am going to the next stop!

BEEEEEEEEEEEEEEEEEEEEEP BEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEP
ALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL ABOARD!
:)

[Ecomike]

Looks like FBC good news is out

[guster0]

We need this out of the way NOW!


http://www.housingwire.com/articles/27635-flagstar-reps-and-warrants-deal-may-be-coming-with-fannie

[guster0]

Equities research analysts at FBR Capital Markets increased their price target on shares of Flagstar Bancorp (NYSE:FBC) from $20.00 to $23.00 in a research note issued to investors on Thursday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price target suggests a potential upside of 37.72% from the company’s current price.

from:
http://tickerreport.com/banking-finance/38343/fbr-capital-markets-increases-flagstar-bancorp-price-target-to-23-00-fbc/

[guster0]

I was reading this am about Paul Miller at FBR capital has FBC as an outperform with a price target at 23.00

LOL that is book value inc. the DTA's

Then the question should be asked how much is a profitable regional bank with a national mortgage bank attached.

Surly not JUST book value?

They say book X 2 so we still should be in the high twenty's if not low thirties.

WAY UNDER VALUED IMHO...
MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

LOL

[Ecomike]

It looks to me like a few of the FBC cash cows came home today?

[guster0]

LOL I think we are it for now. That may change.

The book is 17.96 plus 5.22 in DTA's (300 million per ceo)
so we are around 23.00 in book value.

From what I have read the fair value should be book X 2 so I would use 17.96 X 2 for a good profitable regional bank. We are not even close to that. I use the 17.96 because I really feel they are going to use the 300 million in DTA's to pay off the TARP that was sold to a private investor. They ARE NOT GOING TO PAY TARP OFF IN THE NEAR TERM. They are ok paying the NINE PERCENT INTEREST STARTING IN 2014????

The mortgage business is healing very nice now with NPL's and TDR's being brought current at a fast pace. The bump we hit this qtr was higher interest rates and slow down in Re-fi's with an increase in purchases.
The increase in purchases did not overtake the decrease in Re-fi's.

4th qtr may not be any better if not a little worse as this one.
We do have a large MSR deal in the making and we might see it get done in Q4 from what I have read it could be profitable for the company.

Go to YMB for more info I have posted their.

LONG AND STRONG ON FBC I see Thirties somewhere down the road.

I M H O !!!!!

[Ecomike]

Thanks for keeping us (or me?) updated, I am still long!!!

So the book value is what is keeping the price up.

[guster0]

Swing and a miss....
earnings .16 PPS missed by .13 cents.

Book now at 17.96 so we are almost 4 bucks below book.

uhmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm

[guster0]

Rough 2 days Friday high of 15.91 down to today LOW of 14.61 OUCH!
Now at 14.89 A/H waiting for the qtr news.

[Ecomike]

I like the sound of all of that!!! I still have a bag full of FBC shares

[guster0]

Things to ponder going into 3rd qtr release.

Did they sell most if not all the MSR?
If they did that could allow close to another billion in cash on the BS. We had close to 2 billion last qtr so if they did dispose of the MSR you should be up around 3 billion mark in cash.

IF all that did happen why not payoff TARP? NINE % interest coming in 2014 and nobody is paying that kind of interest!

So we pay off TARP. Once that is out of the way and if we are still profitable then lets declare a small divy. Heck we are 2.50 below book and should be trading at 2 times that value.. Say 34.00 so once you pay the divy hopefully the volume increases and the PPS follows.

But hey let not stop here.

We still have approx 266 million in DTA's that need to be put to work. So lets call up Mr & Mrs regulator and ask them to hound the feds IRS to cough up the DTA's. Sure makes it easier to make a profit when your tax liability is decreased?

Hey how about making that community bank a profit center too!

Lots of things to watch for in the next week or 2.

HIGHER TIMES FOR OLE FBC!

[guster0]

AT PRESS TIME: We were hearing reports that Flagstar was putting the finishing touches on yet another sale of mortgage servicing rights. The thrift has yet to comment on its sales, but a disclosure via the Securities and Exchange should be afoot. Presumably, this is a “material event.” See more on the story on IMFnews next week.

from:
What We’re Hearing: Mortgage Rates May Go Sky High / Beware Small Business Owners Located Near National Parks / Why Can’t Anyone Else Raise Money for Subprime? / Flagstar Working on Another MSR Deal

By Paul Muolo

[e-mail]

[chmcnfunds]

Price & Volume Alert
Tuesday, September 17, 2013

Flagstar Bancorp Inc (FBC:NYSE) Crossed above its 15 day moving average of $14.39 with a trade of $14.40 at 10:02AM ET

FBC

[chmcnfunds]

Technicals looking good. Moving out of oversold on RSI, CCI and Wm%. MACD and SAR cross on the way:



FBC

[guster0]

Keep the rally going here is what is needed IMHO.
They need to make the community bank profitable!
They need to get rid of TARP with over 300 million in DTA's they need to be able to deploy those to payoff TARP.
They will need to strengthen the mortgage bank and do so in a hurry as business will continue to deteriorate at a (let's call it RAPID pace) due to higher mortgage interest rates.
Once TARP is done with a small dividend to shareholders will allow PPS to continue it forward pace along as the company can maintain it's profitable ways.

With major legacy lawsuits pushed aside coupled with those 300+ million DTA's this is a huge plus.
The downside is the Community bank continues to be a drag on the company (they did address this on the call and are working to correct the negative entry on the BS and trying to make that a positive).
Increasing interest rates will continue to drag on the mortgage side. Without a larger share of the market place this could cause a large impact on profits.

I remain long my position as I feel we will level off in the real estate market and feel that we will go to a normal setting vs the major ups and downs. If FBC increases market share in this area we will continue our profitable ways. Once the community bank is back in a profitable stance that will also fortify the profitability.
Utilizing the 300+ million in DTA will also be a bonus.

GLTA!

[Ecomike]

Smokin FBC is!!!!

[guster0]

Flagstar Bancorp hit a six-month high on Friday, and traders are betting that it has more room to run.

More than 2,900 October 17.50 calls traded in a strong buying pattern on Friday for $0.50 to $0.80, according to optionMONSTER's Heat Seeker tracking system. The volume was well above the strike's previous open interest of 830 contracts, indicating that new positions were initiated.

These long calls lock in a $17.50 purchase price for the stock through mid-October no matter how far it might rise. They could be sold earlier at a profit if their premiums gain with a rally in FBC before then, but the contracts will expire worthless if shares remain below that level. (See our Education section)

FBC jumped 6.6 percent to $16.96, its highest close since Jan. 23. The Michigan-based regional bank, which reported second-quarter earnings last Tuesday, was upgraded to "neutral" from "sell" by Compass Point on Friday.

The call buying made up almost all of Flagstar's total option volume in the session, which was 19 times its daily average for the last month. Overall calls outnumbered puts by a bullish 39-to-1 ratio.

http://www.optionmonster.com/news/article.php?page=bulls_salute_flagstar_at_6month_high_84044.html

[guster0]

i agree!! What an amazing day. Now after digesting allot of news about where interest rates are going and how slow not only refi's but new home sales are heading I may need a shot of Malox. Someone always rains on my parade!

Monday will be interesting. I liked to watch the guy after hours who sold off over 5K at 16.58. Must have been a short or just someone that wanted to take a .40 cent hit just for kicks? LOL

I bet we head back in that direction on Monday. Hope I am wrong!

GLTU!

[Ecomike]

LOL, amazing how a rally changes one attitude, LOL

[guster0]

I'll tell you... You get excited on days when you have a fleet of loaded trucks with shares of FBC and it goes up .98 cents and is still climbing and on a FRIDAY TO BOOT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Look out there is a lobster out there with my name on it with a very fine bottle of CA cab to go with!


LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOVE THIS STOCK AND I LLLLLLLLLLLLLLLLLLLLLLLLLLLOOOOOOOOOOOOOOOOOOOOOOOOOOOVE THIS COUNTRY!

LOL

GLTA!!!!!!!!!!!!!!!!!!!!

[Ecomike]

Last Friday was Options expiration, so no doubt this was a run up and down to sell a new round of options and some people selling the news.

[guster0]

Just a weird trading day all around. Before the market open someone jumped in with 2000 shares at 16.29 then someone took over and took it down to 14.85 during normal trading hours. Then after the call at about 1:00 pm EDT some one was either buying a boat load or a short decided to exit their positions and took it back up to 15.95 Then we spent the rest of the day with a hammer over our heads getting pounded back to 15.60.
Nice Volume for a change but I sure thought the outcome would have been different. See no reason not to be trading upwards of 17 before next earnings.

Guess I will hang around for one more qtr.

GLTA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[guster0]

Got more at 14.90 I will continue to buy below 14.90 if they wish to slam her down further.

New home sales are on FIRE and FBC said that is where they are headed and I want more CHEAP SHARES!!!!!!!!!!!!!!!!

GLTA!

[guster0]

I should have bought more!!!

I DID!!!!!

LOL

Hope she hits book soon!!!!!!!

GLTU sir!!!!

[Ecomike]

Hot DAM, we have a winner folks!!!!

I should have bought more!!!!


Go FBC!!!!

[guster0]

17.66 bv now

[guster0]

Flagstar Reports Second Quarter 2013 Net Income of $65.8 million or $1.10 per Diluted Share
Strengthened regulatory capital ratios and significantly reduced balance sheet risk through bulk loan sales
Non-performing loans declined by 30 percent, troubled debt restructurings declined by 26 percent and allowance coverage increased to 94 percent
Successfully resolved key legacy litigation
New CEO Sandro DiNello committed to transparency and shareholder value

TROY, Mich., July 23, 2013 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC) ("the Company"), the holding company for Flagstar Bank, FSB (the "Bank"), today reported second quarter 2013 net income applicable to common stockholders of $65.8 million, or $1.10 per share (diluted), as compared to $22.2 million, or $0.33 per share (diluted), in the first quarter 2013 and $86.0 million, or $1.47 per share (diluted), in the second quarter 2012. Book value per common share increased to $17.66 at June 30, 2013, as compared to $16.46 at March 31, 2013.

"Our second quarter results represent the successful continuation of Flagstar's efforts to reduce risk, address legacy issues and build strong capital levels," said Sandro DiNello, the Company's President and Chief Executive Officer. "We believe that these efforts, along with new initiatives to reduce expenses and maximize efficiency across the organization, collectively position Flagstar for long-term growth and shareholder value creation.

"During the quarter, we were opportunistic in the resolution of our remaining legacy litigation, entering into settlement agreements with both MBIA and Assured, resulting in a net gain of $44 million. In addition, we took advantage of an improving market for loan demand, selling a substantial amount of non-performing loans and troubled debt restructurings virtually at book, which significantly improved our asset quality ratios. This month, we also made the decision to outsource our non-core default servicing business, which we believe will generate significant cost savings and better position the company to focus on growing the core performing servicing business."

Mr. DiNello continued, "Gain on loan sale income grew from the prior quarter, reflecting an increase in base margin and a flat level of mortgage locks. Despite this improvement, it is important to convey that we believe the recent uptick in mortgage rates will significantly decrease overall refinance volumes in the coming quarters. We believe we can offset some of the expected decrease in refinance production by leveraging our product offerings, overall market position and reputation for speed of closing, and certainty of execution, to continue to grow our share of the purchase market. We also plan to focus on efficiency optimization and disciplined expense management throughout the organization, while developing strategies to improve cross-sells and to utilize excess cash to grow interest-earning assets. As we drive towards Flagstar's next phase of growth and development, we remain committed to improved disclosure and transparency to ensure that our strategy and improved performance is better communicated among the investment community."

[guster0]

Sad on the day before earnings you have a red day!
These numbers better be OUTSTANDING or it could be a very looooooooooong day on Wednesday!

[guster0]

IMHO no issue for FBC.

The mortgage business is across the U.S. and I don't think the Bank is just in Detroit it is across Michigan. With the automakers running again they should benefit from that plus the housing market is on fire.

This better be a win win for FBC. If they fail this last QTR they could be in trouble!

Can't wait for Tuesday night!!!!

GLTU!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Ecomike]

Nice

Thoughts on Detroit news?

[guster0]

Michigan City, Ind.-based Horizon Bancorp (Nasdaq GM: HBNC), which operates branches in Southwest Michigan and Northern Indiana, posted its best-ever quarterly income in the company's history. Second-quarter net income improved 15.4 percent to $5.7 million, or $0.62 per diluted share, compared to the same period last year. Strong growth in mortgage originations and the bank's commercial loan portfolio, which passed the $500 million mark for the first time in its history, helped offset decreases in other loan portfolios during the first half of 2013. The release is here and financial charts are here. - See more at: http://mibiz.com/item/20758-july-20-2013-the-ticker#sthash.4sSBsiYC.dpuf

from
http://mibiz.com/item/20758-july-20-2013-the-ticker

[guster0]

TROY, Mich., July 17, 2013 /PRNewswire via COMTEX/ -- Flagstar Bancorp, Inc. FBC +2.90% ("Flagstar" or the "Company") today announced its plan to shift the focus of its mortgage servicing business to performing servicing assets. Flagstar has made the decision to outsource its non-core default servicing business, which represents less than 4 percent of its overall servicing book, to a recognized servicer that specializes in this area. This is part of Flagstar's ongoing strategy to deliver improving performance while maintaining its commitment to its national mortgage business and community banking in Michigan. Part of this strategy is to diversify earnings through the growth of Flagstar's performing mortgage servicing franchise. This transition to a recognized specialty servicer is expected to occur by the end of the third quarter.

http://www.marketwatch.com/story/flagstar-to-shift-focus-of-mortgage-servicing-business-2013-07-17

[guster0]

FBC is an 18.00 PPS shortly

Worried about October but once we clear that hurdle I see no reason we couldn't revisit the twenty's (20.00;s) by first of 2014.

Housing market on FIRE
Rates going up and not putting out the fire.
All Detroit car markers are on FIRE!
unemployment on the mend.
Foreclosures are faling at a high rate.

If you are asleep at the wheel is the only way you couldn't hit this qtr out of the ball park even out of this universe!

This one is going to ROCK!

Watch Mr Lewis he is head of the heard and he is M&A SAVVY!

S T R O N G B U Y!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Less

[Ecomike]

WOW, nice $$$$$$ ring to it:

Troy-based Flagstar Bank closed 221,237 loans in 2012 with a total volume of $53.5 billion, ranking 1st,

[guster0]

Independent and Flagstar banks bookend nation's top mortgage lenders



Ionia-based Independent Bank and Flagstar Bank rank among the nation's top mortgage lenders in 2012.

Independent Bank closed 4,387 loans in 2012 with a total volume of $538 million, ranking 73rd in top overall volume in Scotsman Guide's 2012 Top Mortgage Lenders list.

Scotsman Guide is a information resource for mortgage originators.

Scotsman released its first annual Top Mortgage Lenders rankings in the guide’s June 2013 residential mortgage edition.

Troy-based Flagstar Bank closed 221,237 loans in 2012 with a total volume of $53.5 billion, ranking 1st, while Troy-based United Shore Financial Services closed 34,091 loans in 2012 with a total volume of $7 billion, ranking 9th, and Ann Arbor-based Cole Taylor Mortgage closed 20,617 loans with a total volume of $5.1 billion, ranking 16th.

Independent Bank, a subsidiary of Independent Bank Corp. (Nasdaq: IBCP), operates branches across Michigan’s Lower Peninsula.

Criteria

To be eligible for consideration in Scotsman Guide’s Top Mortgage Lenders rankings, all loan volume had to be from mortgages on one to four unit residential properties in the U.S.

No commercial or international loans were included.

Scotsman Guide required written verification of top entrants’ volume from a certified public accountant, the chief financial officer at the company or a similar source.


http://www.grbj.com/articles/77277-independent-and-flagstar-banks-bookend-nations-top-mortgage-lenders

[guster0]

IMHO We see 18.00 after that is anyones guess. Will have to see how fast rates rise and how it slows the housing market down.

GLTA

[Ecomike]

Be nice to see $40 / FBC share down the road.

[guster0]

2.28 Million shares traded today and she is still going after hours!!
WOW WOW WOW

Welcome to the Russell perhaps? Confirmation on Monday.

No more games just lots and lots of Volume I hope!

[guster0]

Can't justify current PPS with news like this!

(Reuters) - Contracts to purchase previously owned U.S. homes rose in May to the highest level in more than six years as buyers rushed to the market to lock in deals before interest rates climb higher.

The National Association of Realtors said on Thursday its Pending Home Sales Index, based on contracts signed last month, increased 6.7 percent to 112.3, the highest level since December 2006.

Economists polled by Reuters had expected signed contracts, which become sales after a month or two, to rise only 1.0 percent. The gain followed a 0.5 percent drop in April that was previously reported as a 0.3 percent gain.

Compared to last year contracts were up 12.1 percent.

http://www.reuters.com/article/2013/06/27/us-usa-economy-homes-idUSBRE95Q0R420130627?feedType=RSS&feedName=businessNews

[guster0]

FBC could be back on the Russell Index July 1

Reconstitution additions & deletions
As of June 21, 2013

RSSIndex membership RSS feed
Want more data?
Subscribe to Russell Indexes
These are the preliminary additions and deletions for the
Russell Global, Russell 3000® and Russell Microcap® Indexes.

Please refer to the reconstitution schedule for details on the next scheduled release.

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RUSSELL 3000
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Additions | Deletions
Company

Country

Sector
FIRST SECURITY GROUP INC United States Financial Services
FLAGSTAR BANCORP INC United States Financial Services
FONDIARIA-SAI SPA Italy Financial Servicesealth Care Less



http://www.russell.com/indexes/tools-resources/reconstitution/reconstitution-changes.asp

[chmcnfunds]

Flagstar Bancorp Rating Increased to Neutral at Zacks (FBC)

Posted by: Hossein Forouzandeh Posted date: June 25, 2013

Flagstar Bancorp (NYSE: FBC) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Tuesday, Analyst Ratings.Net reports. The firm currently has a $14.00 price objective on the stock. Zacks‘ target price suggests a potential upside of 2.49% from the stock’s previous close.

Flagstar Bancorp (NYSE: FBC) traded up 0.29% on Tuesday, hitting $13.70. Flagstar Bancorp has a 52-week low of $7.10 and a 52-week high of $20.38. The stock’s 50-day moving average is currently $13.48. The company has a market cap of $767.7 million and a price-to-earnings ratio of 9.66.

Flagstar Bancorp (NYSE: FBC) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.01 by $0.68. During the same quarter in the prior year, the company posted ($0.20) earnings per share. On average, analysts predict that Flagstar Bancorp will post $2.06 earnings per share for the current fiscal year.

FBC has been the subject of a number of other recent research reports. Analysts at Compass Point raised their price target on shares of Flagstar Bancorp from $11.00 to $12.00 in a research note to investors on Monday. They now have a “sell” rating on the stock. Separately, analysts at BTIG Research initiated coverage on shares of Flagstar Bancorp in a research note to investors on Wednesday, May 29th. They set a “buy” rating and a $18.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of Flagstar Bancorp from $17.50 to $15.00 in a research note to investors on Friday, April 26th.

One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.80.

Flagstar Bancorp, Inc is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB (NYSE: FBC), a federally chartered stock savings bank.

To view Zacks’ full report, visit www.zacks.com
__________________________________________________________
http://www.mideasttime.com/flagstar-bancorp-rating-increased-to-neutral-at-zacks-fbc/27446/

FBC

[guster0]

Compass Point Increases Flagstar Bancorp Price Target to $12.00 (FBC)

12.00 how did they come up with that one?

Company has 2+ billion in cash and deposits they are talking about selling all the MSR or large chunk anyway for close to 750 Million in cash that would give them almost 3 billion in cash.

All major suits are now settled with RESERVED CASH. Even after settlement they will show a profit of 48 million cause they over reserved for suits.

IF you add the 48 million back into Q1 they would have shown a 70 million $ profit.

Housing market is still on fire.

interest rates are going up (always good for a bank)

always keeping an eye out for Mr Lewis. He does M&A and leads the heard.

Q1 BV 16.50

Twelve $'s can I have a hit from that crack pipe?

See you all at 16 soon!

[chmcnfunds]

Compass Point Increases Flagstar Bancorp Price Target to $12.00 (FBC)

June 24th, 2013 - 0 comments - Filed Under - by Latisha Jones

Analysts at Compass Point increased their price target on shares of Flagstar Bancorp (NYSE: FBC) from $11.00 to $12.00 in a research report issued to clients and investors on Monday, Stock Ratings Network.com reports. The firm currently has a “sell” rating on the stock. Compass Point’s price target would indicate a potential downside of 12.15% from the stock’s previous close.

A number of other firms have also recently commented on FBC. Analysts at BTIG Research initiated coverage on shares of Flagstar Bancorp in a research note to investors on Wednesday, May 29th. They set a “buy” rating and a $18.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Flagstar Bancorp from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, May 27th. They now have a $12.70 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of Flagstar Bancorp from $17.50 to $15.00 in a research note to investors on Friday, April 26th.

Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $15.54.

Shares of Flagstar Bancorp (NYSE: FBC) traded up 3.17% during mid-day trading on Monday, hitting $13.66. Flagstar Bancorp has a one year low of $7.00 and a one year high of $20.38. The stock’s 50-day moving average is currently $13.46. The company has a market cap of $765.5 million and a P/E ratio of 9.36.

Flagstar Bancorp (NYSE: FBC) last released its earnings data on Tuesday, April 23rd. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.01 by $0.68. During the same quarter in the prior year, the company posted ($0.20) earnings per share. On average, analysts predict that Flagstar Bancorp will post $2.06 earnings per share for the current fiscal year.

Flagstar Bancorp, Inc is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB (NYSE: FBC), a federally chartered stock savings bank.
__________________________________________________________
http://www.dailypolitical.com/finance/stock-market/compass-point-increases-flagstar-bancorp-price-target-to-12-00-fbc.htm

FBC

[guster0]

I think 18.00 would not be out of the question.
16.50 BV (Q1 2013) the PROFITABLE business should be worth at least 2 bucks.
I see twenty's next year providing the mortgage business doesn't go flat but with rates going higher that will be a nice positive!
IMHO!!!

[guster0]

You should have bought at the open. I got some below 13.20.
I have an open order at 13.25 to buy some more if the market will allow.