Live Price Coverage: Is Buying 52-Week Stock Like Flagstar Bancorp Inc a Winning Strategy?

Live Price Coverage: Is Buying 52 Week Stock Like Flagstar Bancorp Inc a Winning Strategy?

The stock of Flagstar Bancorp Inc (NYSE:FBC) hit a new 52-week high and has $43.34 target or 52.00% above today’s $28.51 share price. The 6 months bullish chart indicates low risk for the $1.67B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $43.34 price target is reached, the company will be worth $868.40 million 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. About 189,061 shares traded hands or 61.74% up from the average. Flagstar Bancorp Inc (NYSE:FBC) has risen 36.19% since April 11, 2016 and is uptrending. It has outperformed by 30.05% the S&P500.

Flagstar Bancorp Inc (NYSE:FBC) Ratings Coverage

Out of 7 analysts covering Flagstar Bancorp (NYSE:FBC), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Flagstar Bancorp has been the topic of 11 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was initiated by Piper Jaffray on Friday, March 11 with “Overweight”. As per Tuesday, June 28, the company rating was upgraded by Keefe Bruyette & Woods. The rating was upgraded by Sandler O’Neill on Tuesday, February 9 to “Buy”. The rating was downgraded by Wood to “Market Perform” on Wednesday, July 27. As per Monday, November 2, the company rating was downgraded by Wood. Wedbush initiated the shares of FBC in a report on Tuesday, October 11 with “Neutral” rating. Keefe Bruyette & Woods downgraded the stock to “Mkt Perform” rating in Friday, October 30 report. The firm has “Outperform” rating given on Wednesday, July 29 by FBR Capital. The firm has “Outperform” rating given on Thursday, November 12 by FBR Capital. Wood upgraded the shares of FBC in a report on Tuesday, June 28 to “Outperform” rating.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 1.08 in 2016 Q2. Its down 0.17, from 1.25 in 2016Q1. The ratio dropped, as 12 funds sold all Flagstar Bancorp Inc shares owned while 38 reduced positions. 13 funds bought stakes while 41 increased positions. They now own 53.48 million shares or 0.10% less from 53.54 million shares in 2016Q1.
Moreover, Seawolf Ltd Liability Co has 5.7% invested in Flagstar Bancorp Inc (NYSE:FBC) for 299,236 shares. State Street Corp holds 373,786 shares or 0% of its portfolio. Moreover, Opus Capital Ltd Liability Corp has 1.15% invested in Flagstar Bancorp Inc (NYSE:FBC) for 212,648 shares. Art Advsrs Limited Liability Com holds 0.04% or 34,170 shares in its portfolio. Banc Funds Co Limited Co, a Illinois-based fund reported 133,900 shares. New York State Common Retirement Fund last reported 21,500 shares in the company. Metropolitan Life Co Ny reported 14,127 shares or 0% of all its holdings. Moreover, Martingale Asset Mngmt L P has 0.02% invested in Flagstar Bancorp Inc (NYSE:FBC) for 50,596 shares. American Group has invested 0% of its portfolio in Flagstar Bancorp Inc (NYSE:FBC). Springbok Cap Management Ltd Liability Corp, a New York-based fund reported 3,057 shares. Guggenheim Ltd Liability Company holds 0% of its portfolio in Flagstar Bancorp Inc (NYSE:FBC) for 47,633 shares. Zebra Management Ltd Liability reported 40,063 shares or 0.34% of all its holdings. Clarivest Asset Limited Liability Corporation reported 38,829 shares or 0.03% of all its holdings. The New York-based Tower Research Ltd Limited Liability Company (Trc) has invested 0.01% in Flagstar Bancorp Inc (NYSE:FBC). California Employees Retirement last reported 0% of its portfolio in the stock.

More news for Flagstar Bancorp Inc (NYSE:FBC) were recently published by: Marketwatch.com, which released: “Flagstar Bancorp downgraded to neutral from overweight at Piper Jaffray” on December 21, 2009. Wsj.com‘s article titled: “Flagstar Bancorp in $37.5 Million Settlement Over Mortgages” and published on September 29, 2014 is yet another important article.

FBC Company Profile

Flagstar Bancorp, Inc., incorporated on October 28, 1993, is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB (the Bank), a stock savings bank. The Firm operates through three divisions: Mortgage Originations, Mortgage Servicing and Community Banking. The Firm offers checking accounts, savings accounts, money market accounts, certificates of deposit, other services, consumer loans, commercial loans and warehouse lines of credit. Other financial services available to consumer and commercial clients include lines of credit, revolving credit, customized treasury management solutions, equipment leasing, inventory and accounts receivable.

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