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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/22/2024 | $95.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 1/10/2024 | $88.00 | Buy | Deutsche Bank |
| 12/6/2023 | $80.00 | Buy | UBS |
| 11/15/2023 | $74.00 | Overweight | Barclays |
| 10/2/2023 | $62.00 → $65.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 4/21/2022 | Neutral | BTIG Research | |
| 2/14/2022 | $52.00 → $59.00 | Outperform | Credit Suisse |
| 2/14/2022 | $60.00 → $71.00 | Overweight | Piper Sandler |
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
Flagstar Bank, N.A. (the "Bank"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") announced today that, it entered into a definitive agreement to sell its residential mortgage servicing business, including mortgage servicing rights and the third-party origination platform to Mr. Cooper (NASDAQ:COOP), a leading non-bank mortgage originator and servicer for approximately $1.4 billion. The transaction is expected to close during the fourth quarter of 2024.
Mr. Cooper Gr (NASDAQ:COOP) reported quarterly earnings of $2.52 per share which beat the analyst consensus estimate of $2.37 by 6.33 percent. The company reported quarterly sales of $583.000 million which beat the analyst consensus estimate of $550.712 million by 5.86 percent. This is a 19.96 percent increase over sales of $486.000 million the same period last year.
Keefe, Bruyette & Woods analyst Bose George downgrades Mr. Cooper Gr (NASDAQ:COOP) from Outperform to Market Perform and maintains the price target from $95 to $95.
Reported net income of $80 million including other mark-to-market of ($126) million, equivalent to ROCE of 6.9% and operating ROTCE of 16.8% Book value per share and tangible book value per share increased to $72.49 and $69.93 Servicing portfolio grew 32% y/y to $1,239 billion Repurchased 0.5 million shares of common stock for $46 million Issued $750 million senior notes priced at 6.5% Certified as Great Place to Work for the 6th year in a row Mr. Cooper Group Inc. (NASDAQ:COOP) (the "Company"), reported third quarter income before income tax expense of $112 million and net income of $80 million. Excluding other mark-to-market and other adjustments, the Company reported pretax
Mr. Cooper Group Inc. (NASDAQ:COOP) will discuss its financial results for the third quarter 2024 on October 23, 2024 at 10:00 A.M. Eastern Time. A copy of the press release and investor presentation will be posted prior to the call under the investors section on Mr. Cooper Group's website, www.mrcoopergroup.com. Pre-registration for the call is now open by following the registration link here. Participants will receive a toll-free dial-in number and a unique registrant ID to be used for immediate call access. A simultaneous audio webcast of the conference call will be available under the investors section on www.mrcoopergroup.com. A replay of the audio webcast will also be available appro
TRANSACTION ADDS 60 BASIS POINTS TO CET1 RATIO AND ACCELERATES TRANSITION TO A LEADING DIVERSIFIED, FULL-SERVICE REGIONAL BANK HICKSVILLE, N.Y., July 25, 2024 /PRNewswire/ -- Flagstar Bank, N.A. (the "Bank"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") announced today that, it entered into a definitive agreement to sell its residential mortgage servicing business, including mortgage servicing rights and the third-party origination platform to Mr. Cooper (NASDAQ:COOP), a leading non-bank mortgage originator and servicer for approximately $1.4 billion. The transaction is expected to close during the fourth quarter of 2024.
Keefe Bruyette downgraded Mr. Cooper Group from Outperform to Mkt Perform and set a new price target of $95.00
Deutsche Bank initiated coverage of Mr. Cooper Group with a rating of Buy and set a new price target of $88.00
UBS initiated coverage of Mr. Cooper Group with a rating of Buy and set a new price target of $80.00
Mr. Cooper Group Inc. ("Mr. Cooper") announced today that it has closed the previously announced acquisition of Flagstar Bank N.A. ("Flagstar")'s mortgage operations. The transaction included acquisition of MSRs, advances, subservicing contracts, and Flagstar's third-party origination platform for approximately $1.3 billion in cash. Mr. Cooper's Chairman and CEO Jay Bray commented, "This acquisition demonstrates our ability to deliver full-service solutions to financial institutions and other clients, helping them manage their balance sheet and legacy and ongoing operations to achieve their strategic goals. We welcome Flagstar's customers, clients, and team members to Mr. Cooper and expect
Reported net income of $80 million including other mark-to-market of ($126) million, equivalent to ROCE of 6.9% and operating ROTCE of 16.8% Book value per share and tangible book value per share increased to $72.49 and $69.93 Servicing portfolio grew 32% y/y to $1,239 billion Repurchased 0.5 million shares of common stock for $46 million Issued $750 million senior notes priced at 6.5% Certified as Great Place to Work for the 6th year in a row Mr. Cooper Group Inc. (NASDAQ:COOP) (the "Company"), reported third quarter income before income tax expense of $112 million and net income of $80 million. Excluding other mark-to-market and other adjustments, the Company reported pretax
Mr. Cooper Group Inc. (NASDAQ:COOP) announced today several senior leadership updates as the company continues to focus on innovation with investments in new technologies and artificial intelligence to better support customers on their homeownership journey. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241009439789/en/Sridhar Sharma, Chief Innovation and Digital Officer at Mr. Cooper (Photo: Business Wire) Sridhar Sharma will assume the role of Executive Vice President and Chief Innovation and Digital Officer. Sharma has been with the company for the last decade serving as Chief Information Officer. Under his leadership, Mr. Co
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
10-Q - Mr. Cooper Group Inc. (0000933136) (Filer)
8-K - Mr. Cooper Group Inc. (0000933136) (Filer)
8-K - Mr. Cooper Group Inc. (0000933136) (Filer)
SC 13G/A - Mr. Cooper Group Inc. (0000933136) (Subject)
SC 13G/A - Mr. Cooper Group Inc. (0000933136) (Subject)
SC 13G/A - Mr. Cooper Group Inc. (0000933136) (Subject)
LendingPoint, the award-winning online loan origination and servicing platform, announced the appointment of Shawn Stone, a longtime financial services executive, as the Company's new Chief Executive Officer and member of the Board. LendingPoint is a financial technology platform that provides financing solutions to a wide range of customers, including lending institutions and consumers. The company's proprietary fraud prevention, risk, and asset management algorithms are used to create financing opportunities across the credit spectrum. Mr. Stone is a senior financial services executive with more than 25 years of experience in online loan origination, loan servicing operations, credit
Mr. Cooper Group Inc. (NASDAQ:COOP) announced today the appointment of two new senior leaders. Ranjit Bhattacharjee will join the executive leadership team on May 6, 2024, as Executive Vice President and Chief Investment Officer, overseeing capital markets and correspondent lending for the company and reporting to Chairman and CEO Jay Bray. Kevin Barker assumed the role of Senior Vice President, Corporate Finance on April 22, 2024, leading the company's business finance teams and reporting to Chief Financial Officer Kurt Johnson. "Ranjit's deep knowledge of capital markets and correspondent lending and Kevin's extensive understanding of the mortgage industry will undoubtedly bring new ide
Mr. Cooper Group Inc. (NASDAQ:COOP) announced today the appointment of Mike Weinbach as President, effective February 1, 2024, with responsibility for leading the Company's operations, including Originations, Servicing and Technology. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240109408504/en/Mike Weinbach, President (Photo: Business Wire) With more than 25 years' experience in the financial services industry, Weinbach has a track record of senior leadership roles across consumer and mortgage banking. Most recently, he served as CEO of Consumer Lending for Wells Fargo and as a member of the firm's Operating Committee, respon