Flagstar Bancorp (FBC) Announces Quarterly Earnings Results, Misses Expectations By $0.13 EPS
Flagstar Bancorp (NYSE:FBC) issued its quarterly earnings data on Wednesday. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.13, AnalystRatings.NET reports. The company had revenue of $42.70 million for the quarter, compared to the consensus estimate of $50.33 million. During the same quarter last year, the company posted $1.36 earnings per share.
On a related note, analysts at Compass Point upgraded shares of Flagstar Bancorp from a “sell” rating to a “neutral” rating in a research note to investors on Friday, July 26th. They now have a $14.50 price target on the stock, up previously from $12.00. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $16.30.
Shares of Flagstar Bancorp (NYSE:FBC) opened at 14.66 on Wednesday. Flagstar Bancorp has a 52-week low of $9.90 and a 52-week high of $20.38. The stock has a 50-day moving average of $15.45 and a 200-day moving average of $14.27. The company has a market cap of $822.3 million and a P/E ratio of 14.54.
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.
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