Flagstar Bancorp PT Raised to $23.00 (FBC)
Investment analysts at FBR Capital Markets hoisted their price target on shares of Flagstar Bancorp (NYSE:FBC) from $20.00 to $23.00 in a note issued to investors on Thursday, Analyst Ratings.Net 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 stock’s previous close.
Flagstar Bancorp (NYSE:FBC) opened at 16.70 on Thursday. Flagstar Bancorp has a 1-year low of $9.90 and a 1-year 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 $936.7 million and a price-to-earnings ratio of 15.97.
Flagstar Bancorp (NYSE:FBC) last announced its earnings results on Wednesday, October 23rd. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.13. 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 average, analysts predict that Flagstar Bancorp will post $2.11 earnings per share for the current fiscal year.
Separately, 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $16.90.
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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