Flagstar Bancorp PT Raised to $23.00 at Compass Point (FBC)
Research analysts at Compass Point upped their price target on shares of Flagstar Bancorp (NYSE:FBC) to $23.00 in a report released on Tuesday, American Banking and Market News reports. The firm currently has a “focus list” rating on the stock. Compass Point’s price objective indicates a potential upside of 16.57% from the stock’s previous close.
Shares of Flagstar Bancorp (NYSE:FBC) traded up 0.63% on Tuesday, hitting $19.855. 77,041 shares of the company’s stock traded hands. Flagstar Bancorp has a 1-year low of $12.29 and a 1-year high of $19.88. The stock’s 50-day moving average is $18.19 and its 200-day moving average is $16.03. The company’s market cap is $1.114 billion.
Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.16 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $1.36 earnings per share. Analysts expect that Flagstar Bancorp will post $1.98 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Flagstar Bancorp from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, December 24th. They now have a $19.70 price target on the stock. Separately, analysts at Sandler O’Neill initiated coverage on shares of Flagstar Bancorp in a research note to investors on Monday, December 23rd. They set a “buy” rating on the stock. Finally, analysts at BTIG Research downgraded shares of Flagstar Bancorp from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $20.68.
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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