Flagstar Bancorp (FBC) Releases Quarterly Earnings Results
Flagstar Bancorp (NYSE:FBC) announced its earnings results on Thursday. The company reported $2.77 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $2.60, AmericanBankingNews.com reports. During the same quarter last year, the company posted $1.12 earnings per share.
FBC has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Flagstar Bancorp from an “outperform” rating to an “underperform” rating in a research note to investors on Wednesday. They now have a $19.30 price target on the stock. On a related note, analysts at Compass Point raised their price target on shares of Flagstar Bancorp to $23.00 in a research note to investors on Tuesday, January 7th. They now have a “focus list” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $20.58.
Flagstar Bancorp (NYSE:FBC) opened at 20.29 on Thursday. Flagstar Bancorp has a 1-year low of $12.29 and a 1-year high of $20.82. The stock’s 50-day moving average is $18.95 and its 200-day moving average is $16.50. The company’s market cap is $1.139 billion.
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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