Flagstar Bancorp Hits New 52-Week High at $21.63 (FBC)
Shares of Flagstar Bancorp (NYSE:FBC) hit a new 52-week high during mid-day trading on Thursday, ARN reports. The stock traded as high as $21.63 and last traded at $20.81, with a volume of 1,103,256 shares trading hands. The stock had previously closed at $20.29.
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. Separately, 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 investment 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 company currently has an average rating of “Buy” and an average price target of $20.58.
Flagstar Bancorp has a 52-week low of $12.29 and a 52-week high of $20.82. The stock has a 50-day moving average of $18.95 and a 200-day moving average of $16.50. The company’s market cap is $1.166 billion.
Flagstar Bancorp (NYSE:FBC) last announced its earnings results on Thursday, January 23rd. The company reported $2.77 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $2.60. During the same quarter last year, the company posted $1.12 earnings per share. On average, analysts predict that Flagstar Bancorp will post $1.79 earnings per share for the current fiscal year.
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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