Flagstar Bancorp Rating Lowered to Underperform at Zacks (FBC)
Flagstar Bancorp (NYSE:FBC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Thursday, StockRatingsNetwork reports. They currently have a $18.30 price objective on the stock. Zacks‘s target price would suggest a potential downside of 4.94% from the company’s current price.
Flagstar Bancorp (NYSE:FBC) traded down 3.53% during mid-day trading on Thursday, hitting $18.57. 461,214 shares of the company’s stock traded hands. Flagstar Bancorp has a one year low of $12.29 and a one year high of $22.88. The stock’s 50-day moving average is $21.23 and its 200-day moving average is $19.2. The company has a market cap of $1.044 billion and a P/E ratio of 4.41.
Flagstar Bancorp (NYSE:FBC) last announced its earnings results on Tuesday, April 22nd. The company reported ($1.51) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $1.70. On average, analysts predict that Flagstar Bancorp will post $1.44 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on FBC. Analysts at FBR Capital Markets downgraded shares of Flagstar Bancorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday. They now have a $20.00 price target on the stock, down previously from $25.00. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Flagstar Bancorp from $17.00 to $24.00 in a research note on Tuesday, January 28th. Finally, analysts at Compass Point raised their price target on shares of Flagstar Bancorp from $23.00 to $24.00 in a research note on Monday, January 27th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.58.
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.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.