Flagstar Bancorp Lowered to Sell at BTIG Research (FBC)
Flagstar Bancorp (NYSE:FBC) was downgraded by research analysts at BTIG Research from a “neutral” rating to a “sell” rating in a report released on Wednesday, TheFlyOnTheWall.com reports. They currently have a $15.00 target price on the stock. BTIG Research’s price objective would suggest a potential downside of 18.88% from the company’s current price.
Shares of Flagstar Bancorp (NYSE:FBC) opened at 18.49 on Wednesday. Flagstar Bancorp has a 52 week low of $13.71 and a 52 week high of $22.88. The stock’s 50-day moving average is $18.11 and its 200-day moving average is $19.08. The company has a market cap of $1.040 billion and a P/E ratio of 10.29.
Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.12. During the same quarter in the previous year, the company posted $1.10 earnings per share. Analysts expect that Flagstar Bancorp will post $-0.66 EPS 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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