Weekly Analysts’ Ratings Updates for Flagstar Bancorp (FBC)
A number of research firms have changed their ratings and price targets for Flagstar Bancorp (NYSE: FBC):
- 10/12/2016 – Flagstar Bancorp had its “market perform” rating reaffirmed by analysts at Keefe, Bruyette & Woods.
- 10/10/2016 – Flagstar Bancorp is now covered by analysts at Wedbush. They set a “neutral” rating and a $30.00 price target on the stock.
- 9/27/2016 – Flagstar Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Flagstar Bancorp, Inc. is the holding company for Flagstar Bank, FSB, a federally chartered stock savings bank. Through its retail banking centers and e-commerce distribution channels, Flagstar attracts deposits from the general public. The institution utilizes these deposits, along with other funds garnered from the secondary market, to originate or acquire loans on a nationwide basis. “
- 9/23/2016 – Flagstar Bancorp was downgraded by analysts at Sandler O’Neill from a “buy” rating to a “hold” rating.
Shares of Flagstar Bancorp Inc. (NYSE:FBC) traded down 1.81% during mid-day trading on Thursday, hitting $27.13. The stock had a trading volume of 59,725 shares. Flagstar Bancorp Inc. has a one year low of $17.25 and a one year high of $28.54. The firm’s 50 day moving average price is $27.77 and its 200-day moving average price is $25.14. The company has a market cap of $1.53 billion, a PE ratio of 11.59 and a beta of 2.10.
Flagstar Bancorp (NYSE:FBC) last announced its earnings results on Tuesday, July 26th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.10. Flagstar Bancorp had a net margin of 19.67% and a return on equity of 12.96%. During the same quarter in the prior year, the company posted $0.68 EPS. On average, equities research analysts anticipate that Flagstar Bancorp Inc. will post $2.29 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. The Company operates through three segments: Mortgage Originations, Mortgage Servicing and Community Banking. Through Mortgage Originations segment, it originates, acquires and sells one- to four-family residential mortgage loans.
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