Flagstar Bancorp, Inc. (FBC) Posts Earnings Results
Flagstar Bancorp, Inc. (NYSE:FBC) posted its earnings results on Tuesday. The savings and loans company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01, MarketWatch Earnings reports. Flagstar Bancorp had a return on equity of 10.15% and a net margin of 16.52%. The firm had revenue of $103.00 million for the quarter, compared to the consensus estimate of $100.80 million. During the same quarter in the prior year, the business earned $0.96 EPS. The business’s revenue for the quarter was up 28.8% on a year-over-year basis.
Flagstar Bancorp (FBC) opened at 36.55 on Wednesday. The company has a market capitalization of $2.09 billion, a PE ratio of 14.01 and a beta of 0.83. Flagstar Bancorp has a 52-week low of $25.06 and a 52-week high of $36.98. The company has a 50-day moving average price of $34.74 and a 200 day moving average price of $31.58.
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FBC has been the topic of a number of analyst reports. Raymond James Financial, Inc. initiated coverage on Flagstar Bancorp in a research report on Thursday, August 31st. They issued an “outperform” rating and a $36.00 price target on the stock. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Thursday, September 7th. Piper Jaffray Companies reissued a “buy” rating and issued a $35.00 price target on shares of Flagstar Bancorp in a research report on Monday, August 28th. ValuEngine raised Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, FBR & Co reissued an “outperform” rating and issued a $35.00 price target (up from $32.00) on shares of Flagstar Bancorp in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $36.80.
About Flagstar Bancorp
Flagstar Bancorp, Inc is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB. It operates through four segments: Community Banking, Mortgage Originations, Mortgage Servicing, and Other. Through Mortgage Originations segment, it originates, acquires and sells one- to four-family residential mortgage loans.
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