Flagstar Bancorp Inc (FBC) Given Average Rating of “Buy” by Analysts
Flagstar Bancorp Inc (NYSE:FBC) has been given an average rating of “Buy” by the eleven research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $39.57.
A number of equities analysts recently commented on FBC shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $40.00 target price on shares of Flagstar Bancorp in a research report on Thursday, October 19th. B. Riley reiterated a “buy” rating and issued a $42.00 target price on shares of Flagstar Bancorp in a research report on Tuesday, November 14th. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Tuesday, September 26th. Boenning Scattergood reiterated a “buy” rating on shares of Flagstar Bancorp in a research report on Thursday, October 26th. Finally, FBR & Co reiterated a “buy” rating and issued a $42.00 target price (up previously from $35.00) on shares of Flagstar Bancorp in a research report on Wednesday, October 25th.
In other Flagstar Bancorp news, COO Lee Matthew Smith sold 3,000 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $36.60, for a total value of $109,800.00. Following the transaction, the chief operating officer now owns 70,254 shares in the company, valued at $2,571,296.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 63.00% of the stock is currently owned by insiders.
Flagstar Bancorp (FBC) traded down $0.47 during midday trading on Friday, hitting $38.77. 116,895 shares of the stock were exchanged, compared to its average volume of 193,337. Flagstar Bancorp has a 52 week low of $25.06 and a 52 week high of $39.36. The company has a debt-to-equity ratio of 4.04, a current ratio of 1.36 and a quick ratio of 0.80. The company has a market cap of $2,230.00, a P/E ratio of 16.50 and a beta of 1.05.
Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings data on Tuesday, October 24th. The savings and loans company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.77%. The company had revenue of $103.00 million during the quarter, compared to the consensus estimate of $100.80 million. During the same period in the previous year, the firm posted $0.96 EPS. The firm’s revenue was up 28.8% compared to the same quarter last year. sell-side analysts predict that Flagstar Bancorp will post 2.4 earnings per share for the current fiscal year.
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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