Flagstar Bancorp Inc (NYSE:FBC) has been assigned an average rating of “Buy” from the eleven research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $39.57.
A number of analysts recently weighed in on the stock. B. Riley reissued a “buy” rating and issued a $42.00 price objective on shares of Flagstar Bancorp in a research report on Tuesday, November 14th. Boenning Scattergood set a $40.00 price objective on shares of Flagstar Bancorp and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Thursday, October 26th. FBR & Co reissued a “buy” rating and issued a $42.00 price objective (up from $35.00) on shares of Flagstar Bancorp in a research report on Wednesday, October 25th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $40.00 price objective on shares of Flagstar Bancorp in a research report on Thursday, October 19th.
In other news, COO Lee Matthew Smith sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $36.60, for a total transaction of $109,800.00. Following the transaction, the chief operating officer now directly owns 70,254 shares of the company’s stock, valued at $2,571,296.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 63.00% of the company’s stock.
Shares of Flagstar Bancorp (NYSE:FBC) traded up $0.33 during trading on Monday, reaching $37.97. 95,677 shares of the company traded hands, compared to its average volume of 148,979. The company has a market cap of $2,190.00, a P/E ratio of 16.16 and a beta of 1.05. The company has a debt-to-equity ratio of 4.04, a current ratio of 1.36 and a quick ratio of 0.80. Flagstar Bancorp has a one year low of $25.06 and a one year high of $38.79.
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings data on Tuesday, October 24th. The savings and loans company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.77%. The business had revenue of $103.00 million during the quarter, compared to the consensus estimate of $100.80 million. During the same quarter in the prior year, the firm earned $0.96 EPS. The business’s revenue was up 28.8% on a year-over-year basis. analysts anticipate that Flagstar Bancorp will post 2.36 earnings per share for the current fiscal year.
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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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