Flagstar Bancorp Inc (NYSE:FBC) has received an average rating of “Buy” from the ten analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $41.67.
A number of equities analysts have commented on FBC shares. Boenning Scattergood reaffirmed a “buy” rating on shares of Flagstar Bancorp in a report on Wednesday, October 24th. B. Riley set a $44.00 price objective on shares of Flagstar Bancorp and gave the stock a “buy” rating in a report on Friday, October 12th. TheStreet downgraded shares of Flagstar Bancorp from a “b” rating to a “c+” rating in a report on Friday, November 9th. Zacks Investment Research raised shares of Flagstar Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 25th. Finally, ValuEngine downgraded shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, November 1st.
In other Flagstar Bancorp news, COO Lee Matthew Smith sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $31.43, for a total value of $94,290.00. Following the sale, the chief operating officer now directly owns 90,630 shares in the company, valued at $2,848,500.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Alessandro Dinello bought 1,000 shares of the business’s stock in a transaction on Wednesday, October 24th. The stock was bought at an average price of $29.08 per share, for a total transaction of $29,080.00. Following the completion of the purchase, the chief executive officer now directly owns 191,359 shares of the company’s stock, valued at approximately $5,564,719.72. The disclosure for this purchase can be found here. Insiders own 62.90% of the company’s stock.
Shares of FBC stock traded down $0.38 during mid-day trading on Monday, reaching $30.15. 331,996 shares of the company were exchanged, compared to its average volume of 233,129. The company has a market capitalization of $1.76 billion, a P/E ratio of 12.21 and a beta of 0.85. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 3.28. Flagstar Bancorp has a fifty-two week low of $28.18 and a fifty-two week high of $40.06.
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings data on Tuesday, October 23rd. The savings and loans company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The firm had revenue of $231.00 million during the quarter, compared to the consensus estimate of $242.20 million. Flagstar Bancorp had a net margin of 7.89% and a return on equity of 11.62%. During the same quarter in the previous year, the company posted $0.70 earnings per share. On average, research analysts predict that Flagstar Bancorp will post 3.01 EPS for the current year.
About Flagstar Bancorp
Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial, small business, and consumer banking services to individuals and businesses in the United States. Its Community Banking segment offers various products, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer and commercial loans, commercial real estate loans, equipment finance and leasing, home builder finance loans, and warehouse lines of credit.
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