Media coverage about Flagstar Bancorp (NYSE:FBC) has been trending somewhat positive on Thursday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Flagstar Bancorp earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news stories about the savings and loans company an impact score of 45.0596913769673 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of equities research analysts have recently weighed in on FBC shares. Piper Jaffray Companies reissued a “buy” rating and set a $35.00 price objective on shares of Flagstar Bancorp in a research report on Friday, October 6th. B. Riley reissued a “buy” rating and set a $42.00 price objective on shares of Flagstar Bancorp in a research report on Tuesday, November 14th. FBR & Co reaffirmed a “buy” rating and issued a $42.00 target price (up previously from $35.00) on shares of Flagstar Bancorp in a report on Wednesday, October 25th. Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Wednesday, August 23rd. Finally, Boenning Scattergood set a $40.00 target price on shares of Flagstar Bancorp and gave the company a “buy” rating in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $39.57.
Shares of Flagstar Bancorp (NYSE FBC) traded up $0.17 on Thursday, reaching $37.75. 118,704 shares of the company’s stock were exchanged, compared to its average volume of 182,967. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 4.04. The firm has a market capitalization of $2,160.00, a PE ratio of 16.06 and a beta of 1.05. Flagstar Bancorp has a one year low of $25.06 and a one year high of $38.79.
Flagstar Bancorp (NYSE:FBC) last announced its earnings results 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. The company had revenue of $103.00 million during the quarter, compared to analysts’ expectations of $100.80 million. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.77%. The firm’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.96 earnings per share. research analysts predict that Flagstar Bancorp will post 2.37 earnings per share for the current fiscal year.
In other news, COO Lee Matthew Smith sold 3,000 shares of the business’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 value of $109,800.00. Following the completion of the transaction, the chief operating officer now owns 70,254 shares of the company’s stock, valued at $2,571,296.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 63.00% of the company’s stock.
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Flagstar Bancorp Company Profile
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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