Headlines about Flagstar Bancorp (NYSE:FBC) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Flagstar Bancorp earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news headlines about the savings and loans company an impact score of 46.0207316175501 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have impacted Accern’s rankings:
Several analysts have issued reports on the company. B. Riley restated a “buy” rating on shares of Flagstar Bancorp in a research note on Wednesday, November 1st. Piper Jaffray Companies restated a “buy” rating and issued a $35.00 target price on shares of Flagstar Bancorp in a research note on Friday, October 6th. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Tuesday, September 26th. ValuEngine lowered Flagstar Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Boenning Scattergood set a $40.00 target price on Flagstar Bancorp and gave the company a “buy” rating in a research note on Wednesday, December 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Flagstar Bancorp currently has an average rating of “Buy” and a consensus target price of $39.57.
Flagstar Bancorp (FBC) traded down $0.49 during trading hours on Tuesday, hitting $38.75. The company had a trading volume of 231,400 shares, compared to its average volume of 197,567. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.80 and a current ratio of 1.36. Flagstar Bancorp has a 12 month low of $25.06 and a 12 month high of $39.50. The company has a market cap of $2,200.00, a price-to-earnings ratio of 16.49 and a beta of 1.05.
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings data on Tuesday, October 24th. The savings and loans company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Flagstar Bancorp had a return on equity of 9.77% and a net margin of 14.56%. The company had revenue of $103.00 million for the quarter, compared to analyst estimates of $100.80 million. During the same period in the previous year, the company posted $0.96 EPS. The firm’s revenue for the quarter was up 28.8% compared to the same quarter last year. sell-side analysts predict that Flagstar Bancorp will post 2.41 EPS for the current fiscal year.
In related news, COO Lee Matthew Smith sold 3,000 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $36.60, for a total transaction of $109,800.00. Following the sale, the chief operating officer now directly owns 70,254 shares in the company, valued at approximately $2,571,296.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 63.00% of the company’s stock.
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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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