Flagstar Bancorp Inc. (FBC) Sets New 12-Month High at $28.21
Flagstar Bancorp Inc. (NYSE:FBC)’s share price reached a new 52-week high on Thursday . The company traded as high as $28.21 and last traded at $27.85, with a volume of 32,450 shares changing hands. The stock had previously closed at $28.08.
A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods cut shares of Flagstar Bancorp from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $26.00 to $27.50 in a research report on Wednesday, July 27th. FBR & Co upped their target price on shares of Flagstar Bancorp from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research note on Wednesday, June 29th. Compass Point upped their target price on shares of Flagstar Bancorp from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 5th. Finally, Piper Jaffray Cos. lowered shares of Flagstar Bancorp from an “overweight” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research note on Wednesday, July 27th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.06.
The firm has a 50 day moving average of $27.07 and a 200-day moving average of $23.58. The firm has a market cap of $1.57 billion and a PE ratio of 11.83.
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.10. During the same quarter in the prior year, the company posted $0.68 EPS. Equities research analysts expect that Flagstar Bancorp Inc. will post $2.29 EPS for the current year.
Flagstar Bancorp, Inc is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB. The Company operates through three segments: Mortgage Originations, Mortgage Servicing and Community Banking. Through Mortgage Originations segment, it originates, acquires and sells one- to four-family residential mortgage loans.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.