Flagstar Bancorp Inc. (FBC) Reaches New 12-Month High at $28.21
Flagstar Bancorp Inc. (NYSE:FBC) shares reached a new 52-week high on Thursday . The stock traded as high as $28.21 and last traded at $27.85, with a volume of 32,450 shares traded. The stock had previously closed at $28.08.
A number of research firms have commented on FBC. FBR & Co increased their price objective on shares of Flagstar Bancorp from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Keefe, Bruyette & Woods upgraded shares of Flagstar Bancorp from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a report on Tuesday, June 28th. Zacks Investment Research downgraded shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Finally, Piper Jaffray Cos. downgraded shares of Flagstar Bancorp from an “overweight” rating to a “neutral” rating and set a $27.00 price objective for the company. in a report on Wednesday, July 27th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $26.06.
The stock has a 50 day moving average price of $27.16 and a 200 day moving average price of $23.64. The stock has a market capitalization of $1.58 billion and a price-to-earnings ratio of 11.97.
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.10. During the same quarter in the previous year, the company posted $0.68 EPS. Analysts forecast that Flagstar Bancorp Inc. will post $2.29 earnings per share for the current fiscal 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.
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