Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Flagstar Bancorp (FBC) Stock Price
News headlines about Flagstar Bancorp (NYSE:FBC) have been trending somewhat positive recently, according to AlphaOne Sentiment Analysis. AlphaOne, a service of Accern, identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Flagstar Bancorp earned a media sentiment score of 0.20 on AlphaOne’s scale. AlphaOne also gave media coverage about the savings and loans company an impact score of 46 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Alpha One Sentiment’s rankings:
- Zacks Investment Research Upgrades Flagstar Bancorp Inc (FBC) to Hold (americanbankingnews.com)
- Zacks Investment Research Lowers Flagstar Bancorp Inc (FBC) to Sell (americanbankingnews.com)
- Flagstar Bancorp (FBC) Getting Positive News Coverage, Study Finds (americanbankingnews.com)
- Flagstar Bancorp, Inc. breached its 50 day moving average in a Bearish Manner : FBC-US : April 14, 2017 (finance.yahoo.com)
- Q4 2017 Earnings Forecast for Flagstar Bancorp Inc Issued By Wedbush (FBC) (americanbankingnews.com)
Several equities research analysts recently commented on the company. Zacks Investment Research cut Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Stephens assumed coverage on Flagstar Bancorp in a research note on Thursday, March 23rd. They issued an “equal weight” rating for the company. FBR & Co reissued a “buy” rating on shares of Flagstar Bancorp in a research note on Tuesday, February 7th. Finally, Piper Jaffray Companies raised Flagstar Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 price target for the company in a research note on Monday, February 13th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Flagstar Bancorp has a consensus rating of “Hold” and an average target price of $28.71.
Shares of Flagstar Bancorp (NYSE:FBC) traded up 1.17% during midday trading on Tuesday, hitting $28.46. The company had a trading volume of 212,301 shares. Flagstar Bancorp has a 12-month low of $21.78 and a 12-month high of $29.64. The firm’s 50-day moving average is $27.91 and its 200-day moving average is $27.43. The firm has a market capitalization of $1.62 billion, a P/E ratio of 10.70 and a beta of 1.10.
Flagstar Bancorp (NYSE:FBC) last released its earnings results on Tuesday, January 24th. The savings and loans company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.55 by $0.06. Flagstar Bancorp had a net margin of 18.92% and a return on equity of 11.90%. The company earned $87 million during the quarter, compared to analyst estimates of $80.87 million. During the same period in the previous year, the company posted $0.44 EPS. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, analysts predict that Flagstar Bancorp will post $2.20 earnings per share for the current fiscal year.
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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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