Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Flagstar Bancorp (FBC) Stock Price
News stories about Flagstar Bancorp (NYSE:FBC) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Flagstar Bancorp earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the savings and loans company an impact score of 44.7315499638634 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
FBC has been the topic of several analyst reports. Compass Point upgraded Flagstar Bancorp from a “neutral” rating to a “buy” rating in a research note on Monday, May 14th. B. Riley increased their price objective on Flagstar Bancorp from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Sandler O’Neill reiterated a “buy” rating and issued a $41.00 price objective on shares of Flagstar Bancorp in a research note on Thursday, July 26th. Boenning Scattergood reiterated a “buy” rating and issued a $41.00 price objective on shares of Flagstar Bancorp in a research note on Wednesday, June 6th. Finally, ValuEngine cut Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, June 11th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Flagstar Bancorp has a consensus rating of “Buy” and an average target price of $41.57.
Flagstar Bancorp stock traded down $0.10 during midday trading on Friday, reaching $33.27. The company’s stock had a trading volume of 780 shares, compared to its average volume of 125,197. Flagstar Bancorp has a fifty-two week low of $31.76 and a fifty-two week high of $40.06. The company has a debt-to-equity ratio of 3.81, a current ratio of 1.29 and a quick ratio of 0.86. The stock has a market cap of $1.94 billion, a PE ratio of 13.44 and a beta of 0.98.
In other Flagstar Bancorp news, Director Peter Schoels sold 8,000,000 shares of the firm’s stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $33.82, for a total value of $270,560,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Lee Matthew Smith sold 3,000 shares of the firm’s stock in a transaction on Tuesday, July 24th. The shares were sold at an average price of $34.63, for a total value of $103,890.00. Following the completion of the sale, the chief operating officer now owns 99,330 shares in the company, valued at $3,439,797.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,009,000 shares of company stock worth $270,869,960. 62.90% of the stock is owned by insiders.
About Flagstar Bancorp
Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial, small business, and consumer banking services to individuals and businesses in the United States. Its Community Banking segment offers various products, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer and commercial loans, commercial real estate loans, equipment finance and leasing, home builder finance loans, and warehouse lines of credit.
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