Media stories about Flagstar Bancorp (NYSE:FBC) have trended somewhat positive this week, Accern reports. Accern identifies positive and negative news 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 media sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the savings and loans company an impact score of 46.6355404913815 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several equities research analysts have recently commented on the stock. B. Riley reiterated a “buy” rating and set a $42.00 price target on shares of Flagstar Bancorp in a research report on Wednesday, December 27th. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Thursday, October 26th. Boenning Scattergood set a $40.00 price target on shares of Flagstar Bancorp and gave the stock a “buy” rating in a research report on Wednesday, December 27th. ValuEngine upgraded shares of Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, FBR & Co reiterated a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Flagstar Bancorp in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Flagstar Bancorp currently has a consensus rating of “Buy” and an average target price of $39.57.
Shares of Flagstar Bancorp (FBC) traded down $0.16 during midday trading on Monday, reaching $38.98. 305,249 shares of the company were exchanged, compared to its average volume of 186,664. The firm has a market capitalization of $2,230.00, a PE ratio of 16.59 and a beta of 1.05. 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 52-week low of $25.06 and a 52-week high of $39.50.
Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings data on Tuesday, October 24th. The savings and loans company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.01. The firm had revenue of $103.00 million during the quarter, compared to analysts’ expectations of $100.80 million. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.77%. The business’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 earnings per share. analysts forecast that Flagstar Bancorp will post 2.41 EPS for the current year.
In related news, COO Lee Matthew Smith sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $36.60, for a total transaction of $109,800.00. Following the completion of the transaction, the chief operating officer now owns 70,254 shares in the company, valued at $2,571,296.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 63.00% of the stock is currently owned by insiders.
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Flagstar Bancorp Company Profile
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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