Flagstar Bancorp Inc (FBC) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 30 from a previous price target of $28 . FBR Capital advised their investors in a research report released on Jul 27, 2016.
Many Wall Street Analysts have commented on Flagstar Bancorp Inc. Flagstar Bancorp Inc was Downgraded by Piper Jaffray to ” Neutral” on Jul 27, 2016. Flagstar Bancorp Inc was Downgraded by Keefe Bruyette to ” Mkt Perform” on Jul 27, 2016. Flagstar Bancorp Inc was Upgraded by Keefe Bruyette to ” Outperform” on Jun 28, 2016.
On the company’s financial health, Flagstar Bancorp Inc reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.57.Analysts expectations of $ 79.98.During the same quarter in the previous year, the company posted $0.68 EPS.
Flagstar Bancorp Inc opened for trading at $26.17 and hit $26.5 on the upside on Thursday, eventually ending the session at $26.39, with a gain of 0.34% or 0.09 points. The heightened volatility saw the trading volume jump to 1,62,076 shares. Company has a market cap of $1,493 M.
In a different news, on Feb 2, 2016, Stephen V Figliuolo (EVP and Chief Risk Officer) purchased 500 shares at $18.64 per share price. According to the SEC, on Jan 27, 2016, Patrick M Mcguirk (EVP and Gen Counsel) purchased 3,000 shares at $17.55 per share price. On Jan 27, 2016, James Ciroli (EVP and Chief Financ Officer) purchased 2,000 shares at $17.50 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Bank) a stock savings bank. The Company offers checking accounts savings accounts money market accounts certificates of deposit other services consumer loans commercial loans and warehouse lines of credit. The Company operates through segments including Mortgage Originations Mortgage Servicing and Community Banking. The Mortgage Originations segment originates acquires and sells one-to-four family residential mortgage loans. The Mortgage Servicing segment services and subservices mortgage loans on a fee basis for others. The Community Banking segment originates loans provides deposits and fee based services to consumer business and mortgage lending customers through its Branch Banking Business and Commercial Banking Government Banking Warehouse Lending and Held-for-Investment Portfolio groups.