Flagstar Bancorp Inc (FBC) is Initiated by Wedbush to Neutral, Price Target at $30

Flagstar Bancorp Inc (FBC) was Initiated by Wedbush to “Neutral” and the brokerage firm has set the Price Target at $30. Wedbush advised their investors in a research report released on Oct 11, 2016.

Many Wall Street Analysts have commented on Flagstar Bancorp Inc. Company shares were Reiterated by FBR Capital on Jul 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 30 from a previous price target of $28 .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.

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 closed down -0.31 points or -1.10% at $27.85 with 95,794 shares getting traded on Friday. Post opening the session at $28.13, the shares hit an intraday low of $27.74 and an intraday high of $28.13 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jul 27, 2016, Patrick M Mcguirk (EVP and Gen Counsel) purchased 320 shares at $25.80 per share price. According to the SEC, on Jul 27, 2016, Stephen V Figliuolo (EVP and Chief Risk Officer) purchased 500 shares at $25.81 per share price. On Jul 27, 2016, James Ciroli (EVP and Chief Financ Officer) purchased 1,000 shares at $25.73 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.

Flagstar Bancorp Inc

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