Sandler O'Neill downgraded Flagstar Bancorp Inc (NYSE:FBC) to Hold in a report released today.
- Updated: September 24, 2016
Just yesterday Flagstar Bancorp Inc (NYSE:FBC) traded -1.11% lower at $28.03. Flagstar Bancorp Inc’s 50-day moving average is $27.71 and its 200-day moving average is $24.47. The last closing price is up 13.30% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 216,018 shares of FBC traded hands, up from an average trading volume of 175,041
Sandler O'Neill has downgraded Flagstar Bancorp Inc (NYSE:FBC) to Hold in a report released on 09/23/2016.
Recent Performance Chart
Flagstar Bancorp Inc has 52 week low of $17.25 and a 52 week high of $28.26 with a PE ratio of 11.85 and has a market capitalization of $0.
In addition to Sandler O'Neill reporting its stock price target, a total of 7 brokers have issued a research note on the company. The average stock price target is $25.93 with 1 broker rating the stock a strong buy, 4 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Flagstar Bancorp Inc (NYSE:FBC)
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 Company operates through three segments: Mortgage Originations, Mortgage Servicing and Community Banking. Through Mortgage Originations segment, it 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. It offers checking accounts, savings accounts, money market accounts, certificates of deposit and others. Other financial services include lines of credit, revolving credit, inventory and accounts receivable.
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