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Wedbush recorded Flagstar Bancorp (NYSE:FBC), boosting its stock price target to $30.00 today

Yesterday Flagstar Bancorp (NYSE:FBC) traded 0.00% even at $27.92. The company’s 50-day moving average is $27.79 and its 200-day moving average is $25.11. The last stock close price is up 11.21% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 75,279 shares of the stock were exchanged, down from an average trading volume of 151,531

Flagstar Bancorp (NYSE:FBC) had its target price raised to $30.00 by Wedbush in a report released Tuesday October 11, 2016. The new target price indicates a possible upside of 0.07% based on the company's last stock close price.

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Flagstar Bancorp (NYSE:FBC)

Flagstar Bancorp has a 52 week low of $17.25 and a 52 week high of $28.54 with a price-earnings ratio of 11.93 Flagstar Bancorp’s market capitalization is presently $0.

A total of 7 brokerages have issued a ratings update on Flagstar Bancorp. One brokerage rating the company a strong buy, four brokerages rating the company a buy, two brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $25.93.

General Company Details For Flagstar Bancorp (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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