Somewhat Positive News Coverage Somewhat Unlikely to Affect Flagstar Bancorp (FBC) Share Price
Press coverage about Flagstar Bancorp (NYSE:FBC) has trended somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Flagstar Bancorp earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the savings and loans company an impact score of 47.3650239505034 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of brokerages have recently issued reports on FBC. B. Riley reiterated a “buy” rating and set a $42.00 price objective on shares of Flagstar Bancorp in a research note on Wednesday, January 24th. ValuEngine upgraded Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Thursday, October 26th. Boenning Scattergood set a $40.00 price objective on Flagstar Bancorp and gave the stock a “buy” rating in a research note on Wednesday, December 27th. Finally, FBR & Co reiterated a “buy” rating and set a $42.00 price objective (up previously from $35.00) on shares of Flagstar Bancorp in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $39.57.
Flagstar Bancorp (NYSE FBC) opened at $35.18 on Wednesday. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.80 and a current ratio of 1.36. The firm has a market capitalization of $2,020.00, a P/E ratio of 32.57 and a beta of 1.20. Flagstar Bancorp has a 1-year low of $26.31 and a 1-year high of $40.06.
In related news, COO Lee Matthew Smith sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $37.48, for a total transaction of $112,440.00. Following the transaction, the chief operating officer now directly owns 75,835 shares of the company’s stock, valued at approximately $2,842,295.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 63.00% of the stock is currently owned by insiders.
COPYRIGHT VIOLATION WARNING: “Somewhat Positive News Coverage Somewhat Unlikely to Affect Flagstar Bancorp (FBC) Share Price” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2018/02/14/somewhat-positive-news-coverage-somewhat-unlikely-to-affect-flagstar-bancorp-fbc-share-price.html.
About Flagstar Bancorp
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.
Receive News & Ratings for Flagstar Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flagstar Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.