BTIG Maintains Buy On Flagstar Bancorp Inc Ahead of Q1:15 Results
BTIG analyst Mark Palmer came out with a few insights on Flagstar Bancorp Inc (NYSE:FBC), as the company is scheduled to report its first-quarter earnings results on April 28, before the market open. The analyst rates the stock a Neutral, without providing a price target.
Palmer wrote, “Flagstar Bancorp has much to highlight from management’s focused efforts during the past few years to put the company on the right footing for the future. The company has done away with most of its representation and warranty (R&W) liabilities, its improved asset quality reflects management’s efforts to clean up non-performing loans, its non-interest expenses have been reduced dramatically, and its capital ratios are among the strongest in the regional bank space. Moreover, two of the company’s three business segments ‒ Mortgage Servicing and Community Banking ‒ are growing and performing well.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Mark Palmer has a total average return of 2.3% and a 55.9% success rate. Palmer has a 16.8% average return when recommending FBC, and is ranked #1482 out of 3575 analysts.