Boenning & Scattergood analyst Scott Beury maintained a Buy rating on Flagstar Bancorp (NYSE: FBC) today. The company’s shares opened today at $29.56, close to its 52-week low of $28.18.
According to TipRanks.com, Beury is a 2-star analyst with an average return of 0.9% and a 48.5% success rate. Beury covers the Financial sector, focusing on stocks such as Farmers & Merchants Bancorp, Inc., Old National Bancorp Capital, and Independent Bank Corporation.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Flagstar Bancorp with a $41.67 average price target, which is a 41.0% upside from current levels. In a report issued on October 12, B.Riley FBR also maintained a Buy rating on the stock with a $44 price target.
.
See today’s analyst top recommended stocks >>
Based on Flagstar Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $290 million and net profit of $48 million. In comparison, last year the company earned revenue of $275 million and had a net profit of $40 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Flagstar Bancorp, Inc. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Mortgage Originations, Mortgage Servicing, Community Banking, and Other. The Mortgage Originations segment acquires and markets residential mortgage loans.
