Compass Point analyst Jesus Bueno upgraded Flagstar Bancorp (NYSE: FBC) to Buy today. The company’s shares closed on Friday at $34.24.
According to TipRanks.com, Bueno is ranked #586 out of 4801 analysts.
Flagstar Bancorp has an analyst consensus of Strong Buy, with a price target consensus of $41.10.
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Based on Flagstar Bancorp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $268 million and net profit of $35 million. In comparison, last year the company earned revenue of $253 million and had a net profit of $27 million.
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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.
