Raymond James analyst Daniel Tamayo maintained a Buy rating on Flagstar Bancorp (FBC) today. The company’s shares closed last Wednesday at $31.82.
According to TipRanks.com, Tamayo is a 3-star analyst with an average return of 5.7% and a 84.6% success rate. Tamayo covers the Financial sector, focusing on stocks such as First Mid-Illinois Bancshares, First Midwest Bancorp, and Limestone Bancorp.
Currently, the analyst consensus on Flagstar Bancorp is a Strong Buy with an average price target of $39.00.
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The company has a one-year high of $40.00 and a one-year low of $16.76. Currently, Flagstar Bancorp has an average volume of 549.5K.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FBC in relation to earlier this year.
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. The Mortgage Servicing segment comprises financing solutions to properties held-for-investment. The Community Banking segment offers loans, deposits, checking and savings accounts, consumer and commercial loans, treasury management, equipment leasing, and capital markets services. The Other segment consists of interest rate risk management, investment securities portfolios, balance sheet funding, treasury and corporate assets, and equities. The company was founded in 1993 and is headquartered in Troy, MI.
