B.Riley FBR analyst Steve Moss maintained a Buy rating on Flagstar Bancorp (FBC) today and set a price target of $42.00. The company’s shares closed last Monday at $37.33, close to its 52-week high of $38.16.
According to TipRanks.com, Moss is a 2-star analyst with an average return of -0.1% and a 45.0% success rate. Moss covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Seacoast Banking Corporation Of Florida, and Bridgewater Bancshares Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Flagstar Bancorp with a $38.00 average price target.
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Based on Flagstar Bancorp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $344 million and net profit of $61 million. In comparison, last year the company earned revenue of $279 million and had a net profit of $48 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.
