PiperJaffray Upgrades Flagstar Bancorp Inc to Overweight

Brokerage firm PiperJaffray Upgrades its rating on Flagstar Bancorp Inc(FBC). The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at PiperJaffray was issued on Feb 13, 2017 in a research report to their Investors and Clients.

Flagstar Bancorp Inc (FBC) shares turned negative on Wednesdays trading session with the shares closing down -0.23 points or -0.81% at a volume of 1,89,274. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.315. The peak price level was also seen at $28.315 while the days lowest was $27.91. Finally the shares closed at $28.17. The 52-week high of the shares is $29.64 while the 52-week low is $18.99. According to the latest information available, the market cap of the company is $1,601 M.

Flagstar Bancorp Inc(FBC) last announced its earnings results on Jan 24, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $87.000M. Analysts had an estimated revenue of $80.870M. Earnings per share were $0.49. Analysts had estimated an EPS of $0.53.

Several Insider Transactions has been reported to the SEC. On Jul 27, 2016, Patrick M Mcguirk (EVP and Gen Counsel) purchased 320 shares at $25.80 per share price.Also, On Jul 27, 2016, Stephen V Figliuolo (EVP and Chief Risk Officer) purchased 500 shares at $25.81 per share price.On Jul 27, 2016, James Ciroli (EVP and Chief Financ Officer) purchased 1,000 shares at $25.73 per share price, according to the Form-4 filing with the securities and exchange commission.

Flagstar Bancorp Inc. is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary Flagstar Bank FSB (the Bank) a stock savings bank. The Company offers checking accounts savings accounts money market accounts certificates of deposit other services consumer loans commercial loans and warehouse lines of credit. The Company operates through segments including Mortgage Originations Mortgage Servicing and Community Banking. The Mortgage Originations segment originates acquires and sells one-to-four family residential mortgage loans. The Mortgage Servicing segment services and subservices mortgage loans on a fee basis for others. The Community Banking segment originates loans provides deposits and fee based services to consumer business and mortgage lending customers through its Branch Banking Business and Commercial Banking Government Banking Warehouse Lending and Held-for-Investment Portfolio groups.

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