News coverage about Flagstar Bank (NYSE:FBC) has trended somewhat positive on Friday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Flagstar Bank earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the savings and loans company an impact score of 45.5703352647797 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
Several analysts have recently weighed in on the stock. B. Riley reaffirmed a “buy” rating on shares of Flagstar Bank in a research note on Friday, March 2nd. Wedbush decreased their price target on shares of Flagstar Bank from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, April 12th. ValuEngine downgraded shares of Flagstar Bank from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 13th. Zacks Investment Research downgraded shares of Flagstar Bank from a “hold” rating to a “sell” rating in a research note on Thursday, April 12th. Finally, Boenning Scattergood set a $40.00 price target on shares of Flagstar Bank and gave the company a “buy” rating in a research note on Wednesday, December 27th. Two investment analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $40.29.
Shares of NYSE:FBC opened at $33.34 on Friday. The company has a market capitalization of $1,896.76, a P/E ratio of 13.50 and a beta of 1.21. Flagstar Bank has a 52 week low of $28.33 and a 52 week high of $40.06. The company has a quick ratio of 0.87, a current ratio of 1.38 and a debt-to-equity ratio of 4.40.
Flagstar Bank (NYSE:FBC) last issued its quarterly earnings data on Tuesday, January 23rd. The savings and loans company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $107.00 million during the quarter, compared to the consensus estimate of $103.91 million. Flagstar Bank had a net margin of 6.32% and a return on equity of 10.16%. Flagstar Bank’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. sell-side analysts predict that Flagstar Bank will post 3.14 EPS for the current fiscal year.
In related news, COO Lee Matthew Smith sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $35.96, for a total value of $107,880.00. Following the completion of the transaction, the chief operating officer now owns 72,835 shares of the company’s stock, valued at $2,619,146.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 9,000 shares of company stock valued at $327,510 in the last three months. 63.00% of the stock is currently owned by insiders.
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About Flagstar Bank
Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial, small business, and consumer banking services to individuals and businesses in the United States. Its Community Banking segment offers various products, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer and commercial loans, commercial real estate loans, equipment finance and leasing, home builder finance loans, and warehouse lines of credit.
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