NYSE:FBCFlagstar Bancorp Stock Price, Forecast & News

Flagstar Bancorp's stock was trading at $29.00 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, FBC shares have decreased by 40.3% and is now trading at $17.30. View which stocks have been mosted impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flagstar Bancorp in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Flagstar Bancorp.

Flagstar Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, April 28th 2020. View our earnings forecast for Flagstar Bancorp.

Flagstar Bancorp Inc (NYSE:FBC) released its quarterly earnings results on Tuesday, January, 28th. The savings and loans company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.05. The savings and loans company earned $314 million during the quarter, compared to analyst estimates of $306.93 million. Flagstar Bancorp had a net margin of 15.53% and a return on equity of 11.79%. During the same period last year, the business earned $0.72 earnings per share. View Flagstar Bancorp's earnings history.

Flagstar Bancorp declared a quarterly dividend on Tuesday, January 28th. Investors of record on Monday, March 2nd will be given a dividend of $0.05 per share on Monday, March 16th. This represents a $0.20 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Flagstar Bancorp's previous quarterly dividend of $0.04. View Flagstar Bancorp's dividend history.

Flagstar Bancorp announced that its Board of Directors has authorized a stock buyback plan on Wednesday, January 30th 2019, which allows the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

5 brokers have issued 12 month price objectives for Flagstar Bancorp's shares. Their forecasts range from $27.00 to $42.00. On average, they expect Flagstar Bancorp's stock price to reach $35.75 in the next year. This suggests a possible upside of 106.6% from the stock's current price. View analysts' price targets for Flagstar Bancorp.

Press coverage about FBC stock has been trending very negative on Sunday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Flagstar Bancorp earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave news articles about the savings and loans company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutFlagstar Bancorp.

Flagstar Bancorp saw a drop in short interest in February. As of February 28th, there was short interest totaling 953,400 shares, a drop of 10.1% from the February 13th total of 1,060,000 shares. Based on an average daily volume of 282,500 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.7% of the company's stock are sold short. View Flagstar Bancorp's Current Options Chain.

Some companies that are related to Flagstar Bancorp include TFS Financial (TFSL), Umpqua (UMPQ), BankUnited (BKU), Capitol Federal Financial (CFFN), Columbia Financial (CLBK), Axos Financial (AX), OceanFirst Financial (OCFC), Brookline Bancorp (BRKL), Provident Financial Services (PFS), Kearny Financial (KRNY), Meta Financial Group (CASH), Northfield Bancorp (NFBK), First Defiance Financial (FDEF), Dime Community Bancshares (DCOM) and Waterstone Financial (WSBF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Flagstar Bancorp investors own include InterDigital Wireless (IDCC), Bank of Hawaii (BOH), United Parcel Service (UPS), Stag Industrial (STAG), Cisco Systems (CSCO), Gilead Sciences (Gild), QUALCOMM (QCOM), Bank of America (BAC), Wells Fargo & Co (WFC) and Huntington Bancshares (HBAN).

Flagstar Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "FBC."

Shares of FBC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of FBC stock can currently be purchased for approximately $17.30.

Flagstar Bancorp has a market capitalization of $980.22 million and generates $1.40 billion in revenue each year. The savings and loans company earns $218 million in net income (profit) each year or $3.46 on an earnings per share basis. Flagstar Bancorp employs 4,453 workers across the globe. View additional information about Flagstar Bancorp.

The official website for Flagstar Bancorp is http://www.flagstar.com/.

Flagstar Bancorp's mailing address is 5151 CORPORATE DRIVE, TROY MI, 48098. The savings and loans company can be reached via phone at 248-312-2000 or via email at [email protected]