B.Riley FBR analyst Steve Moss maintained a Buy rating on Flagstar Bancorp (NYSE:FBC) on Friday, setting a price target of $41, which is approximately 43.01% above the present share price of $28.67.
Moss expects Flagstar Bancorp to post earnings per share (EPS) of $2.04 for the third quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in Flagstar Bancorp, with an average price target of $39.
The analysts price targets range from a high of $41 to a low of $37.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $460 million and a net profit of $0. The company's market cap is $1.75 billion.
According to TipRanks.com, B.Riley FBR analyst Steve Moss is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -6.0% and a 38.17% success rate.
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.