Flagstar Bancorp Gets a Buy Rating from Piper Jaffray

By Ryan Adsit

In a report released yesterday, Kevin Barker from Piper Jaffray reiterated a Buy rating on Flagstar Bancorp (NYSE: FBC), with a price target of $35. The company’s shares closed on Friday at $32.01.

According to TipRanks.com, Barker is a 5-star analyst with an average return of 9.4% and a 69.4% success rate. Barker covers the Financial sector, focusing on stocks such as Altisource Portfolio Solutions SA, Huntington Bancshares Inc, and Cathay General Bancorp.

Flagstar Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $33.50.

Flagstar Bancorp’s market cap is currently $1.83B and has a P/E ratio of 12.29. The company has a book value ratio of 1.2995.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FBC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.