KBW Reiterates a Hold Rating on Flagstar Bancorp

By Jason Carr

KBW analyst Frederick Cannon reiterated a Hold rating on Flagstar Bancorp (NYSE: FBC) yesterday and set a price target of $30. The company’s shares closed yesterday at $28.46.

According to TipRanks.com, Cannon is a 4-star analyst with an average return of 13.3% and a 60.8% success rate. Cannon covers the Financial sector, focusing on stocks such as Pacific Premier Bancorp Inc, Pinnacle Financial Partners, and Pacific Mercantile Bancorp.

Flagstar Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $31.

Flagstar Bancorp’s market cap is currently $1.57B and has a P/E ratio of 10.74. The company has a book value ratio of 1.2105.

Based on the recent corporate insider activity of 22 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. Last month, Alessandro Dinello, the CEO & President of FBC sold 1,052 shares for a total of $26,912.

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. The Mortgage Servicing segment offers 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.