Raymond James Remains a Buy on Flagstar Bancorp (FBC)

By Ryan Adsit

Raymond James analyst David Long maintained a Buy rating on Flagstar Bancorp (FBCResearch Report) today and set a price target of $42.00. The company’s shares closed last Monday at $37.21.

According to TipRanks.com, Long is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.6% and a 28.2% success rate. Long covers the Financial sector, focusing on stocks such as TCF Financial Corporation, Huntington Bancshares Inc, and Wintrust Financial Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Flagstar Bancorp with a $42.00 average price target, which is a 14.0% upside from current levels. In a report released today, B.Riley FBR also reiterated a Buy rating on the stock with a $42.00 price target.

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The company has a one-year high of $40.00 and a one-year low of $25.30. Currently, Flagstar Bancorp has an average volume of 250.8K.

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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.