Flagstar Reports Second Quarter 2015 Net Income of $46.4 million, or $0.68 per Diluted Share
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FBR Capital Raises Price Target on Flagstar Bancorp (FBC) Following 2Q15 Results
July 29, 2015 9:53 AM EDTFBR Capital reiterated an Outperform rating on Flagstar Bancorp (NYSE: FBC), and raised the price target of $24.00 (from $20.00), following 2Q15. FBC reported 2Q15 GAAP EPS of $0.68 ahead of consensus of $0.37.
Analyst Paul Miller commented, "We are raising our price target on Flagstar Bancorp from... More
Compass Point Raises Price Target on Flagstar Bancorp (FBC) to $23 Following a 2Q EPS Beat
July 29, 2015 9:06 AM EDTCompass Point reiterated a Buy rating on Flagstar Bancorp (NYSE: FBC), and raised the price target to $23.00 (from $22.00), following 2Q15 results. FBC reported 2Q15E EPS of $0.68 compared to the $0.37 consensus estimate. Analyst Kevin Barker said that the earnings beat was driven by strong mortgage banking results and a large reserve release due to the sale of distressed assets.
Barker commented, "We reiterate our Buy rating and increase our price target to $23 from $22 following the 2Q15 earnings release. FBC is one of the most levered... More
