Flagstar Bancorp (FBC) Crumbles: Stock Falls by 6.1%

Flagstar Bancorp Inc. (FBC) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for FBC as the stock is now down over 13.4% since March 31.

This slump shouldn’t be too much of a surprise to investors, as the financial organization has seen 1 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

Flagstar Bancorp currently has a Zacks Rank #5 (Sell) while its Earnings ESP is 17.7%.

Some better-ranked stocks in the same sector include Dime Community Bancshares Inc. (DCOM), Heritage Financial Corp. (HFWA) and Investors Bancorp Inc. (ISBC). All these stocks hold a Zacks Rank #2 (Buy).

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FLAGSTAR BANCORP NEW (FBC): Free Stock Analysis Report

INVESTORS BANCORP INC (ISBC): Free Stock Analysis Report

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DIME COMMUNITY BANCSHARES (DCOM): Free Stock Analysis Report


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