FBC stock: buy or sell?
Dec 1st, 2020
FBC stock brief
- Flagstar Bancorp closed on Tuesday at $36.15 after skyrocketing a 3.17% breaking a streak of 3 sessions in red.
- The stock is configuring an uptrend pattern since last September, when it bottomed at $27.75. Up to date, shares marked a 30.27% gain since the beginning of this rally. On Tuesday Flagstar Bancorp broke out above $35.41 giving an entry point
- On Tuesday broke out above its latest top at $35.41
- On November 24 broke out above its latest top at $35.41
- Flagstar Bancorp, Inc. operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial and consumer banking services to individuals and businesses in the United States.
Should I buy Flagstar Bancorp stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $FBC stock a buy?
Currently, Flagstar Bancorp stock matches one trading strategy:
Uptrend buy setup
Flagstar Bancorp stock is in an uptrend since last September that so far has marked a gorgeous 30.00% gain. Price marked a pull back in this uptrend at $28.89 last October, and since then it bounced up a 25.13%. Price just broke out above the buy point at $35.41, but it can be traded. If price goes above $37.18, don't chase the price and wait for the next pullback. If you decide to enter this trade, the suggested stop loss is at $31.87
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$35.41||$31.87||10.00%|
Should I sell Flagstar Bancorp stock?
When you own stock shares with some profit, it's really hard to decide the correct moment to sell and get your benefits. Trading strategies let us to avoid impulsive decisions based on our sentiments or the buzz surrounding the market. We like very simple setups to guide us on when is a good time to sell a stock. Be aware that these setups are not intended for selling short $FBC stock
As a golden rule, you should not hold a trading operation that results in greater losses than those expected at the time of purchase. The moment to sell your stock always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell Flagstar Bancorp stock?
Currently, Flagstar Bancorp stock doesn't match any of our preferred sell setups, so if you own Flagstar Bancorp stock and your operation is in profit probably is not time to sell now
Flagstar Bancorp ratings
In the previous 30 days we couldn't find any rating for Flagstar Bancorp
Flagstar Bancorp stock analysis
Flagstar Bancorp stock started an uptrend last September, and gained a gorgeous 30.27%. The price action shows higher tops and bottoms, and along the way provided very few buying opportunities for those who wanted to invest. Latest low was last October, when price bounced at $28.89. On Tuesday, Flagstar Bancorp broke out above its last top ($35.41) offering a good buy point
Supports and resistances
The current resistances are:
The current support levels are:
The price is moving near to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a sell signal, as price can trade in these levels for many days and weeks
Relative strength index
The has been between the overbought and oversold zones for some weeks, and therefore, without this indicator really being of any help to us in making any decisions.
Flagstar Bancorp stock price history
Flagstar Bancorp started trading on Apr 30th, 1997 priced at $219.79 per share1. Since then, FBC stock depreciated by -83.55%. An investment of thousand dollars on the IPO would be valued $164.48 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Flagstar Bancorp stock
Nobody knows how much a share will be priced in the future. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.
The following table shows the price forecasts published by analysts in the last 30 days. Again, these targets are not direct recommendations for individual investors and must not be trusted blindly.
We don't have any target price posted in the last 4 weeks for Flagstar Bancorp.
Earnings and financials
Last October, Flagstar Bancorp, Inc. ($FBC) posted adjusted EPS for that strongly beat analysts' expectations. Quarterly EPS was $3.88 per share compared to the forecasted $2.32. This Q3 report means an earnings surprise of 67.24%. On the contrary, reported sales were $180.0 million, consistent with the market estimates.This compares to Earnings of $1.11 per share same quarter last year, so posted EPS is a gain of 249.55%. Looking at sales, figures exploded a 89.87% compared to $3.2B year over year.
FBC ($FBC) will host the earnings call late next January. Estimated for this quarter is $2.22, compared to $3.88 that was reported for Q3.
Flagstar Bancorp competitors
Flagstar Bancorp is classified inside the Banks—Regional industry, where it has 181 industry peers.
Flagstar Bancorp main competitors are:
|Company||Market cap||Rating||Bullish ratings1|
|Flagstar Bancorp ($FBC)||$1.7B|
|HDFC Bank ($HDB)||$100.2B||Neutral||0|
|U.S. Bancorp ($USB)||$65.1B||Neutral||0|
|PNC Financial Services ($PNC)||$54.6B||Neutral||1|
|Itau Unibanco ($ITUB)||$50.4B||Neutral||0|
|ICICI Bank ($IBN)||$44.8B||Neutral||0|
1 In the last 30 days.
Flagstar Bancorp performance
To better understand Flagstar Bancorp performance you must compare its gains with other related stocks in same sector or industry.. For Flagstar Bancorp, the benchmark is made against HDFC Bank, U.S. Bancorp, PNC Financial Services, Itau Unibanco and ICICI Bank.
|Flagstar Bancorp ($FBC)||21.60%||14.90%||26.00%|
|HDFC Bank ($HDB)||21.10%||37.20%||53.60%|
|U.S. Bancorp ($USB)||12.20%||22.20%||17.10%|
|PNC Financial Services ($PNC)||24.00%||28.10%||20.30%|
|Itau Unibanco ($ITUB)||40.10%||29.10%||13.70%|
|ICICI Bank ($IBN)||21.10%||18.50%||32.60%|
Disclaimer:The thoughts given in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not have any knowledge of the specific conditions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for education motives only
|Tuesday, December 1st, 2020|
|Day range||$35.56 - $36.55|
|Average true range||$1.48|
|50d mov avg||$31.89|
|100d mov avg||$31.18|
|200d mov avg||$28.69|
|Earnings date||January 26th, 2021|