Zacks Investment Research downgraded shares of FLAGSTAR BANCP (FBC) from NEUTRAL to UNDERPERFORM on May 27, 2013, with a target price of $12.70.
Flagstar Bancorp, Inc. is the holding company for Flagstar Bank, FSB, a federally chartered stock savings bank. Through its retail banking centers and e-commerce distribution channels, Flagstar attracts deposits from the general public. The institution utilizes these deposits, along with other funds garnered from the secondary market, to originate or acquire loans on a nationwide basis.
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