Flagstar Bancorp, Inc. (NYSE:FBC) – Investment analysts at FBR & Co raised their Q4 2017 earnings per share (EPS) estimates for shares of Flagstar Bancorp in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. FBR & Co analyst J. Levi-Ribner now anticipates that the savings and loans company will post earnings per share of $0.48 for the quarter, up from their previous estimate of $0.46. FBR & Co currently has a “Buy” rating and a $42.00 price target on the stock. FBR & Co also issued estimates for Flagstar Bancorp’s Q1 2018 earnings at $0.49 EPS, Q2 2018 earnings at $0.79 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.66 EPS and FY2018 earnings at $2.75 EPS.
A number of other equities analysts also recently issued reports on FBC. ValuEngine downgraded Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $35.00 price target on shares of Flagstar Bancorp in a report on Wednesday, July 26th. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Friday, July 28th. BidaskClub downgraded Flagstar Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Finally, Raymond James Financial, Inc. started coverage on Flagstar Bancorp in a report on Thursday, August 31st. They issued an “outperform” rating and a $36.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $39.00.
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Flagstar Bancorp (FBC) opened at $34.87 on Thursday. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 4.04. The stock has a market capitalization of $1,991.06, a P/E ratio of 14.75 and a beta of 1.01. Flagstar Bancorp has a fifty-two week low of $25.06 and a fifty-two week high of $38.26.
Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.01. The firm had revenue of $103.00 million during the quarter, compared to the consensus estimate of $100.80 million. Flagstar Bancorp had a return on equity of 9.77% and a net margin of 14.56%. The firm’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 earnings per share.
Several hedge funds have recently bought and sold shares of FBC. Teachers Advisors LLC boosted its holdings in shares of Flagstar Bancorp by 1,159.3% in the first quarter. Teachers Advisors LLC now owns 392,776 shares of the savings and loans company’s stock valued at $11,072,000 after acquiring an additional 361,586 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Flagstar Bancorp by 125.4% in the first quarter. Nuveen Asset Management LLC now owns 578,255 shares of the savings and loans company’s stock valued at $16,301,000 after acquiring an additional 321,734 shares during the period. Federated Investors Inc. PA boosted its holdings in shares of Flagstar Bancorp by 121.5% in the second quarter. Federated Investors Inc. PA now owns 443,162 shares of the savings and loans company’s stock valued at $13,658,000 after acquiring an additional 243,052 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Flagstar Bancorp by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,102,158 shares of the savings and loans company’s stock worth $95,609,000 after purchasing an additional 232,925 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Flagstar Bancorp by 54.2% during the first quarter. AQR Capital Management LLC now owns 442,062 shares of the savings and loans company’s stock worth $12,462,000 after purchasing an additional 155,355 shares during the period. 96.27% of the stock is owned by institutional investors and hedge funds.
Flagstar Bancorp Company Profile
Flagstar Bancorp, Inc is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB. It operates through four segments: Community Banking, Mortgage Originations, Mortgage Servicing, and Other. Through Mortgage Originations segment, it originates, acquires and sells one- to four-family residential mortgage loans.
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