Flagstar Bancorp Inc (NYSE:FBC) – Equities research analysts at Wedbush lifted their FY2018 earnings per share estimates for Flagstar Bancorp in a research report issued on Wednesday. Wedbush analyst H. Coffey now expects that the savings and loans company will post earnings per share of $3.03 for the year, up from their prior estimate of $2.70.
FBC has been the topic of several other reports. Piper Jaffray Companies reissued a “buy” rating and issued a $35.00 target price on shares of Flagstar Bancorp in a research report on Friday, October 6th. ValuEngine raised shares of Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. B. Riley reaffirmed a “buy” rating and set a $42.00 price target on shares of Flagstar Bancorp in a research report on Tuesday, November 14th. FBR & Co reaffirmed a “buy” rating and set a $42.00 price target (up from $35.00) on shares of Flagstar Bancorp in a research report on Wednesday, October 25th. Finally, Boenning Scattergood set a $40.00 price target on shares of Flagstar Bancorp and gave the company a “buy” rating in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Flagstar Bancorp presently has a consensus rating of “Buy” and an average target price of $39.57.
Flagstar Bancorp (FBC) traded down $0.49 on Thursday, hitting $38.75. 231,438 shares of the company traded hands, compared to its average volume of 165,482. The company has a debt-to-equity ratio of 4.04, a current ratio of 1.36 and a quick ratio of 0.80. Flagstar Bancorp has a twelve month low of $25.06 and a twelve month high of $39.50. The firm has a market capitalization of $2,220.00, a PE ratio of 16.49 and a beta of 1.05.
Flagstar Bancorp (NYSE:FBC) last released its earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.01. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.77%. The business had revenue of $103.00 million for the quarter, compared to analysts’ expectations of $100.80 million. During the same period last year, the company earned $0.96 earnings per share. The company’s quarterly revenue was up 28.8% on a year-over-year basis.
In other Flagstar Bancorp news, COO Lee Matthew Smith sold 3,000 shares of Flagstar Bancorp stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $36.60, for a total transaction of $109,800.00. Following the transaction, the chief operating officer now directly owns 70,254 shares of the company’s stock, valued at $2,571,296.40. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 63.00% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in Flagstar Bancorp by 4.7% during the third quarter. Dimensional Fund Advisors LP now owns 3,249,040 shares of the savings and loans company’s stock valued at $115,276,000 after buying an additional 146,882 shares in the last quarter. EJF Capital LLC raised its stake in shares of Flagstar Bancorp by 57.8% during the third quarter. EJF Capital LLC now owns 1,183,841 shares of the savings and loans company’s stock valued at $42,003,000 after purchasing an additional 433,841 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Flagstar Bancorp by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 668,071 shares of the savings and loans company’s stock valued at $23,703,000 after purchasing an additional 38,500 shares during the period. Teachers Advisors LLC raised its stake in shares of Flagstar Bancorp by 16.3% during the second quarter. Teachers Advisors LLC now owns 456,739 shares of the savings and loans company’s stock valued at $14,077,000 after purchasing an additional 63,963 shares during the period. Finally, State Street Corp raised its stake in shares of Flagstar Bancorp by 5.7% during the second quarter. State Street Corp now owns 426,056 shares of the savings and loans company’s stock valued at $13,130,000 after purchasing an additional 23,101 shares during the period. 97.53% of the stock is currently owned by hedge funds and other institutional investors.
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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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