Flagstar Bancorp Inc (NYSE:FBC) – Wedbush raised their FY2019 EPS estimates for Flagstar Bancorp in a report issued on Wednesday. Wedbush analyst H. Coffey now expects that the savings and loans company will post earnings per share of $3.50 for the year, up from their prior estimate of $3.10.
Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings data on Tuesday, October 24th. The savings and loans company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.01. The firm had revenue of $103.00 million for the quarter, compared to the consensus estimate of $100.80 million. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.77%. The business’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS.
A number of other equities analysts also recently issued reports on FBC. Zacks Investment Research downgraded shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Monday, September 18th. ValuEngine downgraded shares of Flagstar Bancorp from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Piper Jaffray Companies reissued a “buy” rating and issued a $35.00 price target on shares of Flagstar Bancorp in a report on Friday, October 6th. FBR & Co reissued a “buy” rating and issued a $42.00 price target (up from $35.00) on shares of Flagstar Bancorp in a report on Wednesday, October 25th. Finally, Boenning Scattergood reissued a “buy” rating on shares of Flagstar Bancorp in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Flagstar Bancorp currently has a consensus rating of “Buy” and a consensus price target of $39.57.
Flagstar Bancorp (NYSE FBC) traded down $0.49 on Friday, reaching $38.75. 231,438 shares of the company’s stock were exchanged, compared to its average volume of 165,482. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 4.04. The stock has a market cap of $2,220.00, a P/E ratio of 16.49 and a beta of 1.05. Flagstar Bancorp has a 1 year low of $25.06 and a 1 year high of $39.50.
Several large investors have recently modified their holdings of the stock. California Public Employees Retirement System boosted its holdings in shares of Flagstar Bancorp by 35.5% in the 3rd quarter. California Public Employees Retirement System now owns 27,367 shares of the savings and loans company’s stock worth $971,000 after buying an additional 7,167 shares during the last quarter. Jacobs Asset Management LLC raised its stake in Flagstar Bancorp by 55.7% in the 3rd quarter. Jacobs Asset Management LLC now owns 325,000 shares of the savings and loans company’s stock valued at $11,531,000 after acquiring an additional 116,310 shares during the period. EJF Capital LLC raised its stake in Flagstar Bancorp by 57.8% in the 3rd quarter. EJF Capital LLC now owns 1,183,841 shares of the savings and loans company’s stock valued at $42,003,000 after acquiring an additional 433,841 shares during the period. Dimensional Fund Advisors LP raised its stake in Flagstar Bancorp by 4.7% in the 3rd 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 acquiring an additional 146,882 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Flagstar Bancorp by 5.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 96,451 shares of the savings and loans company’s stock valued at $3,423,000 after acquiring an additional 4,980 shares during the period. 97.53% of the stock is currently owned by institutional investors.
In related news, COO Lee Matthew Smith sold 3,000 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $36.60, for a total value of $109,800.00. Following the transaction, the chief operating officer now directly owns 70,254 shares of the company’s stock, valued at approximately $2,571,296.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 63.00% of the stock is currently owned by insiders.
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About Flagstar Bancorp
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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