Flagstar Bancorp Inc (NYSE:FBC) – Equities research analysts at Boenning Scattergood lifted their Q1 2018 earnings per share estimates for Flagstar Bancorp in a research note issued on Wednesday, according to Zacks Investment Research. Boenning Scattergood analyst S. Beury now forecasts that the savings and loans company will post earnings of $0.59 per share for the quarter, up from their prior forecast of $0.48. Boenning Scattergood currently has a “Buy” rating and a $40.00 price objective on the stock. Boenning Scattergood also issued estimates for Flagstar Bancorp’s Q4 2018 earnings at $0.84 EPS.
Flagstar Bancorp (NYSE:FBC) last issued its earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.01. The firm had revenue of $103.00 million for the quarter, compared to analysts’ expectations of $100.80 million. Flagstar Bancorp had a return on equity of 9.77% and a net margin of 14.56%. The firm’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 earnings per share.
Other research analysts have also recently issued research reports about the company. B. Riley restated a “buy” rating on shares of Flagstar Bancorp in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Thursday, October 26th. Piper Jaffray Companies restated a “buy” rating and set a $40.00 price objective on shares of Flagstar Bancorp in a research note on Thursday, October 19th. ValuEngine cut Flagstar Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, FBR & Co restated a “buy” rating and set a $42.00 price objective (up previously from $35.00) on shares of Flagstar Bancorp in a research note on Wednesday, October 25th. One equities research 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 stock. The company has a consensus rating of “Buy” and an average price target of $39.57.
Shares of Flagstar Bancorp (FBC) traded down $0.49 on Thursday, hitting $38.75. The company’s stock had a trading volume of 231,438 shares, compared to its average volume of 165,482. The firm has a market capitalization of $2,220.00, a PE ratio of 16.49 and a beta of 1.05. Flagstar Bancorp has a 12 month low of $25.06 and a 12 month high of $39.50. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.80 and a current ratio of 1.36.
In related news, COO Lee Matthew Smith sold 3,000 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $36.60, for a total value of $109,800.00. Following the transaction, the chief operating officer now owns 70,254 shares in the company, valued at $2,571,296.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 63.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Flagstar Bancorp by 4.7% in the third quarter. Dimensional Fund Advisors LP now owns 3,249,040 shares of the savings and loans company’s stock worth $115,276,000 after acquiring an additional 146,882 shares in the last quarter. EJF Capital LLC lifted its stake in shares of Flagstar Bancorp by 57.8% in the third quarter. EJF Capital LLC now owns 1,183,841 shares of the savings and loans company’s stock worth $42,003,000 after acquiring an additional 433,841 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Flagstar Bancorp by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 668,071 shares of the savings and loans company’s stock worth $23,703,000 after acquiring an additional 38,500 shares in the last quarter. Teachers Advisors LLC increased its holdings in Flagstar Bancorp by 16.3% in 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 buying an additional 63,963 shares during the last quarter. Finally, Federated Investors Inc. PA increased its holdings in 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 buying an additional 243,052 shares during the last quarter. Institutional investors and hedge funds own 97.53% of the company’s stock.
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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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