Research Analysts Offer Predictions for Flagstar Bancorp Inc.’s Q3 2016 Earnings (FBC)
Flagstar Bancorp Inc. (NYSE:FBC) – Stock analysts at Wedbush issued their Q3 2016 earnings per share estimates for Flagstar Bancorp in a research note issued to investors on Monday. Wedbush analyst H. Coffey expects that the firm will post earnings per share of $0.67 for the quarter. Wedbush currently has a “Neutral” rating and a $30.00 target price on the stock. Wedbush also issued estimates for Flagstar Bancorp’s Q4 2016 earnings at $0.50 EPS, FY2016 earnings at $2.38 EPS, Q1 2017 earnings at $0.42 EPS, Q2 2017 earnings at $0.72 EPS, Q3 2017 earnings at $0.73 EPS, Q4 2017 earnings at $0.56 EPS, FY2017 earnings at $2.43 EPS and FY2018 earnings at $2.75 EPS.
Flagstar Bancorp (NYSE:FBC) last issued its earnings results on Tuesday, July 26th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.56 by $0.10. Flagstar Bancorp had a net margin of 19.67% and a return on equity of 12.96%. During the same period in the previous year, the firm posted $0.68 earnings per share.
Other equities analysts have also issued research reports about the company. FBR & Co lifted their price target on Flagstar Bancorp from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Piper Jaffray Cos. lowered Flagstar Bancorp from an “overweight” rating to a “neutral” rating and set a $27.00 price target for the company. in a research report on Wednesday, July 27th. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “strong-buy” rating and set a $28.00 price target for the company in a research report on Wednesday, June 29th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Flagstar Bancorp in a research report on Wednesday. Finally, Boenning Scattergood assumed coverage on Flagstar Bancorp in a research report on Wednesday, June 29th. They issued an “outperform” rating and a $26.50 price target for the company. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $26.50.
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Shares of Flagstar Bancorp (NYSE:FBC) traded down 2.39% during trading on Thursday, hitting $26.97. 35,960 shares of the stock traded hands. The company has a market cap of $1.53 billion, a P/E ratio of 11.53 and a beta of 2.10. Flagstar Bancorp has a 1-year low of $17.25 and a 1-year high of $28.54. The stock has a 50-day moving average of $27.77 and a 200 day moving average of $25.14.
Several large investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC increased its stake in Flagstar Bancorp by 20.7% in the second quarter. Sterling Capital Management LLC now owns 35,705 shares of the company’s stock worth $872,000 after buying an additional 6,123 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Flagstar Bancorp by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 78,323 shares of the company’s stock worth $1,912,000 after buying an additional 1,272 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Flagstar Bancorp by 5.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 14,127 shares of the company’s stock worth $345,000 after buying an additional 781 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Flagstar Bancorp by 71.1% in the second quarter. Panagora Asset Management Inc. now owns 8,077 shares of the company’s stock worth $197,000 after buying an additional 3,355 shares in the last quarter. Finally, A.R.T. Advisors LLC increased its stake in Flagstar Bancorp by 29.1% in the second quarter. A.R.T. Advisors LLC now owns 34,170 shares of the company’s stock worth $834,000 after buying an additional 7,700 shares in the last quarter. Institutional investors and hedge funds own 95.44% of the company’s stock.
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. The Company operates through three segments: Mortgage Originations, Mortgage Servicing and Community Banking. Through Mortgage Originations segment, it originates, acquires and sells one- to four-family residential mortgage loans.
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