Flagstar Bancorp, Inc. (NYSE:FBC) – Research analysts at FBR & Co cut their FY2018 earnings estimates for shares of Flagstar Bancorp in a note issued to investors on Monday. FBR & Co analyst J. Levi-Ribner now anticipates that the savings and loans company will post earnings of $2.55 per share for the year, down from their previous estimate of $2.65. FBR & Co currently has a “Outperform” rating on the stock.

Other analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “sell” rating to a “hold” rating in a report on Monday, March 13th. BidaskClub upgraded shares of Flagstar Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Stephens initiated coverage on shares of Flagstar Bancorp in a research note on Thursday, March 23rd. They issued an “equal weight” rating for the company. Boenning Scattergood reissued a “buy” rating on shares of Flagstar Bancorp in a research report on Tuesday, June 13th. Finally, TheStreet raised shares of Flagstar Bancorp from a “c+” rating to a “b” rating in a research report on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $30.90.

ILLEGAL ACTIVITY NOTICE: “FBR & Co Brokers Decrease Earnings Estimates for Flagstar Bancorp, Inc. (FBC)” was first published by American Banking News and is owned by of American Banking News. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/07/11/fbr-co-brokers-decrease-earnings-estimates-for-flagstar-bancorp-inc-fbc.html.

Shares of Flagstar Bancorp (FBC) traded down 1.14% during mid-day trading on Tuesday, hitting $30.42. 43,184 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $29.92 and a 200-day moving average price of $28.23. Flagstar Bancorp has a 1-year low of $24.83 and a 1-year high of $31.57. The stock has a market cap of $1.74 billion, a P/E ratio of 11.80 and a beta of 0.86.

Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings results on Tuesday, April 25th. The savings and loans company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.10. Flagstar Bancorp had a net margin of 17.51% and a return on equity of 10.74%. The company had revenue of $183 million for the quarter, compared to the consensus estimate of $172.90 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share.

Institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in shares of Flagstar Bancorp during the fourth quarter worth about $1,971,000. State Street Corp raised its position in shares of Flagstar Bancorp by 6.2% in the fourth quarter. State Street Corp now owns 401,195 shares of the savings and loans company’s stock worth $10,808,000 after buying an additional 23,286 shares during the period. FMR LLC bought a new position in shares of Flagstar Bancorp during the fourth quarter worth about $374,000. Allianz Asset Management AG raised its position in shares of Flagstar Bancorp by 160.9% in the fourth quarter. Allianz Asset Management AG now owns 69,872 shares of the savings and loans company’s stock worth $1,883,000 after buying an additional 43,092 shares during the period. Finally, Guggenheim Capital LLC raised its position in shares of Flagstar Bancorp by 1.9% in the fourth quarter. Guggenheim Capital LLC now owns 39,331 shares of the savings and loans company’s stock worth $1,059,000 after buying an additional 737 shares during the period. 96.37% of the stock is currently owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Flagstar Bancorp (NYSE:FBC)

Receive News & Ratings for Flagstar Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flagstar Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.