Flagstar Bancorp, Inc. (NYSE:FBC) – Research analysts at Wedbush lifted their FY2017 earnings 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 $2.38 for the year, up from their prior forecast of $2.33. Wedbush has a “Outperform” rating and a $35.00 price objective on the stock. Wedbush also issued estimates for Flagstar Bancorp’s Q2 2018 earnings at $0.70 EPS and Q4 2018 earnings at $0.63 EPS.

Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings data on Tuesday, July 25th. The savings and loans company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.09. The firm had revenue of $97 million during the quarter, compared to the consensus estimate of $87.95 million. Flagstar Bancorp had a return on equity of 10.29% and a net margin of 16.52%. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share.

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FBC has been the subject of several other reports. FBR & Co reiterated an “outperform” rating on shares of Flagstar Bancorp in a research note on Tuesday, April 25th. BidaskClub upgraded Flagstar Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Zacks Investment Research lowered Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Boenning Scattergood reiterated a “buy” rating on shares of Flagstar Bancorp in a research note on Tuesday, June 13th. Finally, TheStreet upgraded Flagstar Bancorp from a “c+” rating to a “b” rating in a research note on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $32.50.

Flagstar Bancorp (NYSE FBC) traded up 0.03% during mid-day trading on Thursday, hitting $32.44. The company had a trading volume of 19,489 shares. The company has a market capitalization of $1.85 billion, a P/E ratio of 12.58 and a beta of 0.86. The company has a 50-day moving average price of $30.69 and a 200 day moving average price of $28.70. Flagstar Bancorp has a 52-week low of $25.06 and a 52-week high of $32.88.

A number of large investors have recently bought and sold shares of FBC. US Bancorp DE increased its stake in Flagstar Bancorp by 0.5% in the second quarter. US Bancorp DE now owns 4,205 shares of the savings and loans company’s stock worth $130,000 after buying an additional 23 shares during the period. UBS Group AG increased its stake in Flagstar Bancorp by 0.7% in the first quarter. UBS Group AG now owns 11,500 shares of the savings and loans company’s stock worth $324,000 after buying an additional 83 shares during the period. Teachers Advisors LLC increased its stake in Flagstar Bancorp by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 31,190 shares of the savings and loans company’s stock worth $840,000 after buying an additional 595 shares during the period. Advisors Asset Management Inc. increased its stake in Flagstar Bancorp by 20.1% in the first quarter. Advisors Asset Management Inc. now owns 4,229 shares of the savings and loans company’s stock worth $119,000 after buying an additional 707 shares during the period. Finally, Guggenheim Capital LLC increased its stake in 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. 96.32% of the stock is owned by hedge funds and other institutional investors.

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.

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

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