Flagstar Bancorp, Inc. (NYSE:FBC) – Equities research analysts at Boenning Scattergood upped their FY2017 earnings per share estimates for Flagstar Bancorp in a report released on Thursday. Boenning Scattergood analyst S. Beury now anticipates that the savings and loans company will post earnings per share of $2.42 for the year, up from their prior estimate of $2.39. Boenning Scattergood currently has a “Buy” rating on the stock. Boenning Scattergood also issued estimates for Flagstar Bancorp’s Q1 2018 earnings at $0.48 EPS, Q2 2018 earnings at $0.70 EPS, Q3 2018 earnings at $0.83 EPS, Q4 2018 earnings at $0.69 EPS and FY2019 earnings at $3.20 EPS.

Flagstar Bancorp (NYSE:FBC) last issued its quarterly 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 analyst estimates of $100.80 million. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.91%. Flagstar Bancorp’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same period last year, the company posted $0.96 EPS. TRADEMARK VIOLATION WARNING: “Flagstar Bancorp, Inc. (FBC) Forecasted to Earn FY2017 Earnings of $2.42 Per Share” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/10/27/flagstar-bancorp-inc-fbc-forecasted-to-earn-fy2017-earnings-of-2-42-per-share.html.

Several other research analysts have also weighed in on FBC. FBR & Co restated a “buy” rating and set a $42.00 target price (up from $35.00) on shares of Flagstar Bancorp in a research report on Wednesday. Piper Jaffray Companies restated a “buy” rating and set a $40.00 target price on shares of Flagstar Bancorp in a research report on Thursday, October 19th. ValuEngine upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Thursday. Finally, BidaskClub lowered shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Flagstar Bancorp currently has an average rating of “Buy” and a consensus price target of $39.00.

Flagstar Bancorp (FBC) opened at 37.62 on Friday. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 14.42 and a beta of 0.83. The company has a 50-day moving average of $34.88 and a 200-day moving average of $31.62. Flagstar Bancorp has a 52 week low of $25.06 and a 52 week high of $38.26.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. US Bancorp DE lifted its holdings in shares of 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 valued at $130,000 after purchasing an additional 23 shares in the last quarter. UBS Group AG lifted its holdings in shares of 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 valued at $324,000 after purchasing an additional 83 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Flagstar Bancorp by 4.5% in the second quarter. Legal & General Group Plc now owns 5,183 shares of the savings and loans company’s stock valued at $159,000 after purchasing an additional 225 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Flagstar Bancorp by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 17,411 shares of the savings and loans company’s stock valued at $536,000 after purchasing an additional 376 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Flagstar Bancorp by 2.1% in the second quarter. Rhumbline Advisers now owns 27,702 shares of the savings and loans company’s stock valued at $854,000 after purchasing an additional 568 shares in the last quarter. 96.32% of the stock is currently owned by 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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