Q2 2018 EPS Estimates for Flagstar Bancorp Inc (FBC) Boosted by Analyst

Flagstar Bancorp Inc (NYSE:FBC) – Equities research analysts at Boenning Scattergood increased their Q2 2018 earnings per share estimates for shares of Flagstar Bancorp in a note issued to investors on Thursday. Boenning Scattergood analyst S. Beury now expects that the savings and loans company will earn $0.90 per share for the quarter, up from their prior estimate of $0.87. Boenning Scattergood currently has a “Buy” rating and a $40.00 target price on the stock.

A number of other analysts have also weighed in on FBC. ValuEngine lowered shares of Flagstar Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Piper Jaffray Companies restated a “buy” rating and set a $35.00 price objective on shares of Flagstar Bancorp in a research note on Friday, October 6th. FBR & Co restated a “buy” rating and set a $42.00 price objective (up from $35.00) on shares of Flagstar Bancorp in a research note on Wednesday, October 25th. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Thursday, October 26th. Finally, B. Riley restated a “buy” rating on shares of Flagstar Bancorp in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $39.57.

Flagstar Bancorp (NYSE FBC) opened at $37.72 on Monday. The stock has a market cap of $2,144.96, a PE ratio of 34.93 and a beta of 1.05. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.80 and a current ratio of 1.36. Flagstar Bancorp has a 12-month low of $25.37 and a 12-month high of $40.06.

Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings results on Tuesday, January 23rd. The savings and loans company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Flagstar Bancorp had a net margin of 17.17% and a return on equity of 11.22%. The company had revenue of $107.00 million during the quarter, compared to analysts’ expectations of $103.91 million. During the same period last year, the company posted $0.49 EPS. Flagstar Bancorp’s revenue was up 23.0% on a year-over-year basis.

Several hedge funds have recently made changes to their positions in the company. Legal & General Group Plc grew its stake 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 worth $159,000 after acquiring an additional 225 shares during the period. The Manufacturers Life Insurance Company grew its stake 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 worth $536,000 after acquiring an additional 376 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Flagstar Bancorp by 0.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 91,471 shares of the savings and loans company’s stock worth $2,820,000 after acquiring an additional 769 shares during the period. Voya Investment Management LLC grew its stake in shares of Flagstar Bancorp by 14.9% in the second quarter. Voya Investment Management LLC now owns 11,586 shares of the savings and loans company’s stock worth $357,000 after acquiring an additional 1,504 shares during the period. Finally, New York State Common Retirement Fund grew its stake in shares of Flagstar Bancorp by 9.3% in the second quarter. New York State Common Retirement Fund now owns 23,500 shares of the savings and loans company’s stock worth $724,000 after acquiring an additional 1,999 shares during the period. Hedge funds and other institutional investors own 97.53% of the company’s stock.

In other news, COO Lee Matthew Smith sold 3,000 shares of Flagstar Bancorp stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $37.48, for a total value of $112,440.00. Following the completion of the sale, the chief operating officer now directly owns 75,835 shares in the company, valued at $2,842,295.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 63.00% of the stock is currently owned by company insiders.

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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)

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