Flagstar Bancorp Inc (NYSE:FBC) – Investment analysts at Boenning Scattergood boosted their Q1 2018 EPS estimates for Flagstar Bancorp in a report issued on Wednesday. Boenning Scattergood analyst S. Beury now expects that the savings and loans company will earn $0.59 per share for the quarter, up from their prior forecast of $0.48. Boenning Scattergood has a “Buy” rating and a $40.00 price objective on the stock. Boenning Scattergood also issued estimates for Flagstar Bancorp’s Q4 2018 earnings at $0.84 EPS.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Tuesday, September 19th. Piper Jaffray Companies reiterated a “buy” rating and set a $35.00 price target on shares of Flagstar Bancorp in a research report on Monday, August 28th. ValuEngine cut Flagstar Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. FBR & Co restated a “buy” rating and issued a $42.00 price objective (up from $35.00) on shares of Flagstar Bancorp in a research report on Wednesday, October 25th. Finally, B. Riley restated a “buy” rating on shares of Flagstar Bancorp in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $39.57.
Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.01. Flagstar Bancorp had a return on equity of 9.77% and a net margin of 14.56%. The firm had revenue of $103.00 million for the quarter, compared to analysts’ expectations of $100.80 million. During the same period in the prior year, the business posted $0.96 earnings per share. The company’s revenue was up 28.8% on a year-over-year basis.
In related news, COO Lee Matthew Smith sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $36.60, for a total value of $109,800.00. Following the transaction, the chief operating officer now directly owns 70,254 shares in the company, valued at $2,571,296.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 63.00% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of FBC. EJF Capital LLC boosted its stake in Flagstar Bancorp by 57.8% in the third quarter. EJF Capital LLC now owns 1,183,841 shares of the savings and loans company’s stock worth $42,003,000 after buying an additional 433,841 shares in the last quarter. Federated Investors Inc. PA boosted its stake in Flagstar Bancorp by 121.5% in the second quarter. Federated Investors Inc. PA now owns 443,162 shares of the savings and loans company’s stock worth $13,658,000 after buying an additional 243,052 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Flagstar Bancorp by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,102,158 shares of the savings and loans company’s stock worth $95,609,000 after buying an additional 232,925 shares in the last quarter. Jacobs Asset Management LLC boosted its stake in shares of Flagstar Bancorp by 55.7% during the third quarter. Jacobs Asset Management LLC now owns 325,000 shares of the savings and loans company’s stock valued at $11,531,000 after purchasing an additional 116,310 shares during the period. Finally, American Century Companies Inc. purchased a new stake in shares of Flagstar Bancorp during the third quarter valued at approximately $2,977,000. 97.53% of the stock is owned by institutional investors and hedge funds.
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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.
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