Flagstar Bancorp Inc (NYSE:FBC) – Equities researchers at B. Riley boosted their FY2018 earnings per share estimates for Flagstar Bancorp in a research report issued on Tuesday, January 8th. B. Riley analyst S. Moss now anticipates that the savings and loans company will earn $3.01 per share for the year, up from their previous forecast of $3.00. B. Riley has a “Buy” rating and a $44.00 price objective on the stock. B. Riley also issued estimates for Flagstar Bancorp’s Q3 2020 earnings at $1.09 EPS.
Flagstar Bancorp (NYSE:FBC) last released its earnings results on Tuesday, October 23rd. The savings and loans company reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.01. Flagstar Bancorp had a net margin of 7.89% and a return on equity of 11.62%. The firm had revenue of $231.00 million during the quarter, compared to the consensus estimate of $242.20 million. During the same period in the prior year, the firm earned $0.70 EPS.
Other research analysts also recently issued reports about the stock. Boenning Scattergood reissued a “buy” rating on shares of Flagstar Bancorp in a research report on Wednesday, October 24th. TheStreet downgraded shares of Flagstar Bancorp from a “b” rating to a “c+” rating in a research report on Friday, November 9th. Zacks Investment Research raised shares of Flagstar Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 25th. Sandler O’Neill downgraded shares of Flagstar Bancorp from a “buy” rating to a “hold” rating and set a $32.00 target price for the company. in a research report on Friday. Finally, ValuEngine downgraded shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, December 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $39.25.
Flagstar Bancorp stock opened at $28.83 on Thursday. Flagstar Bancorp has a twelve month low of $25.30 and a twelve month high of $40.06. The company has a market cap of $1.69 billion, a PE ratio of 11.67 and a beta of 1.03. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 3.28.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in Flagstar Bancorp by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,241,835 shares of the savings and loans company’s stock worth $133,490,000 after purchasing an additional 208,584 shares in the last quarter. BlackRock Inc. lifted its stake in Flagstar Bancorp by 13.9% in the 3rd quarter. BlackRock Inc. now owns 2,642,426 shares of the savings and loans company’s stock worth $83,158,000 after purchasing an additional 322,665 shares in the last quarter. EJF Capital LLC lifted its stake in Flagstar Bancorp by 6.4% in the 3rd quarter. EJF Capital LLC now owns 1,672,968 shares of the savings and loans company’s stock worth $52,648,000 after purchasing an additional 100,293 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Flagstar Bancorp by 36.5% in the 2nd quarter. Renaissance Technologies LLC now owns 992,112 shares of the savings and loans company’s stock worth $33,990,000 after purchasing an additional 265,100 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Flagstar Bancorp by 13,039.2% in the 2nd quarter. Millennium Management LLC now owns 843,798 shares of the savings and loans company’s stock worth $28,909,000 after purchasing an additional 837,376 shares in the last quarter. 95.14% of the stock is owned by institutional investors.
In other Flagstar Bancorp news, CEO Alessandro Dinello acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 24th. The stock was bought at an average cost of $29.08 per share, with a total value of $29,080.00. Following the acquisition, the chief executive officer now owns 191,359 shares in the company, valued at $5,564,719.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 62.90% of the stock is currently owned by company insiders.
Flagstar Bancorp Company Profile
Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial, small business, and consumer banking services to individuals and businesses in the United States. Its Community Banking segment offers various products, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer and commercial loans, commercial real estate loans, equipment finance and leasing, home builder finance loans, and warehouse lines of credit.
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