Q1 2018 EPS Estimates for Flagstar Bank (FBC) Lowered by B. Riley

Flagstar Bank (NYSE:FBC) – Research analysts at B. Riley reduced their Q1 2018 earnings per share estimates for shares of Flagstar Bank in a report released on Thursday, April 12th. B. Riley analyst S. Moss now anticipates that the savings and loans company will post earnings per share of $0.44 for the quarter, down from their prior forecast of $0.57. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for Flagstar Bank’s Q2 2018 earnings at $0.82 EPS, Q3 2018 earnings at $0.93 EPS, Q4 2018 earnings at $0.81 EPS, FY2018 earnings at $3.00 EPS, Q2 2019 earnings at $1.06 EPS, Q3 2019 earnings at $1.11 EPS, Q4 2019 earnings at $0.85 EPS and FY2019 earnings at $3.45 EPS.

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Flagstar Bank (NYSE:FBC) last posted its quarterly earnings data on Tuesday, January 23rd. The savings and loans company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. Flagstar Bank had a return on equity of 10.16% and a net margin of 6.32%. The company had revenue of $107.00 million during the quarter, compared to analyst estimates of $103.91 million. During the same quarter last year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis.

Other research analysts have also issued research reports about the company. Boenning Scattergood set a $40.00 price objective on Flagstar Bank and gave the company a “buy” rating in a research report on Wednesday, December 27th. ValuEngine lowered Flagstar Bank from a “strong-buy” rating to a “buy” rating in a research report on Friday. Wedbush reduced their price objective on Flagstar Bank from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Zacks Investment Research lowered Flagstar Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $40.29.

FBC stock opened at $33.79 on Monday. Flagstar Bank has a twelve month low of $27.52 and a twelve month high of $40.06. The company has a debt-to-equity ratio of 4.40, a current ratio of 1.38 and a quick ratio of 0.87. The company has a market cap of $1,979.88, a P/E ratio of 13.68 and a beta of 1.21.

Several institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC bought a new stake in shares of Flagstar Bank in the 4th quarter worth $342,000. Millennium Management LLC bought a new stake in shares of Flagstar Bank in the 4th quarter worth $1,979,000. TIAA CREF Investment Management LLC increased its holdings in shares of Flagstar Bank by 25.4% in the 4th quarter. TIAA CREF Investment Management LLC now owns 169,845 shares of the savings and loans company’s stock worth $6,356,000 after purchasing an additional 34,384 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Flagstar Bank by 1.2% in the 4th quarter. Teachers Advisors LLC now owns 465,830 shares of the savings and loans company’s stock worth $17,431,000 after purchasing an additional 5,727 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Flagstar Bank by 97.9% in the 4th quarter. Deutsche Bank AG now owns 196,219 shares of the savings and loans company’s stock worth $7,340,000 after purchasing an additional 97,080 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

In other Flagstar Bank news, COO Lee Matthew Smith sold 3,000 shares of Flagstar Bank stock in a transaction on Monday, March 26th. The stock was sold at an average price of $35.73, for a total value of $107,190.00. Following the completion of the sale, the chief operating officer now owns 69,835 shares of the company’s stock, valued at approximately $2,495,204.55. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 9,000 shares of company stock valued at $327,510. Corporate insiders own 63.00% of the company’s stock.

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About Flagstar Bank

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.

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

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