Flagstar Bancorp Inc (NYSE:FBC) – B. Riley upped their Q4 2018 earnings estimates for Flagstar Bancorp in a research report issued to clients and investors on Tuesday, January 8th. B. Riley analyst S. Moss now expects that the savings and loans company will post earnings of $0.71 per share for the quarter, up from their prior estimate of $0.70. B. Riley currently has a “Buy” rating and a $44.00 target price on the stock. B. Riley also issued estimates for Flagstar Bancorp’s Q1 2019 earnings at $0.51 EPS, Q4 2019 earnings at $0.83 EPS and Q1 2020 earnings at $0.65 EPS.
Several other research analysts also recently issued reports on the company. ValuEngine downgraded Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, December 11th. TheStreet downgraded Flagstar Bancorp from a “b” rating to a “c+” rating in a research note on Friday, November 9th. Zacks Investment Research raised Flagstar Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 25th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Flagstar Bancorp in a research note on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Flagstar Bancorp has an average rating of “Buy” and a consensus price target of $41.50.
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings results on Tuesday, October 23rd. The savings and loans company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.01. The business had revenue of $231.00 million during the quarter, compared to the consensus estimate of $242.20 million. Flagstar Bancorp had a return on equity of 11.62% and a net margin of 7.89%. During the same quarter in the previous year, the company posted $0.70 EPS.
Institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its position in Flagstar Bancorp by 232.1% during the 2nd quarter. Wells Fargo & Company MN now owns 241,574 shares of the savings and loans company’s stock worth $8,277,000 after purchasing an additional 168,839 shares in the last quarter. Alpine Woods Capital Investors LLC purchased a new stake in Flagstar Bancorp during the 3rd quarter worth about $220,000. Schwab Charles Investment Management Inc. increased its position in Flagstar Bancorp by 40.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 148,459 shares of the savings and loans company’s stock worth $5,087,000 after purchasing an additional 42,778 shares in the last quarter. Swiss National Bank increased its position in Flagstar Bancorp by 36.9% during the 2nd quarter. Swiss National Bank now owns 55,600 shares of the savings and loans company’s stock worth $1,905,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Ramsey Quantitative Systems purchased a new stake in Flagstar Bancorp during the 3rd quarter worth about $319,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.
In related news, CEO Alessandro Dinello acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 24th. The stock was purchased at an average price of $29.08 per share, for a total transaction of $29,080.00. Following the transaction, the chief executive officer now owns 191,359 shares in the company, valued at approximately $5,564,719.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 62.90% of the company’s stock.
About Flagstar Bancorp
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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