Equities Analysts Offer Predictions for Flagstar Bancorp Inc’s Q1 2019 Earnings (FBC)

Flagstar Bancorp Inc (NYSE:FBC) – Research analysts at Boenning Scattergood issued their Q1 2019 earnings estimates for shares of Flagstar Bancorp in a research report issued on Wednesday, October 24th. Boenning Scattergood analyst S. Beury anticipates that the savings and loans company will post earnings of $0.63 per share for the quarter. Boenning Scattergood has a “Buy” rating on the stock. Boenning Scattergood also issued estimates for Flagstar Bancorp’s Q2 2019 earnings at $0.93 EPS, Q3 2019 earnings at $1.07 EPS and Q4 2019 earnings at $0.95 EPS.

Several other analysts have also recently commented on FBC. Zacks Investment Research upgraded Flagstar Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday. Sandler O’Neill reiterated a “buy” rating and set a $41.00 price target on shares of Flagstar Bancorp in a research report on Thursday, July 26th. B. Riley set a $44.00 price target on Flagstar Bancorp and gave the stock a “buy” rating in a research report on Friday, October 12th. Finally, ValuEngine cut Flagstar Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, September 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $41.50.



Shares of FBC opened at $29.33 on Monday. The company has a debt-to-equity ratio of 3.81, a current ratio of 1.29 and a quick ratio of 0.86. Flagstar Bancorp has a one year low of $28.18 and a one year high of $40.06. The company has a market cap of $1.69 billion, a P/E ratio of 11.87 and a beta of 0.99.

Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings results on Tuesday, October 23rd. The savings and loans company reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. Flagstar Bancorp had a return on equity of 11.79% and a net margin of 7.89%. The firm had revenue of $231.00 million during the quarter, compared to analysts’ expectations of $242.20 million. During the same period in the previous year, the business earned $0.70 earnings per share.

In related news, CEO Alessandro Dinello acquired 1,000 shares of the stock in a transaction on Wednesday, October 24th. The shares were bought at an average price of $29.08 per share, with a total value of $29,080.00. Following the completion of the purchase, the chief executive officer now owns 191,359 shares of the company’s stock, valued at approximately $5,564,719.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Lee Matthew Smith sold 3,000 shares of the business’s stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $31.43, for a total value of $94,290.00. Following the transaction, the chief operating officer now directly owns 90,630 shares in the company, valued at approximately $2,848,500.90. The disclosure for this sale can be found here. Insiders own 62.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC boosted its stake in Flagstar Bancorp by 17.6% during the second quarter. Voya Investment Management LLC now owns 12,891 shares of the savings and loans company’s stock worth $442,000 after buying an additional 1,925 shares during the last quarter. SG Americas Securities LLC boosted its stake in Flagstar Bancorp by 57.8% during the second quarter. SG Americas Securities LLC now owns 5,370 shares of the savings and loans company’s stock worth $184,000 after buying an additional 1,967 shares during the last quarter. Northern Trust Corp boosted its stake in Flagstar Bancorp by 0.8% during the first quarter. Northern Trust Corp now owns 264,856 shares of the savings and loans company’s stock worth $9,376,000 after buying an additional 2,139 shares during the last quarter. Jane Street Group LLC boosted its stake in Flagstar Bancorp by 33.8% during the second quarter. Jane Street Group LLC now owns 8,657 shares of the savings and loans company’s stock worth $297,000 after buying an additional 2,186 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in Flagstar Bancorp by 35.3% during the second quarter. Metropolitan Life Insurance Co. NY now owns 9,696 shares of the savings and loans company’s stock worth $332,000 after buying an additional 2,531 shares during the last quarter. 93.77% of the stock is currently owned by institutional investors.

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

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