Flagstar Bancorp Inc. (NYSE:FBC) – Stock analysts at Wedbush issued their Q3 2016 EPS estimates for Flagstar Bancorp in a research report issued on Monday. Wedbush analyst H. Coffey forecasts that the brokerage will post earnings per share of $0.67 for the quarter. Wedbush currently has a “Neutral” rating and a $30.00 target price on the stock. Wedbush also issued estimates for Flagstar Bancorp’s Q4 2016 earnings at $0.50 EPS, FY2016 earnings at $2.38 EPS, Q1 2017 earnings at $0.42 EPS, Q2 2017 earnings at $0.72 EPS, Q3 2017 earnings at $0.73 EPS, Q4 2017 earnings at $0.56 EPS, FY2017 earnings at $2.43 EPS and FY2018 earnings at $2.75 EPS.

A number of other brokerages have also issued reports on FBC. Zacks Investment Research lowered Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Flagstar Bancorp in a research report on Wednesday. Boenning Scattergood initiated coverage on Flagstar Bancorp in a research report on Wednesday, June 29th. They set an “outperform” rating and a $26.50 target price for the company. FBR & Co reaffirmed a “buy” rating on shares of Flagstar Bancorp in a research report on Tuesday, June 28th. Finally, Sandler O’Neill lowered Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, September 23rd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $26.50.

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

Flagstar Bancorp (NYSE:FBC) opened at 27.00 on Thursday. Flagstar Bancorp has a one year low of $17.25 and a one year high of $28.54. The stock’s 50 day moving average price is $27.74 and its 200-day moving average price is $25.15. The company has a market capitalization of $1.53 billion, a P/E ratio of 11.54 and a beta of 2.10.

Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.10. Flagstar Bancorp had a return on equity of 12.96% and a net margin of 19.67%. During the same quarter in the prior year, the company earned $0.68 EPS.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC increased its position in shares of Flagstar Bancorp by 20.7% in the second quarter. Sterling Capital Management LLC now owns 35,705 shares of the company’s stock worth $872,000 after buying an additional 6,123 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Flagstar Bancorp by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 78,323 shares of the company’s stock valued at $1,912,000 after buying an additional 1,272 shares during the period. Metropolitan Life Insurance Co. NY increased its position in shares of Flagstar Bancorp by 5.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 14,127 shares of the company’s stock valued at $345,000 after buying an additional 781 shares during the period. Panagora Asset Management Inc. increased its position in shares of Flagstar Bancorp by 71.1% in the second quarter. Panagora Asset Management Inc. now owns 8,077 shares of the company’s stock valued at $197,000 after buying an additional 3,355 shares during the period. Finally, A.R.T. Advisors LLC increased its position in shares of Flagstar Bancorp by 29.1% in the second quarter. A.R.T. Advisors LLC now owns 34,170 shares of the company’s stock valued at $834,000 after buying an additional 7,700 shares during the period. Institutional investors and hedge funds own 95.44% of the company’s stock.

About Flagstar Bancorp

Flagstar Bancorp, Inc is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB. The Company operates through three segments: Mortgage Originations, Mortgage Servicing and Community Banking. Through Mortgage Originations segment, it originates, acquires and sells one- to four-family residential mortgage loans.

5 Day Chart for NYSE:FBC

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