Flagstar Bancorp Inc (NYSE:FBC) – Equities researchers at Boenning Scattergood dropped their Q2 2019 earnings per share (EPS) estimates for Flagstar Bancorp in a research report issued to clients and investors on Tuesday, July 16th. Boenning Scattergood analyst S. Beury now anticipates that the savings and loans company will post earnings of $0.52 per share for the quarter, down from their prior forecast of $0.93. Boenning Scattergood also issued estimates for Flagstar Bancorp’s Q4 2019 earnings at $0.94 EPS and FY2019 earnings at $3.10 EPS.
Get Flagstar Bancorp alerts: Several other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. Raymond James reissued a “buy” rating on shares of Teck Resources in a report on Thursday, April 4th. Piper Jaffray Companies reissued an “overweight” rating and issued a $760.00 price target (up previously from $755.00) on shares of Chipotle Mexican Grill in a report on Thursday, April 25th. Finally, ValuEngine raised Vanda Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Friday, March 29th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $37.20.
Shares of NYSE FBC opened at $33.16 on Thursday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.76 and a current ratio of 1.08. The firm $1.84 billion, a P/E ratio of 10.98 and a beta of 1.23. The business has a 50-day simple moving average of $32.44. Flagstar Bancorp has a fifty-two week low of $25.30 and a fifty-two week high of $36.16.
Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings results on Tuesday, April 23rd. The savings and loans company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $235.00 million during the quarter, compared to the consensus estimate of $230.70 million. Flagstar Bancorp had a return on equity of 11.60% and a net margin of 16.38%. During the same quarter last year, the company earned $0.60 earnings per share.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. New York State Teachers Retirement System increased its holdings in shares of Flagstar Bancorp by 36.2% in the 2nd quarter. New York State Teachers Retirement System now owns 15,425 shares of the savings and loans company’s stock valued at $511,000 after acquiring an additional 4,100 shares during the last quarter. Denali Advisors LLC purchased a new position in shares of Flagstar Bancorp in the 2nd quarter valued at about $321,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Flagstar Bancorp in the 1st quarter valued at about $217,000. AJO LP increased its holdings in shares of Flagstar Bancorp by 384.5% in the 1st quarter. AJO LP now owns 297,267 shares of the savings and loans company’s stock valued at $9,786,000 after acquiring an additional 235,906 shares during the last quarter. Finally, Globeflex Capital L P purchased a new position in shares of Flagstar Bancorp in the 1st quarter valued at about $879,000. 98.56% of the stock is owned by institutional investors and hedge funds.
Flagstar Bancorp Company Profile
Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial 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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