Flagstar Bancorp, Inc. (NYSE:FBC) – Research analysts at Boenning Scattergood dropped their Q1 2017 earnings per share (EPS) estimates for Flagstar Bancorp in a research report issued on Thursday. Boenning Scattergood analyst S. Beury now forecasts that the firm will earn $0.40 per share for the quarter, down from their previous forecast of $0.42. Boenning Scattergood also issued estimates for Flagstar Bancorp’s Q2 2017 earnings at $0.63 EPS, Q3 2017 earnings at $0.73 EPS, Q4 2017 earnings at $0.54 EPS and FY2017 earnings at $2.30 EPS.
FBC has been the subject of a number of other reports. Wedbush began coverage on Flagstar Bancorp in a report on Monday, October 10th. They set a “neutral” rating and a $30.00 price objective for the company. Zacks Investment Research downgraded Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, December 21st. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Flagstar Bancorp in a report on Wednesday, October 12th. Finally, TheStreet downgraded Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, November 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $26.72.
Flagstar Bancorp (NYSE:FBC) traded up 0.439% during mid-day trading on Friday, reaching $26.295. The company’s stock had a trading volume of 106,212 shares. The stock has a market capitalization of $1.49 billion, a P/E ratio of 9.885 and a beta of 1.30. The stock’s 50 day moving average price is $26.90 and its 200 day moving average price is $27.28. Flagstar Bancorp has a 1-year low of $17.40 and a 1-year high of $29.29.
A number of hedge funds have recently made changes to their positions in FBC. Nationwide Fund Advisors boosted its stake in shares of Flagstar Bancorp by 10.9% in the third quarter. Nationwide Fund Advisors now owns 272,420 shares of the company’s stock worth $7,560,000 after buying an additional 26,832 shares during the period. LSV Asset Management boosted its position in Flagstar Bancorp by 57.9% in the third quarter. LSV Asset Management now owns 166,951 shares of the company’s stock worth $4,632,000 after buying an additional 61,224 shares during the last quarter. DIAM Co. Ltd. purchased a new position in Flagstar Bancorp during the third quarter worth $419,000. BlackRock Inc. boosted its position in Flagstar Bancorp by 23.7% in the third quarter. BlackRock Inc. now owns 39,208 shares of the company’s stock worth $1,088,000 after buying an additional 7,503 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Flagstar Bancorp by 494.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,215 shares of the company’s stock worth $127,000 after buying an additional 4,337 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.
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.