Flagstar Bancorp (NYSE:FBC) posted its quarterly earnings data on Tuesday. The savings and loans company reported $0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.72, RTT News reports. Flagstar Bancorp had a net margin of 7.89% and a return on equity of 11.62%. During the same period in the previous year, the firm earned $0.60 earnings per share.
Shares of NYSE:FBC opened at $29.98 on Tuesday. The company has a market cap of $1.73 billion, a P/E ratio of 12.14 and a beta of 1.03. Flagstar Bancorp has a 1-year low of $25.30 and a 1-year high of $40.06. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 3.28.
FBC has been the subject of several recent analyst reports. Boenning Scattergood reiterated a “buy” rating on shares of Flagstar Bancorp in a report on Wednesday, October 24th. B. Riley set a $44.00 price objective on shares of Flagstar Bancorp and gave the company a “buy” rating in a report on Friday, October 12th. TheStreet cut shares of Flagstar Bancorp from a “b” rating to a “c+” rating in a report on Friday, November 9th. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 25th. Finally, Sandler O’Neill cut shares of Flagstar Bancorp from a “buy” rating to a “hold” rating and set a $32.00 target price for the company. in a report on Friday, January 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $39.25.
In other Flagstar Bancorp news, CEO Alessandro Dinello bought 1,000 shares of Flagstar Bancorp stock in a transaction that occurred on Wednesday, October 24th. The stock was purchased at an average cost of $29.08 per share, for a total transaction of $29,080.00. Following the completion of the acquisition, 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 this link. Company insiders own 62.90% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Flagstar Bancorp by 5.2% during the third quarter. Dimensional Fund Advisors LP now owns 4,241,835 shares of the savings and loans company’s stock worth $133,490,000 after buying an additional 208,584 shares in the last quarter. BlackRock Inc. lifted its position in Flagstar Bancorp by 13.9% in the 3rd quarter. BlackRock Inc. now owns 2,642,426 shares of the savings and loans company’s stock worth $83,158,000 after buying an additional 322,665 shares in the last quarter. EJF Capital LLC lifted its position in Flagstar Bancorp by 6.4% in the 3rd quarter. EJF Capital LLC now owns 1,672,968 shares of the savings and loans company’s stock worth $52,648,000 after buying an additional 100,293 shares in the last quarter. Millennium Management LLC lifted its position in Flagstar Bancorp by 13,039.2% in the 2nd quarter. Millennium Management LLC now owns 843,798 shares of the savings and loans company’s stock worth $28,909,000 after buying an additional 837,376 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in Flagstar Bancorp by 6.0% in the 3rd quarter. Teachers Advisors LLC now owns 504,382 shares of the savings and loans company’s stock worth $15,873,000 after buying an additional 28,598 shares in the last quarter. Hedge funds and other institutional investors own 95.18% 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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