Flagstar Bank (NYSE:FBC) – Research analysts at Wedbush raised their FY2018 EPS estimates for Flagstar Bank in a research note issued on Wednesday, April 25th. Wedbush analyst H. Coffey now anticipates that the savings and loans company will post earnings per share of $3.15 for the year, up from their previous estimate of $3.12. Wedbush currently has a “Outperform” rating and a $40.00 price objective on the stock. Wedbush also issued estimates for Flagstar Bank’s Q3 2019 earnings at $0.91 EPS, Q4 2019 earnings at $0.90 EPS and FY2019 earnings at $3.45 EPS.

Several other equities research analysts have also recently commented on the company. ValuEngine raised Flagstar Bank from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Zacks Investment Research cut Flagstar Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 13th. B. Riley reaffirmed a “buy” rating and set a $42.00 price objective on shares of Flagstar Bank in a research report on Wednesday, January 24th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Flagstar Bank in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $40.29.

Flagstar Bank stock opened at $34.79 on Friday. The company has a debt-to-equity ratio of 4.40, a quick ratio of 0.87 and a current ratio of 1.38. Flagstar Bank has a one year low of $28.43 and a one year high of $40.06. The firm has a market cap of $1,999.36, a P/E ratio of 14.09 and a beta of 1.21.

In other Flagstar Bank news, COO Lee Matthew Smith sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, April 24th. The stock was sold at an average price of $34.58, for a total value of $103,740.00. Following the transaction, the chief operating officer now directly owns 71,911 shares of the company’s stock, valued at $2,486,682.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 9,000 shares of company stock worth $318,810 over the last three months. Insiders own 63.00% of the company’s stock.

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in Flagstar Bank in the third quarter worth about $144,000. Teacher Retirement System of Texas purchased a new position in Flagstar Bank in the fourth quarter worth about $293,000. USA Financial Portformulas Corp purchased a new position in Flagstar Bank in the fourth quarter worth about $296,000. MetLife Investment Advisors LLC purchased a new position in Flagstar Bank in the fourth quarter worth about $342,000. Finally, AXA purchased a new position in Flagstar Bank in the fourth quarter worth about $644,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.

About Flagstar Bank

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.

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

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