Flagstar Bancorp Inc (FBC) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.54 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.16. Analysts had a consensus of $0.38. Analysts expectations of $77.25 million. During the same quarter in the previous year, the company posted $.43 EPS.
Many Wall Street Analysts have commented on Flagstar Bancorp Inc. Flagstar Bancorp Inc was Initiated by Piper Jaffray to “Overweight” on Mar 11, 2016. Flagstar Bancorp Inc was Initiated by Sterne Agee CRT to “Buy” on Mar 1, 2016. Flagstar Bancorp Inc was Upgraded by Sandler O’Neill to ” Buy” on Feb 9, 2016.
Flagstar Bancorp Inc opened for trading at $22.74 and hit $23.3 on the upside on Friday, eventually ending the session at $23.18, with a gain of 1.89% or 0.43 points. The heightened volatility saw the trading volume jump to 1,87,518 shares. Company has a market cap of $1,311 M.
In a different news, on Feb 2, 2016, Stephen V Figliuolo (EVP and Chief Risk Officer) purchased 500 shares at $18.64 per share price. According to the SEC, on Jan 27, 2016, Patrick M Mcguirk (EVP and Gen Counsel) purchased 3,000 shares at $17.55 per share price. On Jan 27, 2016, James Ciroli (EVP and Chief Financ Officer) purchased 2,000 shares at $17.50 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Bank) a stock savings bank. The Company offers checking accounts savings accounts money market accounts certificates of deposit other services consumer loans commercial loans and warehouse lines of credit. The Company operates through segments including Mortgage Originations Mortgage Servicing and Community Banking. The Mortgage Originations segment originates acquires and sells one-to-four family residential mortgage loans. The Mortgage Servicing segment services and subservices mortgage loans on a fee basis for others. The Community Banking segment originates loans provides deposits and fee based services to consumer business and mortgage lending customers through its Branch Banking Business and Commercial Banking Government Banking Warehouse Lending and Held-for-Investment Portfolio groups.