Revenue Update on Flagstar Bancorp Inc(NYSE:FBC)

Flagstar Bancorp Inc(NYSE:FBC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $77.00M. Analysts estimated a revenue of $80.04M. Earnings per share were $0.66. Analysts had estimated an EPS of $0.56.

In a different note, On Jun 28, 2016, Keefe Bruyette & Woods said it Upgrades its rating on Flagstar Bancorp Inc. The shares have been rated ‘Outperform’ by the firm.

Flagstar Bancorp Inc (FBC) made into the market gainers list on Fridays trading session with the shares advancing 0.08% or 0.02 points. Due to strong positive momentum, the stock ended at $26.41, which is also near the day’s high of $26.58. The stock began the session at $26.31 and the volume stood at 2,00,201 shares. The 52-week high of the shares is $27 and the 52 week low is $17.25. The company has a current market capitalization of $1,494 M and it has 5,65,75,779 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 2, 2016, Stephen V Figliuolo (EVP and Chief Risk Officer) purchased 500 shares at $18.64 per share price.Also, 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.

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