What’s Next for Flagstar Bancorp, Inc. (FBC) After Forming Bearish Wedge Down Pattern?

May 18, 2018 - By Ned Sandoval

Flagstar Bancorp, Inc. (NYSE:FBC) Logo

Investors sentiment decreased to 0.91 in 2017 Q4. Its down 0.17, from 1.08 in 2017Q3. It turned negative, as 13 investors sold Flagstar Bancorp, Inc. shares while 44 reduced holdings. 16 funds opened positions while 36 raised stakes. 55.63 million shares or 0.29% less from 55.79 million shares in 2017Q3 were reported.
Federated Pa owns 467,137 shares for 0.05% of their portfolio. Ejf Capital Limited Liability Company reported 1.23 million shares. Loomis Sayles & Lp holds 965 shares. Blackrock reported 1.58 million shares. Zebra Cap invested 0.44% of its portfolio in Flagstar Bancorp, Inc. (NYSE:FBC). National Bank Of America De holds 0% of its portfolio in Flagstar Bancorp, Inc. (NYSE:FBC) for 136,630 shares. 28,111 are owned by Menta Capital Limited Liability Corp. Usa Portformulas Corporation reported 7,912 shares. Adams Diversified Equity Fund, a Maryland-based fund reported 22,100 shares. Dimensional Fund Advsrs Lp reported 3.48 million shares or 0.05% of all its holdings. First Manhattan invested 0% of its portfolio in Flagstar Bancorp, Inc. (NYSE:FBC). Citigroup owns 0% invested in Flagstar Bancorp, Inc. (NYSE:FBC) for 58,141 shares. Legal General Public Ltd Co accumulated 0% or 5,290 shares. Gsa Ptnrs Llp, a United Kingdom-based fund reported 20,860 shares. Northern holds 0% in Flagstar Bancorp, Inc. (NYSE:FBC) or 262,717 shares.

The stock of Flagstar Bancorp, Inc. (FBC) formed a down wedge with $32.81 target or 4.00 % below today’s $34.18 share price. The 8 months wedge indicates high risk for the $1.96 billion company. If the $32.81 price target is reached, the company will be worth $78.52 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 0.09% or $0.03 during the last trading session, reaching $34.18. About 226,372 shares traded or 6.43% up from the average. Flagstar Bancorp, Inc. (NYSE:FBC) has risen 29.09% since May 18, 2017 and is uptrending. It has outperformed by 17.54% the S&P500.

Analysts await Flagstar Bancorp, Inc. (NYSE:FBC) to report earnings on July, 24. They expect $0.85 EPS, up 19.72 % or $0.14 from last year’s $0.71 per share. FBC’s profit will be $48.82 million for 10.05 P/E if the $0.85 EPS becomes a reality. After $0.60 actual EPS reported by Flagstar Bancorp, Inc. for the previous quarter, Wall Street now forecasts 41.67 % EPS growth.

Flagstar Bancorp, Inc. (NYSE:FBC) Ratings Coverage

Among 7 analysts covering Flagstar Bancorp (NYSE:FBC), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Flagstar Bancorp had 10 analyst reports since December 21, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained Flagstar Bancorp, Inc. (NYSE:FBC) on Thursday, December 21 with “Hold” rating. The firm has “Buy” rating given on Friday, April 6 by Piper Jaffray. The stock of Flagstar Bancorp, Inc. (NYSE:FBC) earned “Buy” rating by Piper Jaffray on Tuesday, January 23. FBR Capital maintained the stock with “Buy” rating in Wednesday, December 27 report. The stock of Flagstar Bancorp, Inc. (NYSE:FBC) earned “Outperform” rating by Wedbush on Thursday, April 12. As per Tuesday, April 24, the company rating was maintained by Sandler O’Neill. On Wednesday, February 21 the stock rating was maintained by FBR Capital with “Buy”. FBR Capital maintained the shares of FBC in report on Wednesday, January 24 with “Buy” rating. The firm has “Buy” rating given on Wednesday, December 27 by Boenning & Scattergood. The stock has “Buy” rating by Compass Point on Monday, May 14.

More news for Flagstar Bancorp, Inc. (NYSE:FBC) were recently published by: Seekingalpha.com, which released: “Flagstar Bancorp’s (FBC) CEO Sandro DiNello on Q1 2018 Results – Earnings Call Transcript” on April 26, 2018. Globenewswire.com‘s article titled: “Consolidated Research: 2018 Summary Expectations for AdvanSix, Flagstar, CalAmp, Agree Realty, Cowen Group …” and published on April 27, 2018 is yet another important article.

Flagstar Bancorp, Inc. operates as a savings and loan holding firm for Flagstar Bank, FSB that provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company has market cap of $1.96 billion. The Company’s Community Banking segment offers various products, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer and commercial loans, home builder finance loans, and warehouse lines of credit. It has a 31.36 P/E ratio. It also provides other financial services to consumer and commercial customers, including lines of credit; revolving credit; treasury management solutions; equipment leasing; inventory and accounts receivable lending; and capital markets services comprising interest rate risk protection products.

Flagstar Bancorp, Inc. (NYSE:FBC) Institutional Positions Chart

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