Equities analysts expect that Flagstar Bancorp Inc (NYSE:FBC) will report $0.58 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for Flagstar Bancorp’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.52. Flagstar Bancorp posted earnings of $0.46 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 26.1%. The firm is expected to announce its next quarterly earnings report on Tuesday, April 24th.
On average, analysts expect that Flagstar Bancorp will report full year earnings of $3.27 per share for the current year, with EPS estimates ranging from $3.18 to $3.30. For the next fiscal year, analysts expect that the business will post earnings of $3.65 per share, with EPS estimates ranging from $3.53 to $3.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Flagstar Bancorp.
Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings results on Tuesday, January 23rd. The savings and loans company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. Flagstar Bancorp had a net margin of 6.32% and a return on equity of 10.14%. The business had revenue of $107.00 million for the quarter, compared to analysts’ expectations of $103.91 million. During the same period in the prior year, the company posted $0.49 EPS. The business’s revenue for the quarter was up 23.0% on a year-over-year basis.
A number of equities analysts have recently weighed in on FBC shares. B. Riley reaffirmed a “buy” rating and set a $42.00 price target on shares of Flagstar Bancorp in a research note on Wednesday, December 27th. Boenning Scattergood set a $40.00 price target on shares of Flagstar Bancorp and gave the stock a “buy” rating in a research note on Wednesday, December 27th. ValuEngine raised shares of Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. FBR & Co reaffirmed a “buy” rating and set a $42.00 price target (up from $35.00) on shares of Flagstar Bancorp in a research note on Wednesday, October 25th. Finally, Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Flagstar Bancorp has an average rating of “Buy” and a consensus target price of $39.57.
In related news, COO Lee Matthew Smith sold 3,000 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $37.48, for a total value of $112,440.00. Following the sale, the chief operating officer now directly owns 75,835 shares of the company’s stock, valued at approximately $2,842,295.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 63.00% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of FBC. SG Americas Securities LLC acquired a new stake in Flagstar Bancorp in the 3rd quarter valued at about $144,000. Legal & General Group Plc grew its stake in Flagstar Bancorp by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 5,183 shares of the savings and loans company’s stock valued at $159,000 after acquiring an additional 225 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in Flagstar Bancorp in the 3rd quarter valued at about $291,000. Cubist Systematic Strategies LLC acquired a new stake in Flagstar Bancorp in the 2nd quarter valued at about $314,000. Finally, Voya Investment Management LLC grew its stake in Flagstar Bancorp by 14.9% in the 2nd quarter. Voya Investment Management LLC now owns 11,586 shares of the savings and loans company’s stock valued at $357,000 after acquiring an additional 1,504 shares during the last quarter. 97.55% of the stock is currently owned by hedge funds and other institutional investors.
Flagstar Bancorp (FBC) traded down $0.54 during trading hours on Friday, hitting $37.19. 97,507 shares of the stock were exchanged, compared to its average volume of 190,354. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.80 and a current ratio of 1.36. Flagstar Bancorp has a fifty-two week low of $25.37 and a fifty-two week high of $40.06. The firm has a market cap of $2,131.77, a PE ratio of 15.06 and a beta of 1.20.
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Flagstar Bancorp Company Profile
Flagstar Bancorp, Inc is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB. It operates through four segments: Community Banking, Mortgage Originations, Mortgage Servicing, and Other. Through Mortgage Originations segment, it originates, acquires and sells one- to four-family residential mortgage loans.
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