Analysts Expect Flagstar Bancorp Inc (FBC) Will Post Earnings of $0.58 Per Share

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.

ILLEGAL ACTIVITY NOTICE: This report was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://ledgergazette.com/2018/02/12/analysts-expect-flagstar-bancorp-inc-fbc-will-post-earnings-of-0-58-per-share.html.

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.

Get a free copy of the Zacks research report on Flagstar Bancorp (FBC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Flagstar Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flagstar Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply