Wall Street brokerages expect Flagstar Bancorp Inc (NYSE:FBC) to announce earnings per share (EPS) of $0.52 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Flagstar Bancorp’s earnings, with estimates ranging from $0.48 to $0.54. Flagstar Bancorp reported earnings of $0.49 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.1%. The business is expected to report its next earnings results before the market opens on Tuesday, January 23rd.
According to Zacks, analysts expect that Flagstar Bancorp will report full year earnings of $2.40 per share for the current fiscal year, with EPS estimates ranging from $2.35 to $2.45. For the next financial year, analysts forecast that the firm will post earnings of $2.97 per share, with EPS estimates ranging from $2.65 to $3.32. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Flagstar Bancorp.
Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings data on Tuesday, October 24th. The savings and loans company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. Flagstar Bancorp had a return on equity of 9.77% and a net margin of 14.56%. The firm had revenue of $103.00 million for the quarter, compared to the consensus estimate of $100.80 million. During the same quarter in the prior year, the business earned $0.96 EPS. The business’s revenue for the quarter was up 28.8% compared to the same quarter last year.
A number of research analysts have recently weighed in on the company. ValuEngine raised Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. B. Riley restated a “buy” rating and issued a $42.00 price objective on shares of Flagstar Bancorp in a research report on Wednesday, December 27th. Boenning Scattergood set a $40.00 price objective on shares of Flagstar Bancorp and gave the company a “buy” rating in a research report on Wednesday, December 27th. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Thursday, October 26th. Finally, FBR & Co restated a “buy” rating and issued a $42.00 price objective (up previously from $35.00) on shares of Flagstar Bancorp in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $39.57.
Flagstar Bancorp (NYSE FBC) traded up $0.59 during trading hours on Thursday, reaching $39.24. The company’s stock had a trading volume of 174,600 shares, compared to its average volume of 193,340. Flagstar Bancorp has a 12-month low of $25.06 and a 12-month high of $39.36. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.80 and a current ratio of 1.36. The firm has a market cap of $2,240.00, a P/E ratio of 16.70 and a beta of 1.05.
In other Flagstar Bancorp news, COO Lee Matthew Smith sold 3,000 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $36.60, for a total transaction of $109,800.00. Following the completion of the transaction, the chief operating officer now owns 70,254 shares in the company, valued at approximately $2,571,296.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 63.00% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in FBC. Schwab Charles Investment Management Inc. grew its holdings in shares of Flagstar Bancorp by 0.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 91,471 shares of the savings and loans company’s stock valued at $2,820,000 after acquiring an additional 769 shares in the last quarter. First Trust Advisors LP lifted its stake in Flagstar Bancorp by 39.8% in the 2nd quarter. First Trust Advisors LP now owns 58,926 shares of the savings and loans company’s stock valued at $1,816,000 after purchasing an additional 16,772 shares during the last quarter. Rhumbline Advisers lifted its stake in Flagstar Bancorp by 2.1% in the 2nd quarter. Rhumbline Advisers now owns 27,702 shares of the savings and loans company’s stock valued at $854,000 after purchasing an additional 568 shares during the last quarter. Legal & General Group Plc lifted 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 purchasing an additional 225 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in Flagstar Bancorp by 105.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,281 shares of the savings and loans company’s stock valued at $132,000 after purchasing an additional 2,193 shares during the last quarter. Institutional investors own 97.53% of the company’s stock.
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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