Analysts predict that Flagstar Bancorp Inc (NYSE:FBC) will report earnings of $0.86 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Flagstar Bancorp’s earnings. The highest EPS estimate is $0.89 and the lowest is $0.85. Flagstar Bancorp reported earnings per share of $0.70 in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.9%. The company is expected to issue its next earnings report on Tuesday, October 23rd.

On average, analysts expect that Flagstar Bancorp will report full-year earnings of $3.06 per share for the current financial year, with EPS estimates ranging from $2.99 to $3.13. For the next financial year, analysts anticipate that the firm will report earnings of $3.52 per share, with EPS estimates ranging from $3.45 to $3.72. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Flagstar Bancorp.

Flagstar Bancorp (NYSE:FBC) last posted its earnings results on Tuesday, July 24th. The savings and loans company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The business had revenue of $238.00 million for the quarter, compared to analysts’ expectations of $243.68 million. Flagstar Bancorp had a net margin of 7.31% and a return on equity of 11.13%.

Several analysts have weighed in on FBC shares. B. Riley boosted their target price on shares of Flagstar Bancorp from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. ValuEngine lowered shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, September 14th. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, May 29th. Sandler O’Neill upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, June 7th. Finally, Keefe, Bruyette & Woods upgraded shares of Flagstar Bancorp from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. Flagstar Bancorp currently has a consensus rating of “Buy” and a consensus price target of $41.57.

FBC opened at $31.19 on Wednesday. The company has a debt-to-equity ratio of 3.81, a quick ratio of 0.86 and a current ratio of 1.29. Flagstar Bancorp has a 12-month low of $30.82 and a 12-month high of $40.06. The firm has a market capitalization of $1.80 billion, a P/E ratio of 12.63 and a beta of 0.98.

In related news, COO Lee Matthew Smith sold 3,000 shares of the stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $33.72, for a total value of $101,160.00. Following the completion of the transaction, the chief operating officer now owns 93,630 shares in the company, valued at approximately $3,157,203.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 62.90% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp grew its position in Flagstar Bancorp by 32.4% in the 2nd quarter. Northern Trust Corp now owns 350,673 shares of the savings and loans company’s stock valued at $12,015,000 after buying an additional 85,817 shares in the last quarter. Bank of New York Mellon Corp grew its position in Flagstar Bancorp by 14.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 153,114 shares of the savings and loans company’s stock valued at $5,246,000 after buying an additional 18,811 shares in the last quarter. Verition Fund Management LLC bought a new position in Flagstar Bancorp in the 2nd quarter valued at about $772,000. Jane Street Group LLC grew its position in Flagstar Bancorp by 33.8% in the 2nd quarter. Jane Street Group LLC now owns 8,657 shares of the savings and loans company’s stock valued at $297,000 after buying an additional 2,186 shares in the last quarter. Finally, Millennium Management LLC grew its position in Flagstar Bancorp by 13,039.2% in the 2nd quarter. Millennium Management LLC now owns 843,798 shares of the savings and loans company’s stock valued at $28,909,000 after buying an additional 837,376 shares in the last quarter. Hedge funds and other institutional investors own 93.77% of the company’s stock.

Flagstar Bancorp Company Profile

Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial, small business, and consumer banking services to individuals and businesses in the United States. Its Community Banking segment offers various products, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer and commercial loans, commercial real estate loans, equipment finance and leasing, home builder finance loans, and warehouse lines of credit.

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

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