Wall Street analysts predict that Flagstar Bancorp Inc (NYSE:FBC) will announce $0.58 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Flagstar Bancorp’s earnings, with estimates ranging from $0.52 to $0.64. Flagstar Bancorp posted earnings of $0.46 per share during the same quarter last year, which would suggest a positive year over year growth rate of 26.1%. The company is expected to announce its next earnings report on Tuesday, April 24th.

According to Zacks, analysts expect that Flagstar Bancorp will report full year earnings of $3.26 per share for the current fiscal year, with EPS estimates ranging from $3.18 to $3.30. For the next financial year, analysts anticipate that the business will post earnings of $3.66 per share, with EPS estimates ranging from $3.53 to $3.70. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Flagstar Bancorp.

Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings results on Tuesday, January 23rd. The savings and loans company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The company had revenue of $107.00 million for the quarter, compared to analyst estimates of $103.91 million. Flagstar Bancorp had a net margin of 6.32% and a return on equity of 10.14%. The firm’s revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the business earned $0.49 earnings per share.

Several analysts recently commented on the stock. Zacks Investment Research lowered shares of Flagstar Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine upgraded shares of Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. B. Riley restated a “buy” rating and set a $42.00 price target on shares of Flagstar Bancorp in a research report on Wednesday, January 24th. Boenning Scattergood set a $40.00 price target on shares of Flagstar Bancorp and gave the company a “buy” rating in a research report on Wednesday, December 27th. Finally, FBR & Co restated a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Flagstar Bancorp in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $39.57.

Flagstar Bancorp (NYSE FBC) traded up $0.53 during mid-day trading on Wednesday, reaching $35.71. 102,400 shares of the company traded hands, compared to its average volume of 187,668. The firm has a market capitalization of $2,020.00, a price-to-earnings ratio of 33.37 and a beta of 1.20. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 4.04. Flagstar Bancorp has a 52 week low of $26.31 and a 52 week high of $40.06.

In other news, COO Lee Matthew Smith sold 3,000 shares of Flagstar Bancorp stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $36.60, for a total value of $109,800.00. Following the sale, the chief operating officer now owns 70,254 shares in the company, valued at $2,571,296.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 63.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Flagstar Bancorp in the third quarter valued at about $144,000. Teacher Retirement System of Texas acquired a new stake in shares of Flagstar Bancorp in the fourth quarter valued at about $293,000. USA Financial Portformulas Corp acquired a new stake in shares of Flagstar Bancorp in the fourth quarter valued at about $296,000. Macquarie Group Ltd. acquired a new stake in shares of Flagstar Bancorp in the third quarter valued at about $291,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Flagstar Bancorp in the second quarter worth about $314,000. Institutional investors and hedge funds own 97.45% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.watchlistnews.com/zacks-analysts-expect-flagstar-bancorp-inc-fbc-to-announce-0-58-earnings-per-share/1866536.html.

About Flagstar Bancorp

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.