Zacks: Analysts Expect Flagstar Bancorp Inc (FBC) to Announce $0.58 Earnings Per Share
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.
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.
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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.
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