Flagstar Bancorp (NYSE:FBC) is scheduled to be releasing its earnings data before the market opens on Monday, January 22nd. Analysts expect Flagstar Bancorp to post earnings of $0.52 per share for the quarter.
Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.77%. The company had revenue of $103.00 million during the quarter, compared to analysts’ expectations of $100.80 million. During the same quarter in the previous year, the business posted $0.96 EPS. The firm’s revenue was up 28.8% on a year-over-year basis. On average, analysts expect Flagstar Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Flagstar Bancorp (NYSE FBC) opened at $39.14 on Friday. 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 twelve month low of $25.06 and a twelve month high of $39.50. The company has a market cap of $2,240.00, a P/E ratio of 16.66 and a beta of 1.05.
In other news, COO Lee Matthew Smith sold 3,000 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $36.60, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 63.00% of the company’s stock.
Several research firms have commented on FBC. B. Riley reiterated a “buy” rating and set a $42.00 price target on shares of Flagstar Bancorp in a 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 target for the company in a report on Thursday, October 26th. Boenning Scattergood set a $40.00 price target on shares of Flagstar Bancorp and gave the stock a “buy” rating in a report on Wednesday, December 27th. ValuEngine upgraded shares of Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, FBR & Co reiterated a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Flagstar Bancorp in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $39.57.
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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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