Flagstar Bancorp (FBC) Scheduled to Post Earnings on Monday

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.

COPYRIGHT VIOLATION WARNING: “Flagstar Bancorp (FBC) Scheduled to Post Earnings on Monday” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/01/20/flagstar-bancorp-fbc-scheduled-to-post-earnings-on-monday.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.

Earnings History 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.

Leave a Reply