Analysts predict that Flagstar Bancorp Inc (NYSE:FBC) will announce earnings per share (EPS) of $0.58 for the current quarter, Zacks reports. Four analysts have made estimates for Flagstar Bancorp’s earnings. The lowest EPS estimate is $0.52 and the highest is $0.64. Flagstar Bancorp reported earnings of $0.46 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 26.1%. The firm is scheduled to announce its next quarterly earnings results 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 year, analysts forecast that the company will post earnings of $3.66 per share, with EPS estimates ranging from $3.53 to $3.70. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Flagstar Bancorp.
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings results on Tuesday, January 23rd. The savings and loans company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $107.00 million for the quarter, compared to the consensus estimate of $103.91 million. Flagstar Bancorp had a net margin of 6.32% and a return on equity of 10.14%. Flagstar Bancorp’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS.
FBC has been the topic of a number of recent research reports. 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 report on Wednesday, October 25th. Boenning Scattergood restated a “buy” rating on shares of Flagstar Bancorp in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Thursday, October 26th. B. Riley restated a “buy” rating on shares of Flagstar Bancorp in a report on Wednesday, November 1st. Finally, ValuEngine upgraded shares of Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $39.57.
Flagstar Bancorp (NYSE:FBC) traded up $0.12 during trading on Wednesday, hitting $35.68. 139,642 shares of the stock were exchanged, compared to its average volume of 187,712. The company has a market cap of $2,038.34, a P/E ratio of 33.04 and a beta of 1.20. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 4.04. Flagstar Bancorp has a fifty-two week low of $26.31 and a fifty-two week high of $40.06.
In related news, COO Lee Matthew Smith sold 3,000 shares of Flagstar Bancorp 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 63.00% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in FBC. EJF Capital LLC raised its holdings in Flagstar Bancorp by 57.8% in the 3rd quarter. EJF Capital LLC now owns 1,183,841 shares of the savings and loans company’s stock worth $42,003,000 after acquiring an additional 433,841 shares during the period. Renaissance Technologies LLC raised its holdings in Flagstar Bancorp by 30.3% in the 4th quarter. Renaissance Technologies LLC now owns 662,012 shares of the savings and loans company’s stock worth $24,772,000 after acquiring an additional 153,800 shares during the period. Dimensional Fund Advisors LP raised its holdings in Flagstar Bancorp by 4.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,249,040 shares of the savings and loans company’s stock worth $115,276,000 after acquiring an additional 146,882 shares during the period. Jacobs Asset Management LLC raised its holdings in Flagstar Bancorp by 55.7% in the 3rd quarter. Jacobs Asset Management LLC now owns 325,000 shares of the savings and loans company’s stock worth $11,531,000 after acquiring an additional 116,310 shares during the period. Finally, American Century Companies Inc. raised its holdings in Flagstar Bancorp by 117.3% in the 4th quarter. American Century Companies Inc. now owns 182,339 shares of the savings and loans company’s stock worth $6,823,000 after acquiring an additional 98,438 shares during the period. Hedge funds and other institutional investors 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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