Flagstar Bancorp Inc (FBC) Expected to Post Earnings of $0.58 Per Share

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.

TRADEMARK VIOLATION NOTICE: This story was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/17/flagstar-bancorp-inc-fbc-expected-to-post-earnings-of-0-58-per-share.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.

Leave a Reply