Equities analysts predict that Flagstar Bancorp Inc (NYSE:FBC) will announce $229.63 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Flagstar Bancorp’s earnings. The lowest sales estimate is $226.00 million and the highest is $232.00 million. Flagstar Bancorp posted sales of $183.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 25.5%. The firm is scheduled to report its next quarterly earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that Flagstar Bancorp will report full year sales of $229.63 million for the current year, with estimates ranging from $976.00 million to $1.01 billion. For the next financial year, analysts anticipate that the company will post sales of $1.08 billion per share, with estimates ranging from $1.05 billion to $1.09 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that follow Flagstar Bancorp.
Flagstar Bancorp (NYSE:FBC) last released its earnings results on Tuesday, January 23rd. The savings and loans company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. Flagstar Bancorp had a return on equity of 10.14% and a net margin of 6.32%. The business had revenue of $107.00 million for the quarter, compared to the consensus estimate of $103.91 million. During the same period in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year.
Several equities research analysts have commented on FBC shares. Boenning Scattergood set a $40.00 target price on Flagstar Bancorp and gave the stock a “buy” rating in a report on Tuesday, November 14th. B. Riley reissued a “buy” rating and issued a $42.00 target price on shares of Flagstar Bancorp in a report on Tuesday, November 14th. ValuEngine raised Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research downgraded Flagstar Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Flagstar Bancorp currently has an average rating of “Buy” and an average price target of $39.57.
Flagstar Bancorp (FBC) traded down $0.26 during trading on Monday, reaching $36.39. The company’s stock had a trading volume of 67,880 shares, compared to its average volume of 167,507. 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 twelve month low of $26.31 and a twelve month high of $40.06. The company has a market capitalization of $2,080.76, a P/E ratio of 14.70 and a beta of 1.22.
In other news, COO Lee Matthew Smith sold 3,000 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $37.48, for a total transaction of $112,440.00. Following the transaction, the chief operating officer now directly owns 75,835 shares of the company’s stock, valued at $2,842,295.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 63.00% of the company’s stock.
Several large investors have recently made changes to their positions in FBC. EJF Capital LLC lifted its holdings in shares of Flagstar Bancorp by 57.8% during the third quarter. EJF Capital LLC now owns 1,183,841 shares of the savings and loans company’s stock valued at $42,003,000 after purchasing an additional 433,841 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Flagstar Bancorp by 30.3% during the fourth quarter. Renaissance Technologies LLC now owns 662,012 shares of the savings and loans company’s stock valued at $24,772,000 after purchasing an additional 153,800 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Flagstar Bancorp by 4.7% during the third quarter. Dimensional Fund Advisors LP now owns 3,249,040 shares of the savings and loans company’s stock valued at $115,276,000 after purchasing an additional 146,882 shares in the last quarter. Jacobs Asset Management LLC lifted its holdings in shares of Flagstar Bancorp by 55.7% during the third quarter. Jacobs Asset Management LLC now owns 325,000 shares of the savings and loans company’s stock valued at $11,531,000 after purchasing an additional 116,310 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Flagstar Bancorp by 117.3% during the fourth quarter. American Century Companies Inc. now owns 182,339 shares of the savings and loans company’s stock valued at $6,823,000 after purchasing an additional 98,438 shares in the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.
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Flagstar Bancorp Company Profile
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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