Wall Street analysts forecast that Flagstar Bancorp Inc (NYSE:FBC) will post sales of $229.98 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Flagstar Bancorp’s earnings. The highest sales estimate is $233.00 million and the lowest is $226.00 million. Flagstar Bancorp reported sales of $183.00 million in the same quarter last year, which indicates a positive year over year growth rate of 25.7%. The business is expected to announce its next quarterly earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that Flagstar Bancorp will report full year sales of $229.98 million for the current financial year, with estimates ranging from $976.00 million to $1.03 billion. For the next year, analysts forecast that the business will report sales of $1.08 billion per share, with estimates ranging from $1.04 billion to $1.12 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Flagstar Bancorp.
Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings results on Tuesday, January 23rd. The savings and loans company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. Flagstar Bancorp had a return on equity of 10.16% and a net margin of 6.32%. The company had revenue of $107.00 million during 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. Flagstar Bancorp’s revenue for the quarter was up 23.0% on a year-over-year basis.
A number of research analysts have issued reports on the company. ValuEngine raised Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Boenning Scattergood set a $40.00 price target on Flagstar Bancorp and gave the company a “buy” rating in a report on Wednesday, December 27th. Zacks Investment Research downgraded Flagstar Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, B. Riley reissued a “buy” rating on shares of Flagstar Bancorp in a report on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Flagstar Bancorp currently has an average rating of “Buy” and a consensus price target of $39.57.
Flagstar Bancorp stock opened at $36.35 on Thursday. Flagstar Bancorp has a twelve month low of $26.31 and a twelve month high of $40.06. The stock has a market capitalization of $2,100.25, a P/E ratio of 14.83 and a beta of 1.22. The company has a debt-to-equity ratio of 4.40, a current ratio of 1.38 and a quick ratio of 0.87.
In other news, COO Lee Matthew Smith sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $35.96, for a total value of $107,880.00. Following the completion of the sale, the chief operating officer now directly owns 72,835 shares in the company, valued at $2,619,146.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 63.00% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of FBC. SG Americas Securities LLC purchased a new stake in shares of Flagstar Bancorp in the third quarter valued at approximately $144,000. Macquarie Group Ltd. purchased a new stake in shares of Flagstar Bancorp in the third quarter valued at approximately $291,000. Teacher Retirement System of Texas purchased a new stake in shares of Flagstar Bancorp in the fourth quarter valued at approximately $293,000. USA Financial Portformulas Corp purchased a new stake in shares of Flagstar Bancorp in the fourth quarter valued at approximately $296,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Flagstar Bancorp in the fourth quarter valued at approximately $342,000. Institutional investors and hedge funds own 97.22% of the company’s stock.
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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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