Analysts expect Flagstar Bancorp Inc (NYSE:FBC) to announce $0.85 earnings per share for the current quarter, according to Zacks. Five analysts have issued estimates for Flagstar Bancorp’s earnings, with the highest EPS estimate coming in at $0.86 and the lowest estimate coming in at $0.84. Flagstar Bancorp posted earnings of $0.70 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 21.4%. The company is scheduled to issue its next earnings report before the market opens on Tuesday, October 23rd.
According to Zacks, analysts expect that Flagstar Bancorp will report full-year earnings of $3.05 per share for the current financial year, with EPS estimates ranging from $2.99 to $3.11. For the next fiscal year, analysts expect that the company will report earnings of $3.48 per share, with EPS estimates ranging from $3.45 to $3.58. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Flagstar Bancorp.
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings data on Tuesday, July 24th. The savings and loans company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The firm had revenue of $238.00 million during the quarter, compared to the consensus estimate of $243.68 million. Flagstar Bancorp had a net margin of 7.31% and a return on equity of 11.13%.
A number of equities research analysts have issued reports on the company. B. Riley raised their target price on Flagstar Bancorp from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. ValuEngine cut Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, September 14th. Zacks Investment Research cut Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Keefe, Bruyette & Woods upgraded Flagstar Bancorp from a “market perform” rating to an “outperform” rating in a research note on Wednesday, June 27th. Finally, Sandler O’Neill reiterated a “buy” rating and issued a $41.00 target price on shares of Flagstar Bancorp in a research note on Thursday, July 26th. Two analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $41.43.
In other Flagstar Bancorp news, COO Lee Matthew Smith sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $31.43, for a total value of $94,290.00. Following the sale, the chief operating officer now directly owns 90,630 shares in the company, valued at $2,848,500.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 9,000 shares of company stock worth $299,340 over the last quarter. 62.90% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in Flagstar Bancorp in the first quarter valued at $120,000. NumerixS Investment Technologies Inc bought a new stake in shares of Flagstar Bancorp during the second quarter valued at about $159,000. Jane Street Group LLC bought a new stake in shares of Flagstar Bancorp during the first quarter valued at about $229,000. Personal Capital Advisors Corp bought a new stake in shares of Flagstar Bancorp during the second quarter valued at about $247,000. Finally, Citadel Advisors LLC bought a new stake in shares of Flagstar Bancorp during the first quarter valued at about $282,000. Institutional investors own 93.77% of the company’s stock.
FBC stock opened at $28.52 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.86 and a debt-to-equity ratio of 3.81. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 11.55 and a beta of 0.99. Flagstar Bancorp has a 1 year low of $28.18 and a 1 year high of $40.06.
Flagstar Bancorp Company Profile
Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial, small business, and consumer banking services to individuals and businesses in the United States. Its Community Banking segment offers various products, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer and commercial loans, commercial real estate loans, equipment finance and leasing, home builder finance loans, and warehouse lines of credit.
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