Wall Street analysts forecast that Flagstar Bancorp Inc (NYSE:FBC) will announce earnings per share of $0.72 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Flagstar Bancorp’s earnings, with the highest EPS estimate coming in at $0.75 and the lowest estimate coming in at $0.69. Flagstar Bancorp posted earnings per share of $0.60 during the same quarter last year, which indicates a positive year over year growth rate of 20%. The business is expected to announce its next quarterly earnings results on Tuesday, January 22nd.
On average, analysts expect that Flagstar Bancorp will report full year earnings of $3.02 per share for the current financial year, with EPS estimates ranging from $2.98 to $3.05. For the next fiscal year, analysts expect that the company will report earnings of $3.43 per share, with EPS estimates ranging from $3.28 to $3.58. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Flagstar Bancorp.
Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings results on Tuesday, October 23rd. The savings and loans company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. Flagstar Bancorp had a return on equity of 11.79% and a net margin of 7.89%. The firm had revenue of $231.00 million for the quarter, compared to analysts’ expectations of $242.20 million. During the same period in the prior year, the business posted $0.70 earnings per share.
A number of equities analysts have commented on the company. Zacks Investment Research raised Flagstar Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 25th. Sandler O’Neill reissued a “buy” rating and issued a $41.00 price objective on shares of Flagstar Bancorp in a research note on Thursday, July 26th. ValuEngine lowered Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, September 14th. B. Riley boosted their price objective on Flagstar Bancorp from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Finally, Boenning Scattergood reissued a “buy” rating on shares of Flagstar Bancorp in a research note on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $41.50.
In other news, CEO Alessandro Dinello purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, October 24th. The shares were acquired at an average price of $29.08 per share, with a total value of $29,080.00. Following the completion of the purchase, the chief executive officer now directly owns 191,359 shares of the company’s stock, valued at approximately $5,564,719.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Lee Matthew Smith sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $31.43, for a total value of $94,290.00. Following the transaction, the chief operating officer now directly owns 90,630 shares in the company, valued at approximately $2,848,500.90. The disclosure for this sale can be found here. 62.90% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. NumerixS Investment Technologies Inc acquired a new position in shares of Flagstar Bancorp during the second quarter valued at $159,000. SG Americas Securities LLC lifted its stake in shares of Flagstar Bancorp by 57.8% during the second quarter. SG Americas Securities LLC now owns 5,370 shares of the savings and loans company’s stock valued at $184,000 after acquiring an additional 1,967 shares during the period. Jane Street Group LLC acquired a new position in shares of Flagstar Bancorp during the first quarter valued at $229,000. Personal Capital Advisors Corp acquired a new position in shares of Flagstar Bancorp during the second quarter valued at $247,000. Finally, Legal & General Group Plc lifted its stake in shares of Flagstar Bancorp by 57.8% during the first quarter. Legal & General Group Plc now owns 8,349 shares of the savings and loans company’s stock valued at $295,000 after acquiring an additional 3,059 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.
NYSE:FBC traded up $0.24 during trading hours on Tuesday, reaching $31.61. The company had a trading volume of 392,644 shares, compared to its average volume of 316,025. Flagstar Bancorp has a one year low of $28.18 and a one year high of $40.06. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 12.80 and a beta of 0.89. The company has a debt-to-equity ratio of 3.81, a current ratio of 1.29 and a quick ratio of 0.86.
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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