Equities research analysts forecast that Flagstar Bancorp, Inc. (NYSE:FBC) will report sales of $494.53 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Flagstar Bancorp’s earnings, with the highest sales estimate coming in at $498.30 million and the lowest estimate coming in at $490.00 million. Flagstar Bancorp reported sales of $305.00 million during the same quarter last year, which would suggest a positive year over year growth rate of 62.1%. The business is scheduled to report its next quarterly earnings results on Tuesday, April 27th.
According to Zacks, analysts expect that Flagstar Bancorp will report full year sales of $1.76 billion for the current financial year, with estimates ranging from $1.71 billion to $1.81 billion. For the next year, analysts forecast that the firm will report sales of $1.56 billion, with estimates ranging from $1.55 billion to $1.57 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Flagstar Bancorp.
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings results on Wednesday, January 20th. The savings and loans company reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.47. Flagstar Bancorp had a net margin of 22.44% and a return on equity of 22.68%. The business had revenue of $526.00 million for the quarter, compared to analyst estimates of $497.73 million.
A number of equities research analysts have issued reports on FBC shares. Zacks Investment Research downgraded shares of Flagstar Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 29th. Raymond James increased their price objective on shares of Flagstar Bancorp from $56.00 to $60.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 25th. Compass Point increased their price objective on shares of Flagstar Bancorp from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, December 17th. Finally, B. Riley increased their price objective on shares of Flagstar Bancorp from $46.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 22nd. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $49.67.
NYSE:FBC traded down $0.60 during mid-day trading on Monday, reaching $44.54. 5,739 shares of the company’s stock were exchanged, compared to its average volume of 626,377. The firm has a market capitalization of $2.35 billion, a PE ratio of 5.75 and a beta of 1.79. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.83 and a current ratio of 1.22. Flagstar Bancorp has a one year low of $18.67 and a one year high of $51.58. The business’s fifty day simple moving average is $45.92 and its two-hundred day simple moving average is $39.33.
The business also recently declared a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Monday, March 1st were paid a $0.06 dividend. This is an increase from Flagstar Bancorp’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Friday, February 26th. Flagstar Bancorp’s dividend payout ratio (DPR) is presently 6.94%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its holdings in Flagstar Bancorp by 5.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,853 shares of the savings and loans company’s stock valued at $173,000 after buying an additional 325 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Flagstar Bancorp by 2.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 21,980 shares of the savings and loans company’s stock valued at $651,000 after buying an additional 469 shares during the last quarter. Sigma Planning Corp raised its holdings in Flagstar Bancorp by 8.4% in the 4th quarter. Sigma Planning Corp now owns 10,246 shares of the savings and loans company’s stock valued at $418,000 after buying an additional 790 shares during the last quarter. Aperio Group LLC raised its holdings in Flagstar Bancorp by 5.5% in the 4th quarter. Aperio Group LLC now owns 18,537 shares of the savings and loans company’s stock valued at $756,000 after buying an additional 962 shares during the last quarter. Finally, IndexIQ Advisors LLC raised its holdings in Flagstar Bancorp by 11.5% in the 4th quarter. IndexIQ Advisors LLC now owns 10,562 shares of the savings and loans company’s stock valued at $431,000 after buying an additional 1,090 shares during the last quarter. Institutional investors own 95.76% of the company’s stock.
Flagstar Bancorp Company Profile
Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial 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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