Analysts expect that Flagstar Bancorp, Inc. (NYSE:FBC) will announce earnings of $0.71 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Flagstar Bancorp’s earnings. The highest EPS estimate is $0.72 and the lowest is $0.68. Flagstar Bancorp posted earnings per share of $0.69 during the same quarter last year, which would indicate a positive year over year growth rate of 2.9%. The firm is scheduled to report its next earnings results on Tuesday, October 24th.
According to Zacks, analysts expect that Flagstar Bancorp will report full-year earnings of $2.38 per share for the current financial year, with EPS estimates ranging from $2.35 to $2.39. For the next fiscal year, analysts expect that the business will post earnings of $2.68 per share, with EPS estimates ranging from $2.65 to $2.70. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Flagstar Bancorp.
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings results on Tuesday, July 25th. The savings and loans company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.09. Flagstar Bancorp had a return on equity of 10.15% and a net margin of 16.52%. The company had revenue of $97 million for the quarter, compared to analyst estimates of $87.95 million. During the same quarter in the prior year, the firm posted $0.66 EPS. Flagstar Bancorp’s quarterly revenue was up 26.0% compared to the same quarter last year.
A number of equities research analysts have recently weighed in on the company. ValuEngine raised Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Friday. Raymond James Financial, Inc. assumed coverage on Flagstar Bancorp in a research note on Thursday. They issued an “outperform” rating and a $36.00 price objective for the company. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Flagstar Bancorp in a research note on Monday, August 28th. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Wednesday, August 23rd. Finally, BidaskClub cut Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $35.20.
Flagstar Bancorp (FBC) traded up 0.12% during mid-day trading on Friday, reaching $32.86. The company had a trading volume of 87,408 shares. The stock has a 50 day moving average of $31.68 and a 200 day moving average of $29.80. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 12.59 and a beta of 0.86. Flagstar Bancorp has a 52 week low of $25.06 and a 52 week high of $33.44.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE grew its stake in Flagstar Bancorp by 130.5% during the 1st quarter. US Bancorp DE now owns 4,182 shares of the savings and loans company’s stock worth $118,000 after purchasing an additional 2,368 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Flagstar Bancorp by 20.1% during the 1st quarter. Advisors Asset Management Inc. now owns 4,229 shares of the savings and loans company’s stock worth $119,000 after purchasing an additional 707 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Flagstar Bancorp by 105.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,281 shares of the savings and loans company’s stock worth $132,000 after purchasing an additional 2,193 shares in the last quarter. Legal & General Group Plc grew its stake in Flagstar Bancorp by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 5,183 shares of the savings and loans company’s stock worth $159,000 after purchasing an additional 225 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Flagstar Bancorp by 30.0% during the 1st quarter. Victory Capital Management Inc. now owns 5,247 shares of the savings and loans company’s stock worth $148,000 after purchasing an additional 1,212 shares in the last quarter. 96.25% of the stock is owned by hedge funds and other institutional investors.
About Flagstar Bancorp
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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