Analysts Anticipate Flagstar Bancorp, Inc. (FBC) Will Post Earnings of $0.71 Per Share

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.

TRADEMARK VIOLATION NOTICE: This story was first published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://www.truebluetribune.com/2017/09/04/analysts-anticipate-flagstar-bancorp-inc-fbc-will-post-earnings-of-0-71-per-share.html.

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.

Get a free copy of the Zacks research report on Flagstar Bancorp (FBC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Flagstar Bancorp (NYSE:FBC)

Receive News & Ratings for Flagstar Bancorp Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Flagstar Bancorp Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

sixteen − sixteen =