Flagstar Bancorp, Inc. (FBC) Expected to Post Earnings of $0.71 Per Share
Equities analysts predict that Flagstar Bancorp, Inc. (NYSE:FBC) will announce $0.71 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for Flagstar Bancorp’s earnings, with estimates ranging from $0.68 to $0.72. Flagstar Bancorp posted earnings of $0.69 per share in the same quarter last year, which suggests a positive year over year growth rate of 2.9%. The company is scheduled to issue its next quarterly earnings results on Tuesday, October 24th.
On average, analysts expect that Flagstar Bancorp will report full year earnings of $2.38 per share for the current year, with EPS estimates ranging from $2.35 to $2.39. For the next financial year, analysts anticipate that the business will post earnings of $2.68 per share, with EPS estimates ranging from $2.65 to $2.70. Zacks Investment Research’s 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 announced its quarterly earnings data on Tuesday, July 25th. The savings and loans company reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.09. The firm had revenue of $97 million during the quarter, compared to the consensus estimate of $87.95 million. Flagstar Bancorp had a net margin of 16.52% and a return on equity of 10.15%. The firm’s revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share.
FBC has been the subject of a number of analyst reports. TheStreet raised shares of Flagstar Bancorp from a “c+” rating to a “b” rating in a research note on Wednesday, May 17th. ValuEngine raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. FBR & Co reissued an “outperform” rating and set a $35.00 target price (up from $32.00) on shares of Flagstar Bancorp in a research note on Wednesday, July 26th. Finally, BidaskClub raised shares of Flagstar Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Flagstar Bancorp presently has a consensus rating of “Buy” and a consensus target price of $35.20.
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Shares of Flagstar Bancorp (NYSE:FBC) traded up 0.12% during midday trading on Friday, reaching $32.86. 87,314 shares of the company were exchanged. Flagstar Bancorp has a 52-week low of $25.06 and a 52-week high of $33.44. The company’s 50-day moving average price is $31.61 and its 200 day moving average price is $29.77. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 12.59 and a beta of 0.87.
Hedge funds have recently modified their holdings of the company. US Bancorp DE raised its stake in shares of Flagstar Bancorp by 0.5% in the second quarter. US Bancorp DE now owns 4,205 shares of the savings and loans company’s stock worth $130,000 after buying an additional 23 shares in the last quarter. UBS Group AG raised its stake in shares of Flagstar Bancorp by 0.7% in the first quarter. UBS Group AG now owns 11,500 shares of the savings and loans company’s stock worth $324,000 after buying an additional 83 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Flagstar Bancorp by 4.5% in the second quarter. Legal & General Group Plc now owns 5,183 shares of the savings and loans company’s stock worth $159,000 after buying an additional 225 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Flagstar Bancorp by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 17,411 shares of the savings and loans company’s stock worth $536,000 after buying an additional 376 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Flagstar Bancorp by 2.1% in the second quarter. Rhumbline Advisers now owns 27,702 shares of the savings and loans company’s stock worth $854,000 after buying an additional 568 shares in the last quarter. 96.25% of the stock is owned by institutional investors.
Flagstar Bancorp Company Profile
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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