$352.35 Million in Sales Expected for Flagstar Bancorp, Inc. (NYSE:FBC) This Quarter

Analysts expect Flagstar Bancorp, Inc. (NYSE:FBCGet Rating) to post $352.35 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Flagstar Bancorp’s earnings. The highest sales estimate is $355.70 million and the lowest is $349.00 million. Flagstar Bancorp reported sales of $435.00 million in the same quarter last year, which would suggest a negative year over year growth rate of 19%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Flagstar Bancorp will report full-year sales of $1.38 billion for the current year, with estimates ranging from $1.36 billion to $1.41 billion. For the next financial year, analysts anticipate that the business will post sales of $1.37 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Flagstar Bancorp.

Flagstar Bancorp (NYSE:FBCGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The savings and loans company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.32). The company had revenue of $325.00 million during the quarter, compared to analysts’ expectations of $172.63 million. Flagstar Bancorp had a net margin of 26.33% and a return on equity of 16.92%. During the same period last year, the firm posted $3.31 earnings per share.

A number of equities research analysts have recently issued reports on the stock. B. Riley reduced their price target on shares of Flagstar Bancorp from $76.00 to $64.00 in a research note on Tuesday, April 12th. Zacks Investment Research downgraded shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, May 5th. Finally, StockNews.com assumed coverage on shares of Flagstar Bancorp in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

In other news, EVP James Ciroli purchased 5,000 shares of the stock in a transaction on Thursday, April 28th. The stock was bought at an average price of $36.52 per share, for a total transaction of $182,600.00. Following the acquisition, the executive vice president now directly owns 69,632 shares of the company’s stock, valued at approximately $2,542,960.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Flagstar Bancorp by 508.2% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 69,892 shares of the savings and loans company’s stock worth $2,963,000 after acquiring an additional 58,400 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Flagstar Bancorp in the 1st quarter valued at $237,000. Royal Bank of Canada boosted its holdings in shares of Flagstar Bancorp by 1,048.8% in the 1st quarter. Royal Bank of Canada now owns 105,838 shares of the savings and loans company’s stock valued at $4,488,000 after buying an additional 96,625 shares in the last quarter. Sarissa Consulting LLC acquired a new position in shares of Flagstar Bancorp in the 1st quarter valued at $256,000. Finally, EHP Funds Inc. acquired a new position in shares of Flagstar Bancorp in the 1st quarter valued at $4,637,000. Institutional investors own 92.75% of the company’s stock.

Shares of Flagstar Bancorp stock traded up $1.06 on Friday, reaching $37.03. The company had a trading volume of 636,204 shares, compared to its average volume of 547,466. The firm’s 50 day moving average price is $39.26 and its two-hundred day moving average price is $44.35. The firm has a market cap of $1.97 billion, a PE ratio of 4.41 and a beta of 1.51. Flagstar Bancorp has a 52-week low of $33.02 and a 52-week high of $56.77. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.78 and a current ratio of 1.05.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 19th. Investors of record on Monday, May 9th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Friday, May 6th. Flagstar Bancorp’s payout ratio is currently 2.94%.

About Flagstar Bancorp (Get Rating)

Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial and consumer banking services to consumer, commercial, and government customers in the United States. It operates in three segments: Community Banking, Mortgage Originations, and Mortgage Servicing.

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