Zacks: Brokerages Anticipate Flagstar Bancorp Inc (FBC) to Announce $0.36 EPS
Brokerages predict that Flagstar Bancorp Inc (NYSE:FBC) will post $0.36 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Flagstar Bancorp’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.40. Flagstar Bancorp posted earnings of $0.54 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 33.3%. The company is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, April 25th.
According to Zacks, analysts expect that Flagstar Bancorp will report full-year earnings of $2.23 per share for the current fiscal year, with EPS estimates ranging from $2.15 to $2.30. For the next fiscal year, analysts forecast that the company will post earnings of $2.56 per share, with EPS estimates ranging from $2.38 to $2.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Flagstar Bancorp.
Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings results on Tuesday, January 24th. The savings and loans company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.55 by $0.06. Flagstar Bancorp had a net margin of 18.92% and a return on equity of 11.90%. The firm earned $87 million during the quarter, compared to analyst estimates of $80.87 million. During the same quarter in the previous year, the business posted $0.44 EPS. Flagstar Bancorp’s revenue for the quarter was up 14.5% compared to the same quarter last year.
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A number of brokerages have weighed in on FBC. Zacks Investment Research raised shares of Flagstar Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, March 13th. Stephens began coverage on shares of Flagstar Bancorp in a research note on Thursday, March 23rd. They issued an “equal weight” rating for the company. FBR & Co reaffirmed a “buy” rating on shares of Flagstar Bancorp in a research note on Tuesday, February 7th. Finally, Piper Jaffray Companies raised shares of Flagstar Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 target price for the company in a research note on Monday, February 13th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $28.71.
Shares of Flagstar Bancorp (NYSE:FBC) opened at 28.42 on Thursday. Flagstar Bancorp has a 52 week low of $21.78 and a 52 week high of $29.64. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 10.68 and a beta of 1.10. The firm has a 50 day moving average of $27.90 and a 200 day moving average of $27.44.
Several large investors have recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Flagstar Bancorp by 1.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,091,268 shares of the savings and loans company’s stock valued at $30,283,000 after buying an additional 16,992 shares in the last quarter. BlackRock Group LTD boosted its stake in shares of Flagstar Bancorp by 0.6% in the third quarter. BlackRock Group LTD now owns 75,856 shares of the savings and loans company’s stock valued at $2,106,000 after buying an additional 486 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Flagstar Bancorp by 23.7% in the third quarter. BlackRock Inc. now owns 39,208 shares of the savings and loans company’s stock valued at $1,088,000 after buying an additional 7,503 shares in the last quarter. BlackRock Advisors LLC boosted its stake in shares of Flagstar Bancorp by 20.8% in the third quarter. BlackRock Advisors LLC now owns 182,735 shares of the savings and loans company’s stock valued at $5,071,000 after buying an additional 31,501 shares in the last quarter. Finally, DIAM Co. Ltd. acquired a new stake in shares of Flagstar Bancorp during the third quarter valued at approximately $419,000. Institutional investors own 95.27% of the company’s stock.
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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