$0.64 EPS Expected for Flagstar Bancorp, Inc. (FBC) This Quarter
Wall Street brokerages expect Flagstar Bancorp, Inc. (NYSE:FBC) to post earnings of $0.64 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Flagstar Bancorp’s earnings, with the highest EPS estimate coming in at $0.69 and the lowest estimate coming in at $0.59. Flagstar Bancorp posted earnings per share of $0.66 in the same quarter last year, which would suggest a negative year-over-year growth rate of 3%. The company is expected to report its next earnings results on Tuesday, July 25th.
On average, analysts expect that Flagstar Bancorp will report full-year earnings of $2.29 per share for the current fiscal year, with EPS estimates ranging from $2.24 to $2.33. For the next year, analysts forecast that the business will post earnings of $2.63 per share, with EPS estimates ranging from $2.52 to $2.68. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Flagstar Bancorp.
Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings data on Tuesday, April 25th. The savings and loans company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.10. The company had revenue of $183 million for the quarter, compared to the consensus estimate of $172.90 million. Flagstar Bancorp had a net margin of 17.51% and a return on equity of 10.74%. During the same quarter in the prior year, the firm earned $0.54 earnings per share.
FBC has been the subject of several research reports. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. FBR & Co restated an “outperform” rating on shares of Flagstar Bancorp in a research note on Tuesday, April 25th. Stephens initiated coverage on shares of Flagstar Bancorp in a research note on Thursday, March 23rd. They set an “equal weight” rating for the company. BidaskClub upgraded shares of Flagstar Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Finally, ValuEngine upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $30.90.
Institutional investors have recently bought and sold shares of the stock. US Bancorp DE boosted its position in Flagstar Bancorp by 130.5% in the first quarter. US Bancorp DE now owns 4,182 shares of the savings and loans company’s stock valued at $118,000 after buying an additional 2,368 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Flagstar Bancorp by 20.1% in the first quarter. Advisors Asset Management Inc. now owns 4,229 shares of the savings and loans company’s stock valued at $119,000 after buying an additional 707 shares in the last quarter. Victory Capital Management Inc. boosted its position in Flagstar Bancorp by 30.0% in the first quarter. Victory Capital Management Inc. now owns 5,247 shares of the savings and loans company’s stock valued at $148,000 after buying an additional 1,212 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new position in Flagstar Bancorp during the first quarter valued at about $203,000. Finally, Airain ltd purchased a new position in Flagstar Bancorp during the first quarter valued at about $303,000. Hedge funds and other institutional investors own 96.37% of the company’s stock.
Shares of Flagstar Bancorp (NYSE:FBC) traded down 0.48% on Friday, reaching $30.82. 119,859 shares of the company were exchanged. The firm’s 50 day moving average price is $29.92 and its 200 day moving average price is $28.23. Flagstar Bancorp has a 52 week low of $24.09 and a 52 week high of $31.57. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 11.96 and a beta of 0.90.
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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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