Zacks: Analysts Anticipate Flagstar Bancorp, Inc. (FBC) to Announce $0.70 Earnings Per Share
Equities analysts forecast that Flagstar Bancorp, Inc. (NYSE:FBC) will post $0.70 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Flagstar Bancorp’s earnings. The lowest EPS estimate is $0.68 and the highest is $0.72. Flagstar Bancorp reported earnings of $0.69 per share in the same quarter last year, which suggests a positive year over year growth rate of 1.4%. The company is expected 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 $2.41. For the next fiscal year, analysts expect that the business will report earnings of $2.69 per share, with EPS estimates ranging from $2.65 to $2.75. Zacks’ EPS calculations 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, July 25th. The savings and loans company reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.09. The business had revenue of $97.00 million for the quarter, compared to analyst estimates of $87.95 million. Flagstar Bancorp had a return on equity of 10.15% and a net margin of 16.52%. Flagstar Bancorp’s quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 EPS.
A number of brokerages recently commented on FBC. Zacks Investment Research lowered Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. BidaskClub raised Flagstar Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Raymond James Financial, Inc. began coverage on Flagstar Bancorp in a research report on Thursday, August 31st. They issued an “outperform” rating and a $36.00 target price for the company. Boenning Scattergood reaffirmed a “buy” rating on shares of Flagstar Bancorp in a research report on Tuesday, June 13th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $35.00 target price (up from $32.00) on shares of Flagstar Bancorp in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $35.80.
A number of institutional investors and hedge funds have recently modified their holdings of FBC. US Bancorp DE increased its holdings 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. increased its holdings 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 increased its holdings 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. Victory Capital Management Inc. increased its holdings 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. Finally, Legal & General Group Plc increased its holdings 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. 96.25% of the stock is owned by hedge funds and other institutional investors.
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Flagstar Bancorp (FBC) opened at 33.66 on Wednesday. Flagstar Bancorp has a 1-year low of $25.06 and a 1-year high of $33.97. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 12.90 and a beta of 0.86. The firm has a 50-day moving average price of $32.30 and a 200-day moving average price of $30.17.
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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