Wall Street analysts expect Flagstar Bancorp, Inc. (NYSE:FBC) to report $218.60 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Flagstar Bancorp’s earnings, with the lowest sales estimate coming in at $213.00 million and the highest estimate coming in at $221.00 million. Flagstar Bancorp reported sales of $185.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 18.2%. The company is expected to announce its next quarterly earnings report on Tuesday, January 23rd.

According to Zacks, analysts expect that Flagstar Bancorp will report full-year sales of $218.60 million for the current year, with estimates ranging from $842.00 million to $850.00 million. For the next fiscal year, analysts expect that the company will post sales of $951.73 million per share, with estimates ranging from $939.00 million to $964.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Flagstar Bancorp.

Flagstar Bancorp (NYSE:FBC) last posted its earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The company had revenue of $103.00 million during the quarter, compared to analyst estimates of $100.80 million. Flagstar Bancorp had a return on equity of 9.77% and a net margin of 14.56%. Flagstar Bancorp’s revenue was up 28.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share.

A number of research firms have weighed in on FBC. Piper Jaffray Companies restated a “buy” rating and set a $40.00 target price on shares of Flagstar Bancorp in a report on Thursday, October 19th. B. Riley restated a “buy” rating and set a $42.00 target price on shares of Flagstar Bancorp in a report on Tuesday, November 14th. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Tuesday, September 26th. Raymond James Financial, Inc. began coverage on Flagstar Bancorp in a report on Thursday, August 31st. They set an “outperform” rating and a $36.00 target price for the company. Finally, Boenning Scattergood restated a “buy” rating on shares of Flagstar Bancorp in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $39.57.

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Several hedge funds have recently modified their holdings of FBC. EJF Capital LLC increased its position in shares of Flagstar Bancorp by 57.8% during the third quarter. EJF Capital LLC now owns 1,183,841 shares of the savings and loans company’s stock worth $42,003,000 after purchasing an additional 433,841 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of Flagstar Bancorp by 121.5% during the second quarter. Federated Investors Inc. PA now owns 443,162 shares of the savings and loans company’s stock worth $13,658,000 after purchasing an additional 243,052 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Flagstar Bancorp by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,102,158 shares of the savings and loans company’s stock worth $95,609,000 after purchasing an additional 232,925 shares in the last quarter. Jacobs Asset Management LLC increased its position in shares of Flagstar Bancorp by 55.7% during the third quarter. Jacobs Asset Management LLC now owns 325,000 shares of the savings and loans company’s stock worth $11,531,000 after purchasing an additional 116,310 shares in the last quarter. Finally, ClariVest Asset Management LLC increased its position in shares of Flagstar Bancorp by 63.8% during the second quarter. ClariVest Asset Management LLC now owns 295,048 shares of the savings and loans company’s stock worth $9,093,000 after purchasing an additional 114,902 shares in the last quarter. 97.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of Flagstar Bancorp (NYSE FBC) opened at $36.45 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 4.04. The firm has a market capitalization of $2,070.00, a price-to-earnings ratio of 15.20 and a beta of 1.01. Flagstar Bancorp has a twelve month low of $25.06 and a twelve month high of $38.26.

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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Earnings History and Estimates for Flagstar Bancorp (NYSE:FBC)

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