$218.60 Million in Sales Expected for Flagstar Bancorp Inc (FBC) This Quarter
Brokerages expect that Flagstar Bancorp Inc (NYSE:FBC) will report sales of $218.60 million for the current fiscal quarter, according to Zacks. Four analysts have made 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 posted sales of $185.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 18.2%. The company is scheduled to announce its next quarterly earnings results 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 year, analysts anticipate that the firm will post sales of $951.73 million per share, with estimates ranging from $939.00 million to $964.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Flagstar Bancorp.
Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.01. The company had revenue of $103.00 million for the quarter, compared to the consensus estimate of $100.80 million. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.77%. The company’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 earnings per share.
In other Flagstar Bancorp news, COO Lee Matthew Smith sold 3,000 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $36.60, for a total transaction of $109,800.00. Following the transaction, the chief operating officer now owns 70,254 shares of the company’s stock, valued at $2,571,296.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 63.00% of the company’s stock.
A number of large investors have recently bought and sold shares of FBC. EJF Capital LLC raised its stake in 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 during the period. Federated Investors Inc. PA raised its stake in 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 during the period. Dimensional Fund Advisors LP raised its stake in 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 during the period. Jacobs Asset Management LLC raised its stake in 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 during the period. Finally, ClariVest Asset Management LLC raised its stake in 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 during the period. 97.55% of the stock is currently owned by institutional investors.
Flagstar Bancorp (NYSE FBC) opened at $37.42 on Friday. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.80 and a current ratio of 1.36. The stock has a market cap of $2,139.75, a P/E ratio of 15.86 and a beta of 1.05. Flagstar Bancorp has a one year low of $25.06 and a one year high of $38.79.
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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