Flagstar Bancorp (NYSE:FBC) announced its quarterly earnings data on Monday. The savings and loans company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04, Bloomberg Earnings reports. The firm had revenue of $107.00 million during the quarter, compared to analysts’ expectations of $103.91 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 23.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 earnings per share.
Flagstar Bancorp (NYSE FBC) opened at $38.98 on Tuesday. The firm has a market cap of $2,238.08, a price-to-earnings ratio of 16.52 and a beta of 1.05. Flagstar Bancorp has a 52 week low of $25.06 and a 52 week high of $39.50. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.80 and a current ratio of 1.36.
A number of analysts have recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $42.00 price objective on shares of Flagstar Bancorp in a research note on Wednesday, December 27th. Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Thursday, October 26th. Boenning Scattergood set a $40.00 price objective on shares of Flagstar Bancorp and gave the stock a “buy” rating in a research note on Wednesday, December 27th. ValuEngine raised shares of Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, FBR & Co reissued a “buy” rating and issued a $42.00 price objective (up from $35.00) on shares of Flagstar Bancorp in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $39.57.
TRADEMARK VIOLATION NOTICE: This story was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.americanbankingnews.com/2018/01/23/flagstar-bancorp-fbc-releases-earnings-results-beats-expectations-by-0-04-eps.html.
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.
Receive News & Ratings for Flagstar Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flagstar Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.