Zacks: Brokerages Expect Flagstar Bancorp Inc (FBC) to Announce $0.60 Earnings Per Share

Analysts predict that Flagstar Bancorp Inc (NYSE:FBC) will announce earnings per share (EPS) of $0.60 for the current quarter, Zacks reports. Four analysts have made estimates for Flagstar Bancorp’s earnings. The lowest EPS estimate is $0.52 and the highest is $0.66. Flagstar Bancorp reported earnings of $0.46 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 30.4%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, April 24th.

According to Zacks, analysts expect that Flagstar Bancorp will report full-year earnings of $3.21 per share for the current fiscal year, with EPS estimates ranging from $2.74 to $3.32. For the next year, analysts forecast that the company will post earnings of $3.61 per share, with EPS estimates ranging from $3.05 to $3.93. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Flagstar Bancorp.

Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings data on Tuesday, January 23rd. The savings and loans company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $107.00 million during the quarter, compared to analyst estimates of $103.91 million. Flagstar Bancorp had a net margin of 17.17% and a return on equity of 11.22%. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the business earned $0.49 EPS.

Several research analysts have issued reports on FBC shares. B. Riley restated a “buy” rating on shares of Flagstar Bancorp in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Thursday, October 26th. Boenning Scattergood set a $40.00 price target on shares of Flagstar Bancorp and gave the stock a “buy” rating in a report on Wednesday, December 27th. Piper Jaffray Companies restated a “buy” rating and set a $40.00 price target on shares of Flagstar Bancorp in a report on Thursday, October 19th. Finally, ValuEngine lowered shares of Flagstar Bancorp from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Flagstar Bancorp currently has an average rating of “Buy” and an average price target of $39.57.

Shares of Flagstar Bancorp (NYSE FBC) traded up $0.30 during midday trading on Friday, reaching $37.72. 145,023 shares of the company were exchanged, compared to its average volume of 181,065. The company has a market cap of $2,144.96, a price-to-earnings ratio of 34.93 and a beta of 1.05. Flagstar Bancorp has a 1-year low of $25.37 and a 1-year high of $40.06. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 4.04.

In other Flagstar Bancorp news, COO Lee Matthew Smith sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $37.48, for a total transaction of $112,440.00. Following the completion of the transaction, the chief operating officer now owns 75,835 shares in the company, valued at approximately $2,842,295.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 63.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in FBC. EJF Capital LLC raised its holdings in Flagstar Bancorp by 57.8% during the 3rd 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 last quarter. Dimensional Fund Advisors LP increased its stake in shares of Flagstar Bancorp by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,102,158 shares of the savings and loans company’s stock valued at $95,609,000 after acquiring an additional 232,925 shares in the last quarter. Jacobs Asset Management LLC increased its stake in shares of Flagstar Bancorp by 55.7% in the 3rd quarter. Jacobs Asset Management LLC now owns 325,000 shares of the savings and loans company’s stock valued at $11,531,000 after acquiring an additional 116,310 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Flagstar Bancorp in the 3rd quarter valued at $2,977,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Flagstar Bancorp by 9.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 629,571 shares of the savings and loans company’s stock valued at $19,401,000 after acquiring an additional 52,696 shares in the last quarter. Hedge funds and other institutional investors own 97.53% of the company’s stock.

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

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