Analysts Anticipate Flagstar Bancorp Inc (FBC) Will Post Earnings of $0.58 Per Share

Wall Street analysts predict that Flagstar Bancorp Inc (NYSE:FBC) will announce $0.58 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Flagstar Bancorp’s earnings, with estimates ranging from $0.52 to $0.64. Flagstar Bancorp posted earnings of $0.46 per share during the same quarter last year, which would suggest a positive year over year growth rate of 26.1%. The company is expected to announce its next earnings report on Tuesday, April 24th.

According to Zacks, analysts expect that Flagstar Bancorp will report full year earnings of $3.26 per share for the current fiscal year, with EPS estimates ranging from $3.18 to $3.30. For the next financial year, analysts anticipate that the business will post earnings of $3.66 per share, with EPS estimates ranging from $3.53 to $3.70. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Flagstar Bancorp.

Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings data on Tuesday, January 23rd. The savings and loans company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. The firm had revenue of $107.00 million for the quarter, compared to analyst estimates of $103.91 million. Flagstar Bancorp had a net margin of 6.32% and a return on equity of 10.14%. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share.

A number of analysts have recently weighed in on FBC shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $40.00 price objective on shares of Flagstar Bancorp in a research note on Thursday, October 19th. FBR & Co restated a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Flagstar Bancorp in a research report on Wednesday, October 25th. Boenning Scattergood restated a “buy” rating on shares of Flagstar Bancorp in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Thursday, October 26th. Finally, B. Riley restated a “buy” rating on shares of Flagstar Bancorp in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $39.57.

Flagstar Bancorp (NYSE:FBC) traded up $0.53 during trading hours on Wednesday, hitting $35.71. 102,400 shares of the stock were exchanged, compared to its average volume of 187,668. The firm has a market capitalization of $2,020.00, a price-to-earnings ratio of 33.37 and a beta of 1.20. Flagstar Bancorp has a 1 year low of $26.31 and a 1 year high of $40.06. The company has a debt-to-equity ratio of 4.04, a current ratio of 1.36 and a quick ratio of 0.80.

In related news, COO Lee Matthew Smith sold 3,000 shares of the firm’s stock in a transaction 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 sale, the chief operating officer now owns 75,835 shares in the company, valued at $2,842,295.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 63.00% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in FBC. Schwab Charles Investment Management Inc. grew its position in Flagstar Bancorp by 0.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 91,471 shares of the savings and loans company’s stock valued at $2,820,000 after buying an additional 769 shares during the period. Wells Fargo & Company MN lifted its holdings in Flagstar Bancorp by 11.8% during the second quarter. Wells Fargo & Company MN now owns 34,853 shares of the savings and loans company’s stock valued at $1,074,000 after purchasing an additional 3,691 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Flagstar Bancorp by 42.9% during the second quarter. Alliancebernstein L.P. now owns 33,300 shares of the savings and loans company’s stock valued at $1,026,000 after purchasing an additional 9,990 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Flagstar Bancorp by 15.9% during the second quarter. TIAA CREF Investment Management LLC now owns 117,729 shares of the savings and loans company’s stock valued at $3,628,000 after purchasing an additional 16,176 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in Flagstar Bancorp by 9.3% during the second quarter. New York State Common Retirement Fund now owns 23,500 shares of the savings and loans company’s stock valued at $724,000 after purchasing an additional 1,999 shares in the last quarter. Institutional investors own 97.45% of the company’s stock.

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

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