Flagstar Bancorp Inc (NYSE:FBC) – Investment analysts at B. Riley cut their Q3 2019 EPS estimates for Flagstar Bancorp in a research report issued on Thursday, June 13th. B. Riley analyst S. Moss now forecasts that the savings and loans company will post earnings of $0.92 per share for the quarter, down from their prior estimate of $1.00. B. Riley also issued estimates for Flagstar Bancorp’s Q4 2019 earnings at $0.82 EPS, Q1 2020 earnings at $0.64 EPS, Q2 2020 earnings at $1.02 EPS, Q3 2020 earnings at $1.12 EPS, Q4 2020 earnings at $1.03 EPS and FY2020 earnings at $3.80 EPS.
Flagstar Bancorp (NYSE:FBC) last posted its earnings results on Tuesday, April 23rd. The savings and loans company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Flagstar Bancorp had a net margin of 16.38% and a return on equity of 11.60%. The business had revenue of $235.00 million for the quarter, compared to analyst estimates of $230.70 million. During the same period last year, the business posted $0.60 EPS.
Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Piper Jaffray Companies lowered shares of Flagstar Bancorp from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $37.00 to $35.00 in a research note on Thursday, April 25th. ValuEngine lowered shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. TheStreet upgraded shares of Flagstar Bancorp from a “c+” rating to a “b-” rating in a research note on Wednesday, February 27th. Finally, Raymond James set a $37.00 target price on shares of Flagstar Bancorp and gave the company a “buy” rating in a research note on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $37.40.
NYSE:FBC opened at $31.59 on Friday. Flagstar Bancorp has a 1 year low of $25.30 and a 1 year high of $36.22. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 2.44. The firm has a market capitalization of $1.80 billion, a P/E ratio of 10.40 and a beta of 1.27.
A number of institutional investors have recently modified their holdings of FBC. Texas Permanent School Fund lifted its holdings in shares of Flagstar Bancorp by 1.6% during the 1st quarter. Texas Permanent School Fund now owns 19,545 shares of the savings and loans company’s stock worth $643,000 after acquiring an additional 312 shares during the period. Boston Advisors LLC lifted its holdings in shares of Flagstar Bancorp by 1.2% during the 1st quarter. Boston Advisors LLC now owns 35,973 shares of the savings and loans company’s stock worth $1,184,000 after acquiring an additional 410 shares during the period. Bank of Montreal Can lifted its holdings in shares of Flagstar Bancorp by 36.8% during the 4th quarter. Bank of Montreal Can now owns 1,746 shares of the savings and loans company’s stock worth $46,000 after acquiring an additional 470 shares during the period. Loomis Sayles & Co. L P bought a new position in shares of Flagstar Bancorp during the 1st quarter worth about $25,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of Flagstar Bancorp during the 4th quarter worth about $29,000. 98.70% of the stock is owned by hedge funds and other institutional investors.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Friday, May 31st. Flagstar Bancorp’s dividend payout ratio (DPR) is presently 5.30%.
About Flagstar Bancorp
Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial and consumer banking services to individuals and businesses in the United States. Its Community Banking segment offers various products, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer and commercial loans, commercial real estate loans, equipment finance and leasing, home builder finance loans, and warehouse lines of credit.
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