$373.55 Million in Sales Expected for Flagstar Bancorp, Inc. (NYSE:FBC) This Quarter

Analysts expect Flagstar Bancorp, Inc. (NYSE:FBCGet Rating) to report sales of $373.55 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Flagstar Bancorp’s earnings. The highest sales estimate is $391.10 million and the lowest is $356.00 million. Flagstar Bancorp reported sales of $435.00 million during the same quarter last year, which indicates a negative year-over-year growth rate of 14.1%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Flagstar Bancorp will report full year sales of $1.48 billion for the current year, with estimates ranging from $1.44 billion to $1.52 billion. For the next fiscal year, analysts expect that the company will report sales of $0.00. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Flagstar Bancorp.

Flagstar Bancorp (NYSE:FBCGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The savings and loans company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.37). Flagstar Bancorp had a net margin of 28.73% and a return on equity of 22.27%. During the same quarter in the prior year, the company earned $3.31 EPS.

FBC has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, March 7th. B. Riley cut their target price on shares of Flagstar Bancorp from $76.00 to $64.00 in a research note on Tuesday, April 12th. Finally, StockNews.com began coverage on shares of Flagstar Bancorp in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $55.00.

In other Flagstar Bancorp news, EVP James Ciroli acquired 5,000 shares of the company’s stock in a transaction dated Thursday, April 28th. The shares were acquired at an average cost of $36.52 per share, with a total value of $182,600.00. Following the acquisition, the executive vice president now directly owns 69,632 shares of the company’s stock, valued at $2,542,960.64. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.10% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System lifted its position in shares of Flagstar Bancorp by 2.3% during the third quarter. State Board of Administration of Florida Retirement System now owns 9,201 shares of the savings and loans company’s stock worth $467,000 after purchasing an additional 210 shares in the last quarter. Captrust Financial Advisors raised its holdings in Flagstar Bancorp by 15.1% during the third quarter. Captrust Financial Advisors now owns 1,745 shares of the savings and loans company’s stock worth $89,000 after purchasing an additional 229 shares in the last quarter. Fieldpoint Private Securities LLC grew its position in shares of Flagstar Bancorp by 41.4% during the third quarter. Fieldpoint Private Securities LLC now owns 820 shares of the savings and loans company’s stock worth $42,000 after acquiring an additional 240 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Flagstar Bancorp by 1.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 24,290 shares of the savings and loans company’s stock worth $1,164,000 after acquiring an additional 256 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of Flagstar Bancorp by 12.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,300 shares of the savings and loans company’s stock worth $110,000 after acquiring an additional 262 shares during the last quarter. 93.35% of the stock is owned by institutional investors and hedge funds.

NYSE:FBC opened at $35.30 on Friday. The company’s 50 day moving average price is $42.16 and its 200-day moving average price is $46.21. Flagstar Bancorp has a 52 week low of $35.17 and a 52 week high of $56.77. The company has a quick ratio of 0.79, a current ratio of 1.17 and a debt-to-equity ratio of 1.43. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 3.54 and a beta of 1.49.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 19th. Shareholders of record on Monday, May 9th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, May 6th. Flagstar Bancorp’s dividend payout ratio is presently 2.41%.

Flagstar Bancorp Company Profile (Get Rating)

Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial and consumer banking services to consumer, commercial, and government customers in the United States. It operates in three segments: Community Banking, Mortgage Originations, and Mortgage Servicing.

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