Zacks: Brokerages Anticipate Flagstar Bancorp, Inc. (NYSE:FBC) to Post $1.38 Earnings Per Share

Equities research analysts forecast that Flagstar Bancorp, Inc. (NYSE:FBCGet Rating) will report earnings of $1.38 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Flagstar Bancorp’s earnings. The lowest EPS estimate is $1.30 and the highest is $1.47. Flagstar Bancorp reported earnings of $2.74 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 49.6%. The company is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Flagstar Bancorp will report full-year earnings of $5.37 per share for the current year, with EPS estimates ranging from $5.25 to $5.49. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Flagstar Bancorp.

Flagstar Bancorp (NYSE:FBCGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The savings and loans company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by ($0.37). Flagstar Bancorp had a net margin of 26.33% and a return on equity of 17.10%. During the same quarter in the previous year, the firm posted $3.31 EPS.

A number of equities analysts have issued reports on the stock. 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 dropped their price objective on shares of Flagstar Bancorp from $76.00 to $64.00 in a research note on Tuesday, April 12th. Finally, StockNews.com assumed coverage on shares of Flagstar Bancorp in a report on Thursday, March 31st. They set 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. Based on data from MarketBeat, Flagstar Bancorp currently has an average rating of “Hold” and a consensus target price of $55.00.

FBC stock opened at $35.30 on Thursday. The firm’s 50-day moving average price is $42.16 and its two-hundred day moving average price is $46.16. Flagstar Bancorp has a 12-month low of $35.17 and a 12-month high of $56.77. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 4.33 and a beta of 1.49. The company has a current ratio of 1.17, a quick ratio of 0.79 and a debt-to-equity ratio of 1.43.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 19th. Stockholders of record on Monday, May 9th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, May 6th. Flagstar Bancorp’s dividend payout ratio is currently 2.94%.

In related news, EVP James Ciroli purchased 5,000 shares of Flagstar Bancorp stock in a transaction that occurred on Thursday, April 28th. The shares were bought at an average price of $36.52 per share, with a total value of $182,600.00. Following the purchase, the executive vice president now directly owns 69,632 shares of the company’s stock, valued at approximately $2,542,960.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.10% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund lifted its stake in shares of Flagstar Bancorp by 5.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 20,337 shares of the savings and loans company’s stock valued at $975,000 after purchasing an additional 989 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Flagstar Bancorp by 3.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,158 shares of the savings and loans company’s stock valued at $535,000 after purchasing an additional 320 shares during the period. Candriam Luxembourg S.C.A. acquired a new position in shares of Flagstar Bancorp in the 3rd quarter valued at $561,000. Wellington Management Group LLP lifted its stake in shares of Flagstar Bancorp by 31.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,005,508 shares of the savings and loans company’s stock valued at $51,060,000 after purchasing an additional 239,443 shares during the period. Finally, PEAK6 Investments LLC acquired a new position in shares of Flagstar Bancorp in the 3rd quarter valued at $1,632,000. Institutional investors and hedge funds own 93.35% of the company’s stock.

About Flagstar Bancorp (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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