$352.35 Million in Sales Expected for Flagstar Bancorp, Inc. (NYSE:FBC) This Quarter

Analysts expect Flagstar Bancorp, Inc. (NYSE:FBC – Get Rating) to report $352.35 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Flagstar Bancorp’s earnings, with the highest sales estimate coming in at $355.70 million and the lowest estimate coming in at $349.00 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 19%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Flagstar Bancorp will report full year sales of $1.38 billion for the current year, with estimates ranging from $1.36 billion to $1.41 billion. For the next financial year, analysts expect that the business will report sales of $1.37 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Flagstar Bancorp.

Flagstar Bancorp (NYSE:FBC – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The savings and loans company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.32). The business had revenue of $325.00 million during the quarter, compared to the consensus estimate of $172.63 million. Flagstar Bancorp had a return on equity of 16.92% and a net margin of 26.33%. During the same quarter in the prior year, the company posted $3.31 earnings per share.

A number of brokerages recently issued reports on FBC. B. Riley decreased their price objective on shares of Flagstar Bancorp from $76.00 to $64.00 in a report on Tuesday, April 12th. Zacks Investment Research cut shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, May 5th. Finally, StockNews.com began coverage on shares of Flagstar Bancorp in a report on Thursday, March 31st. They set a “hold” rating for the company.

In other news, EVP James Ciroli purchased 5,000 shares of the firm’s stock in a transaction on Thursday, April 28th. The stock was bought at an average cost of $36.52 per share, for a total transaction of $182,600.00. Following the completion of the acquisition, the executive vice president now directly owns 69,632 shares of the company’s stock, valued at $2,542,960.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.60% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Fieldpoint Private Securities LLC raised 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 valued at $42,000 after buying an additional 240 shares during the last quarter. Marshall Wace LLP acquired a new position in Flagstar Bancorp in the fourth quarter worth about $50,000. UMB Bank N A MO acquired a new position in Flagstar Bancorp in the fourth quarter worth about $58,000. Captrust Financial Advisors raised its position in Flagstar Bancorp by 15.1% in 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. Finally, Public Employees Retirement System of Ohio raised its position in Flagstar Bancorp by 12.9% in 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 purchasing an additional 262 shares in the last quarter. 92.75% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:FBC opened at $35.60 on Friday. The stock has a market capitalization of $1.90 billion, a PE ratio of 4.36 and a beta of 1.51. Flagstar Bancorp has a 1 year low of $33.02 and a 1 year high of $56.77. The firm has a fifty day moving average price of $39.41 and a 200 day moving average price of $44.49. The company has a current ratio of 1.05, a quick ratio of 0.78 and a debt-to-equity ratio of 0.66.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 19th. Shareholders of record on Monday, May 9th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Friday, May 6th. Flagstar Bancorp’s dividend payout ratio (DPR) is 2.94%.

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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