Equities analysts predict that Flagstar Bancorp, Inc. (NYSE:FBC) will announce $232.58 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Flagstar Bancorp’s earnings. The highest sales estimate is $234.00 million and the lowest is $231.30 million. Flagstar Bancorp reported sales of $236.00 million during the same quarter last year, which would indicate a negative year over year growth rate of 1.4%. The company is expected to issue its next earnings results before the market opens on Tuesday, October 24th.
According to Zacks, analysts expect that Flagstar Bancorp will report full-year sales of $232.58 million for the current financial year, with estimates ranging from $833.00 million to $843.40 million. For the next financial year, analysts expect that the firm will report sales of $936.33 million per share, with estimates ranging from $918.00 million to $958.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Flagstar Bancorp.
Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings results on Tuesday, July 25th. The savings and loans company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.09. The firm had revenue of $97.00 million during the quarter, compared to analysts’ expectations of $87.95 million. Flagstar Bancorp had a net margin of 16.52% and a return on equity of 10.15%. Flagstar Bancorp’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 EPS.
FBC has been the subject of several recent research reports. Zacks Investment Research lowered shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Piper Jaffray Companies reiterated a “buy” rating and set a $35.00 target price on shares of Flagstar Bancorp in a research note on Monday, August 28th. ValuEngine upgraded shares of Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $35.80.
Hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE raised its holdings in Flagstar Bancorp by 130.5% during the 1st quarter. US Bancorp DE now owns 4,182 shares of the savings and loans company’s stock worth $118,000 after buying an additional 2,368 shares during the period. BNP Paribas Arbitrage SA raised its holdings in Flagstar Bancorp by 105.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,281 shares of the savings and loans company’s stock worth $132,000 after buying an additional 2,193 shares during the period. Victory Capital Management Inc. raised its holdings in Flagstar Bancorp by 30.0% during the 1st quarter. Victory Capital Management Inc. now owns 5,247 shares of the savings and loans company’s stock worth $148,000 after buying an additional 1,212 shares during the period. Advisors Asset Management Inc. raised its holdings in Flagstar Bancorp by 13.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 4,811 shares of the savings and loans company’s stock worth $148,000 after buying an additional 582 shares during the period. Finally, Legal & General Group Plc raised its holdings in Flagstar Bancorp by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 5,183 shares of the savings and loans company’s stock worth $159,000 after buying an additional 225 shares during the period. Hedge funds and other institutional investors own 96.25% of the company’s stock.
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About Flagstar Bancorp
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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