Brokerages forecast that Flagstar Bancorp Inc (NYSE:FBC) will announce $218.60 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Flagstar Bancorp’s earnings, with estimates ranging from $213.00 million to $221.00 million. Flagstar Bancorp posted sales of $185.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 18.2%. The business is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, January 23rd.
On average, analysts expect that Flagstar Bancorp will report full-year sales of $218.60 million for the current fiscal year, with estimates ranging from $842.00 million to $850.00 million. For the next financial year, analysts forecast that the firm will post sales of $951.73 million per share, with estimates ranging from $939.00 million to $964.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Flagstar Bancorp.
Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings data on Tuesday, October 24th. The savings and loans company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.01. Flagstar Bancorp had a return on equity of 9.77% and a net margin of 14.56%. The firm had revenue of $103.00 million for the quarter, compared to analysts’ expectations of $100.80 million. During the same period last year, the business posted $0.96 earnings per share. The firm’s revenue for the quarter was up 28.8% on a year-over-year basis.
A number of research analysts have recently commented on the company. Piper Jaffray Companies reissued a “buy” rating and set a $40.00 price target on shares of Flagstar Bancorp in a report on Thursday, October 19th. B. Riley reiterated a “buy” rating and issued a $42.00 price target on shares of Flagstar Bancorp in a research report on Tuesday, November 14th. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Tuesday, September 26th. Boenning Scattergood restated a “buy” rating on shares of Flagstar Bancorp in a research report on Thursday, October 26th. Finally, FBR & Co reaffirmed a “buy” rating and set a $42.00 price target (up from $35.00) on shares of Flagstar Bancorp in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $39.57.
Shares of Flagstar Bancorp (NYSE:FBC) opened at $38.75 on Friday. The firm has a market capitalization of $2,230.00, a price-to-earnings ratio of 16.49 and a beta of 1.05. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 4.04. Flagstar Bancorp has a 52-week low of $25.06 and a 52-week high of $39.50.
In other news, COO Lee Matthew Smith sold 3,000 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $36.60, for a total transaction of $109,800.00. Following the completion of the sale, the chief operating officer now owns 70,254 shares in the company, valued at $2,571,296.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 63.00% of the company’s stock.
Large investors have recently bought and sold shares of the business. EJF Capital LLC boosted its position in shares of Flagstar Bancorp by 57.8% during the third quarter. EJF Capital LLC now owns 1,183,841 shares of the savings and loans company’s stock worth $42,003,000 after buying an additional 433,841 shares during the period. Dimensional Fund Advisors LP boosted its position in Flagstar Bancorp by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,102,158 shares of the savings and loans company’s stock valued at $95,609,000 after purchasing an additional 232,925 shares during the last quarter. Jacobs Asset Management LLC raised its stake in Flagstar Bancorp by 55.7% in the third quarter. Jacobs Asset Management LLC now owns 325,000 shares of the savings and loans company’s stock valued at $11,531,000 after buying an additional 116,310 shares during the period. American Century Companies Inc. bought a new stake in Flagstar Bancorp in the third quarter valued at approximately $2,977,000. Finally, Teachers Advisors LLC raised its stake in Flagstar Bancorp by 16.3% in the second quarter. Teachers Advisors LLC now owns 456,739 shares of the savings and loans company’s stock valued at $14,077,000 after buying an additional 63,963 shares during the period. 97.53% of the stock is owned by hedge funds and other institutional investors.
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Flagstar Bancorp Company Profile
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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