Brokerages expect Flagstar Bancorp Inc (NYSE:FBC) to announce earnings per share (EPS) of $0.96 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Flagstar Bancorp’s earnings. The lowest EPS estimate is $0.89 and the highest is $1.01. Flagstar Bancorp posted earnings per share of $0.72 in the same quarter last year, which would suggest a positive year-over-year growth rate of 33.3%. The company is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, January 28th.
According to Zacks, analysts expect that Flagstar Bancorp will report full-year earnings of $3.47 per share for the current financial year. For the next year, analysts forecast that the firm will post earnings of $3.84 per share, with EPS estimates ranging from $3.70 to $4.00. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Flagstar Bancorp.
Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings results on Tuesday, October 22nd. The savings and loans company reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.07. Flagstar Bancorp had a return on equity of 11.20% and a net margin of 16.36%. The company had revenue of $146.00 million during the quarter, compared to the consensus estimate of $144.51 million. During the same period in the previous year, the company posted $0.85 earnings per share. Flagstar Bancorp’s revenue for the quarter was up 17.7% on a year-over-year basis.
FBC has been the subject of a number of analyst reports. ValuEngine downgraded Flagstar Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, November 1st. Raymond James boosted their price objective on Flagstar Bancorp from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. B. Riley boosted their price objective on Flagstar Bancorp from $38.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Zacks Investment Research cut Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Flagstar Bancorp has an average rating of “Hold” and a consensus price target of $40.25.
In related news, major shareholder Mp Thrift Investments L.P. sold 6,100,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $35.96, for a total transaction of $219,356,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Alessandro Dinello purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were purchased at an average price of $37.31 per share, with a total value of $37,310.00. The disclosure for this purchase can be found here. 49.90% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Nuveen Asset Management LLC grew its holdings in Flagstar Bancorp by 15.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,436,503 shares of the savings and loans company’s stock valued at $47,605,000 after buying an additional 190,825 shares in the last quarter. Bayview Asset Management LLC lifted its stake in shares of Flagstar Bancorp by 18.5% in the 3rd quarter. Bayview Asset Management LLC now owns 1,176,635 shares of the savings and loans company’s stock valued at $43,947,000 after purchasing an additional 184,057 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Flagstar Bancorp by 7.8% in the 2nd quarter. Renaissance Technologies LLC now owns 536,161 shares of the savings and loans company’s stock valued at $17,768,000 after purchasing an additional 38,812 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Flagstar Bancorp by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 418,413 shares of the savings and loans company’s stock valued at $13,866,000 after purchasing an additional 11,339 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Flagstar Bancorp by 1.5% in the 2nd quarter. Northern Trust Corp now owns 377,082 shares of the savings and loans company’s stock valued at $12,496,000 after purchasing an additional 5,589 shares during the last quarter. Hedge funds and other institutional investors own 97.62% of the company’s stock.
Shares of NYSE:FBC opened at $37.81 on Wednesday. Flagstar Bancorp has a 12-month low of $28.34 and a 12-month high of $40.00. The company has a market capitalization of $2.14 billion, a PE ratio of 12.52 and a beta of 1.27. The business has a 50 day moving average of $37.86 and a two-hundred day moving average of $36.34. The company has a current ratio of 1.12, a quick ratio of 0.81 and a debt-to-equity ratio of 2.00.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Friday, November 29th. Flagstar Bancorp’s dividend payout ratio (DPR) is presently 5.30%.
About Flagstar Bancorp
Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial and consumer banking services to individuals and businesses in the United States. Its Community Banking segment offers various products, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer and commercial loans, commercial real estate loans, equipment finance and leasing, home builder finance loans, and warehouse lines of credit.
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