Wall Street brokerages forecast that Flagstar Bancorp, Inc. (NYSE:FBC) will report $2.71 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Flagstar Bancorp’s earnings, with the highest EPS estimate coming in at $2.82 and the lowest estimate coming in at $2.60. Flagstar Bancorp posted earnings per share of $0.80 in the same quarter last year, which would suggest a positive year-over-year growth rate of 238.8%. The firm is expected to issue its next earnings report on Tuesday, April 27th.
On average, analysts expect that Flagstar Bancorp will report full-year earnings of $7.84 per share for the current year, with EPS estimates ranging from $7.35 to $8.86. For the next financial year, analysts forecast that the firm will post earnings of $5.59 per share, with EPS estimates ranging from $4.95 to $6.36. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Flagstar Bancorp.
Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings data on Wednesday, January 20th. The savings and loans company reported $2.83 EPS for the quarter, beating the consensus estimate of $2.36 by $0.47. The business had revenue of $526.00 million during the quarter, compared to the consensus estimate of $497.73 million. Flagstar Bancorp had a net margin of 22.44% and a return on equity of 22.68%.
FBC has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Flagstar Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 29th. Compass Point upped their target price on shares of Flagstar Bancorp from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, December 17th. B. Riley increased their target price on shares of Flagstar Bancorp from $46.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 22nd. Finally, Raymond James increased their target price on shares of Flagstar Bancorp from $56.00 to $60.00 and gave the company a “strong-buy” rating in a research report on Monday, January 25th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Flagstar Bancorp currently has a consensus rating of “Buy” and an average target price of $49.67.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Eudaimonia Partners LLC purchased a new stake in Flagstar Bancorp in the 3rd quarter worth approximately $289,000. Robeco Institutional Asset Management B.V. purchased a new stake in Flagstar Bancorp in the 4th quarter worth approximately $158,000. Point72 Hong Kong Ltd lifted its stake in Flagstar Bancorp by 457.8% in the 3rd quarter. Point72 Hong Kong Ltd now owns 4,128 shares of the savings and loans company’s stock worth $122,000 after purchasing an additional 3,388 shares in the last quarter. Diversified Trust Co purchased a new stake in Flagstar Bancorp in the 4th quarter worth approximately $201,000. Finally, Profund Advisors LLC purchased a new stake in Flagstar Bancorp in the 4th quarter worth approximately $211,000. Institutional investors and hedge funds own 95.76% of the company’s stock.
Shares of Flagstar Bancorp stock traded down $0.60 during trading on Friday, hitting $44.54. The company’s stock had a trading volume of 5,739 shares, compared to its average volume of 626,377. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.22 and a quick ratio of 0.83. Flagstar Bancorp has a 52 week low of $18.67 and a 52 week high of $51.58. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 5.75 and a beta of 1.79. The stock has a 50-day moving average price of $45.92 and a two-hundred day moving average price of $39.33.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Monday, March 1st were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 26th. This is an increase from Flagstar Bancorp’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 0.54%. Flagstar Bancorp’s dividend payout ratio (DPR) is 6.94%.
Flagstar Bancorp Company Profile
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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