Flagstar Bancorp Inc (FBC) Expected to Post Earnings of $0.86 Per Share

Wall Street analysts expect that Flagstar Bancorp Inc (NYSE:FBC) will announce earnings per share (EPS) of $0.86 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Flagstar Bancorp’s earnings. The lowest EPS estimate is $0.85 and the highest is $0.89. Flagstar Bancorp reported earnings per share of $0.70 during the same quarter last year, which suggests a positive year-over-year growth rate of 22.9%. The business is expected to report its next quarterly earnings results on Tuesday, October 23rd.

According to Zacks, analysts expect that Flagstar Bancorp will report full-year earnings of $3.06 per share for the current year, with EPS estimates ranging from $2.99 to $3.13. For the next fiscal year, analysts forecast that the company will report earnings of $3.52 per share, with EPS estimates ranging from $3.45 to $3.72. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Flagstar Bancorp.

Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings results on Tuesday, July 24th. The savings and loans company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. Flagstar Bancorp had a net margin of 7.31% and a return on equity of 11.13%. The firm had revenue of $238.00 million during the quarter, compared to the consensus estimate of $243.68 million.

FBC has been the topic of several research reports. Zacks Investment Research lowered shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday. Boenning Scattergood reissued a “buy” rating and set a $41.00 price objective on shares of Flagstar Bancorp in a report on Wednesday, June 6th. Stephens reissued a “hold” rating on shares of Flagstar Bancorp in a report on Monday, June 11th. Sandler O’Neill reissued a “buy” rating and set a $41.00 price objective on shares of Flagstar Bancorp in a report on Thursday, July 26th. Finally, Keefe, Bruyette & Woods raised shares of Flagstar Bancorp from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $41.57.

In related news, COO Lee Matthew Smith sold 3,000 shares of Flagstar Bancorp stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $33.72, for a total transaction of $101,160.00. Following the transaction, the chief operating officer now directly owns 93,630 shares of the company’s stock, valued at $3,157,203.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 62.90% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN grew its holdings in Flagstar Bancorp by 232.1% in the second quarter. Wells Fargo & Company MN now owns 241,574 shares of the savings and loans company’s stock worth $8,277,000 after purchasing an additional 168,839 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Flagstar Bancorp in the second quarter worth $778,000. United Services Automobile Association grew its holdings in Flagstar Bancorp by 65.2% in the second quarter. United Services Automobile Association now owns 147,494 shares of the savings and loans company’s stock worth $5,053,000 after purchasing an additional 58,196 shares during the last quarter. Swiss National Bank grew its holdings in Flagstar Bancorp by 36.9% in the second quarter. Swiss National Bank now owns 55,600 shares of the savings and loans company’s stock worth $1,905,000 after purchasing an additional 15,000 shares during the last quarter. Finally, EJF Capital LLC grew its holdings in Flagstar Bancorp by 48.8% in the second quarter. EJF Capital LLC now owns 1,572,675 shares of the savings and loans company’s stock worth $53,880,000 after purchasing an additional 515,678 shares during the last quarter. 93.77% of the stock is currently owned by institutional investors.

Flagstar Bancorp stock opened at $31.19 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.29 and a debt-to-equity ratio of 3.81. Flagstar Bancorp has a fifty-two week low of $30.82 and a fifty-two week high of $40.06. The company has a market cap of $1.80 billion, a PE ratio of 12.63 and a beta of 0.98.

Flagstar Bancorp Company Profile

Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial, small business, 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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Earnings History and Estimates for Flagstar Bancorp (NYSE:FBC)

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