Flagstar Bancorp (FBC) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Flagstar Bancorp (NYSE:FBC) posted its earnings results on Monday. The savings and loans company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04, Bloomberg Earnings reports. The company had revenue of $107.00 million during the quarter, compared to analysts’ expectations of $103.91 million. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.77%. Flagstar Bancorp’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period last year, the company posted $0.49 earnings per share.

Flagstar Bancorp (NYSE:FBC) opened at $38.98 on Tuesday. Flagstar Bancorp has a 52 week low of $25.06 and a 52 week high of $39.50. The company has a market cap of $2,238.08, a price-to-earnings ratio of 16.52 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.

Several equities analysts recently weighed in on the stock. B. Riley reaffirmed a “buy” rating on shares of Flagstar Bancorp in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Thursday, October 26th. Boenning Scattergood set a $40.00 price objective on shares of Flagstar Bancorp and gave the stock a “buy” rating in a research note on Wednesday, December 27th. Piper Jaffray Companies reissued a “buy” rating and issued a $40.00 price objective on shares of Flagstar Bancorp in a research note on Thursday, October 19th. Finally, ValuEngine cut shares of Flagstar Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $39.57.

In other Flagstar Bancorp news, COO Lee Matthew Smith sold 3,000 shares of Flagstar Bancorp stock in a transaction on Friday, November 24th. The shares were sold at an average price of $36.60, for a total value of $109,800.00. Following the completion of the transaction, the chief operating officer now directly owns 70,254 shares of the company’s stock, valued at approximately $2,571,296.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 63.00% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.com-unik.info/2018/01/23/flagstar-bancorp-fbc-announces-quarterly-earnings-results-beats-estimates-by-0-04-eps.html.

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.

Earnings History for Flagstar Bancorp (NYSE:FBC)

Receive News & Ratings for Flagstar Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flagstar Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit