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.
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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.
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