$0.99 Earnings Per Share Expected for Flagstar Bancorp Inc (NYSE:FBC) This Quarter

Wall Street brokerages expect Flagstar Bancorp Inc (NYSE:FBC) to post earnings of $0.99 per share for the current quarter, according to Zacks. Five analysts have issued estimates for Flagstar Bancorp’s earnings, with the lowest EPS estimate coming in at $0.92 and the highest estimate coming in at $1.02. Flagstar Bancorp reported earnings per share of $0.85 in the same quarter last year, which suggests a positive year-over-year growth rate of 16.5%. The business is scheduled to report its next quarterly earnings results on Tuesday, October 22nd.

On average, analysts expect that Flagstar Bancorp will report full year earnings of $3.09 per share for the current financial year, with EPS estimates ranging from $2.72 to $3.24. For the next fiscal year, analysts expect that the company will post earnings of $3.75 per share, with EPS estimates ranging from $3.49 to $3.93. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Flagstar Bancorp.

Flagstar Bancorp (NYSE:FBC) last announced its quarterly earnings data on Tuesday, July 23rd. The savings and loans company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.24. Flagstar Bancorp had a return on equity of 10.70% and a net margin of 16.26%. The company had revenue of $306.00 million during the quarter, compared to analyst estimates of $270.32 million. During the same quarter last year, the firm posted $0.85 EPS.

Several equities research analysts recently weighed in on FBC shares. Zacks Investment Research lowered Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. Piper Jaffray Companies lowered Flagstar Bancorp from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $37.00 to $35.00 in a report on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $37.20.

FBC traded up $0.28 during trading hours on Thursday, hitting $34.29. The stock had a trading volume of 15,767 shares, compared to its average volume of 214,364. The firm’s fifty day simple moving average is $33.46. Flagstar Bancorp has a 1 year low of $25.30 and a 1 year high of $36.16. The stock has a market capitalization of $1.91 billion, a PE ratio of 11.37 and a beta of 1.24. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.82 and a current ratio of 1.09.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be paid a $0.04 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.16 annualized dividend and a yield of 0.47%. Flagstar Bancorp’s dividend payout ratio is currently 5.30%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Royce & Associates LP bought a new position in Flagstar Bancorp in the 1st quarter worth about $40,000. RDA Financial Network bought a new stake in shares of Flagstar Bancorp during the 1st quarter valued at about $336,000. Principal Financial Group Inc. bought a new stake in shares of Flagstar Bancorp during the 4th quarter valued at about $6,299,000. Geode Capital Management LLC boosted its position in shares of Flagstar Bancorp by 9.8% during the 4th quarter. Geode Capital Management LLC now owns 315,115 shares of the savings and loans company’s stock valued at $8,319,000 after acquiring an additional 28,202 shares during the last quarter. Finally, Boston Advisors LLC boosted its position in shares of Flagstar Bancorp by 1.2% during the 1st quarter. Boston Advisors LLC now owns 35,973 shares of the savings and loans company’s stock valued at $1,184,000 after acquiring an additional 410 shares during the last quarter. Institutional investors and hedge funds own 98.71% of the company’s stock.

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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Earnings History and Estimates for Flagstar Bancorp (NYSE:FBC)

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