Equities research analysts predict that Flagstar Bancorp Inc (NYSE:FBC) will post $0.85 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Flagstar Bancorp’s earnings, with the lowest EPS estimate coming in at $0.84 and the highest estimate coming in at $0.86. Flagstar Bancorp reported earnings of $0.70 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 21.4%. The business is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, October 23rd.

According to Zacks, analysts expect that Flagstar Bancorp will report full-year earnings of $3.05 per share for the current fiscal year, with EPS estimates ranging from $2.99 to $3.11. For the next financial year, analysts anticipate that the business will post earnings of $3.46 per share, with EPS estimates ranging from $3.30 to $3.58. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Flagstar Bancorp.

Flagstar Bancorp (NYSE:FBC) last posted its earnings results on Tuesday, July 24th. The savings and loans company reported $0.85 earnings per share (EPS) 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 business had revenue of $238.00 million for the quarter, compared to analysts’ expectations of $243.68 million.

FBC has been the topic of several recent research reports. Sandler O’Neill reiterated a “buy” rating and issued a $41.00 price objective on shares of Flagstar Bancorp in a research note on Thursday, July 26th. Keefe, Bruyette & Woods upgraded shares of Flagstar Bancorp from a “market perform” rating to an “outperform” rating in a research note on Wednesday, June 27th. B. Riley set a $44.00 price objective on shares of Flagstar Bancorp and gave the stock a “buy” rating in a research note on Friday, October 12th. Zacks Investment Research cut shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Finally, ValuEngine cut shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, September 14th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. Flagstar Bancorp presently has an average rating of “Buy” and a consensus price target of $41.43.

In related news, COO Lee Matthew Smith sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $31.43, for a total value of $94,290.00. Following the completion of the sale, the chief operating officer now directly owns 90,630 shares of the company’s stock, valued at approximately $2,848,500.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 9,000 shares of company stock valued at $299,340 over the last three months. 62.90% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Ramsey Quantitative Systems purchased a new stake in Flagstar Bancorp in the 3rd quarter worth approximately $319,000. United Services Automobile Association grew its holdings in Flagstar Bancorp by 65.2% during the 2nd quarter. United Services Automobile Association now owns 147,494 shares of the savings and loans company’s stock valued at $5,053,000 after buying an additional 58,196 shares in the last quarter. Northern Trust Corp grew its holdings in Flagstar Bancorp by 32.4% during the 2nd quarter. Northern Trust Corp now owns 350,673 shares of the savings and loans company’s stock valued at $12,015,000 after buying an additional 85,817 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Flagstar Bancorp by 14.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 153,114 shares of the savings and loans company’s stock valued at $5,246,000 after buying an additional 18,811 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in Flagstar Bancorp during the 2nd quarter valued at approximately $772,000. 93.77% of the stock is owned by institutional investors.

Shares of NYSE:FBC traded down $0.34 during trading on Friday, hitting $29.28. The company’s stock had a trading volume of 7,793 shares, compared to its average volume of 260,340. Flagstar Bancorp has a 12 month low of $28.18 and a 12 month high of $40.06. The company has a quick ratio of 0.86, a current ratio of 1.29 and a debt-to-equity ratio of 3.81. The stock has a market capitalization of $1.81 billion, a PE ratio of 11.85 and a beta of 0.99.

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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