Brokerages Expect Flagstar Bancorp, Inc. (NYSE:FBC) to Announce $1.95 EPS

Brokerages expect Flagstar Bancorp, Inc. (NYSE:FBC) to post earnings per share of $1.95 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Flagstar Bancorp’s earnings. The highest EPS estimate is $2.05 and the lowest is $1.84. Flagstar Bancorp posted earnings per share of $3.88 during the same quarter last year, which suggests a negative year-over-year growth rate of 49.7%. The company is expected to announce its next earnings results on Wednesday, October 20th.

According to Zacks, analysts expect that Flagstar Bancorp will report full-year earnings of $9.78 per share for the current fiscal year. For the next year, analysts anticipate that the firm will post earnings of $6.27 per share, with EPS estimates ranging from $6.00 to $6.46. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Flagstar Bancorp.

Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings results on Tuesday, July 27th. The savings and loans company reported $2.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.80. The firm had revenue of $435.00 million for the quarter, compared to analysts’ expectations of $445.55 million. Flagstar Bancorp had a return on equity of 30.22% and a net margin of 30.70%.

A number of equities analysts recently weighed in on FBC shares. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Friday, July 30th. B. Riley lifted their price target on Flagstar Bancorp from $55.00 to $76.00 and gave the stock a “buy” rating in a research note on Monday, July 12th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $55.50.

Institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. acquired a new stake in Flagstar Bancorp in the 1st quarter worth approximately $258,000. Toronto Dominion Bank acquired a new stake in Flagstar Bancorp in the 1st quarter worth approximately $75,000. Teacher Retirement System of Texas acquired a new stake in Flagstar Bancorp in the 1st quarter worth approximately $265,000. Panagora Asset Management Inc. lifted its holdings in Flagstar Bancorp by 2,903.6% in the 1st quarter. Panagora Asset Management Inc. now owns 248,461 shares of the savings and loans company’s stock worth $11,206,000 after purchasing an additional 240,189 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Flagstar Bancorp by 4.8% in the 1st quarter. JPMorgan Chase & Co. now owns 485,949 shares of the savings and loans company’s stock worth $21,916,000 after purchasing an additional 22,077 shares during the last quarter. Institutional investors and hedge funds own 93.20% of the company’s stock.

FBC traded up $0.38 during trading on Friday, reaching $54.86. The company had a trading volume of 1,952 shares, compared to its average volume of 581,877. The firm’s 50-day simple moving average is $50.14 and its 200 day simple moving average is $46.65. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 4.45 and a beta of 1.70. Flagstar Bancorp has a 12-month low of $28.93 and a 12-month high of $54.92. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.76 and a current ratio of 1.21.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Wednesday, September 1st were issued a dividend of $0.06 per share. The ex-dividend date was Tuesday, August 31st. This represents a $0.24 annualized dividend and a dividend yield of 0.44%. Flagstar Bancorp’s dividend payout ratio is 2.52%.

About Flagstar Bancorp

Flagstar Bancorp, Incis a bank holding company, which engages in the provision of financial services. It operates through the following segments: Community Banking, Mortgage Originations, Mortgage Servicing, and Other. The Community Banking segment offers loans, deposits, checking and savings accounts, consumer and commercial loans, treasury management, equipment leasing, and capital markets services.

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

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