$0.57 EPS Expected for Flagstar Bank (FBC) This Quarter

Wall Street brokerages expect Flagstar Bank (NYSE:FBC) to announce $0.57 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Flagstar Bank’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.51. Flagstar Bank reported earnings of $0.46 per share during the same quarter last year, which would indicate a positive year over year growth rate of 23.9%. The firm is expected to announce its next quarterly earnings report before the market opens on Tuesday, April 24th.

According to Zacks, analysts expect that Flagstar Bank will report full-year earnings of $3.22 per share for the current year, with EPS estimates ranging from $3.12 to $3.30. For the next year, analysts expect that the firm will report earnings of $3.67 per share, with EPS estimates ranging from $3.45 to $4.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Flagstar Bank.

Flagstar Bank (NYSE:FBC) last issued its quarterly earnings data on Tuesday, January 23rd. The savings and loans company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $107.00 million during the quarter, compared to analyst estimates of $103.91 million. Flagstar Bank had a return on equity of 10.16% and a net margin of 6.32%. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS.



A number of analysts have commented on FBC shares. ValuEngine raised Flagstar Bank from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Zacks Investment Research lowered Flagstar Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 13th. Boenning Scattergood set a $40.00 price objective on Flagstar Bank and gave the stock a “buy” rating in a report on Wednesday, December 27th. B. Riley reissued a “buy” rating and set a $42.00 price objective on shares of Flagstar Bank in a report on Wednesday, December 27th. Finally, Wedbush decreased their price objective on Flagstar Bank from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $40.29.

FBC traded down $0.75 during midday trading on Friday, reaching $33.79. 239,234 shares of the company were exchanged, compared to its average volume of 180,746. The company has a debt-to-equity ratio of 4.40, a quick ratio of 0.87 and a current ratio of 1.38. The firm has a market capitalization of $1,986.18, a P/E ratio of 13.81 and a beta of 1.21. Flagstar Bank has a one year low of $27.52 and a one year high of $40.06.

In other news, COO Lee Matthew Smith sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $37.48, for a total value of $112,440.00. Following the completion of the transaction, the chief operating officer now directly owns 75,835 shares of the company’s stock, valued at $2,842,295.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 9,000 shares of company stock valued at $327,510. 63.00% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in FBC. SG Americas Securities LLC bought a new position in shares of Flagstar Bank in the third quarter valued at approximately $144,000. Ameriprise Financial Inc. grew its holdings in shares of Flagstar Bank by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 668,071 shares of the savings and loans company’s stock valued at $23,703,000 after acquiring an additional 38,500 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of Flagstar Bank in the third quarter valued at approximately $291,000. Wells Fargo & Company MN grew its holdings in shares of Flagstar Bank by 15.6% in the third quarter. Wells Fargo & Company MN now owns 40,288 shares of the savings and loans company’s stock valued at $1,431,000 after acquiring an additional 5,435 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Flagstar Bank by 5.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 96,451 shares of the savings and loans company’s stock valued at $3,423,000 after acquiring an additional 4,980 shares in the last quarter. 97.21% of the stock is owned by institutional investors.

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About Flagstar Bank

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 Bank (NYSE:FBC)

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