Zacks: Analysts Anticipate Flagstar Bancorp Inc (FBC) Will Announce Earnings of $0.63 Per Share

Analysts predict that Flagstar Bancorp Inc (NYSE:FBC) will report earnings of $0.63 per share for the current quarter, according to Zacks. Five analysts have made estimates for Flagstar Bancorp’s earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.72. Flagstar Bancorp reported earnings per share of $0.60 in the same quarter last year, which would suggest a positive year over year growth rate of 5%. The company is scheduled to issue its next earnings report on Tuesday, April 23rd.

According to Zacks, analysts expect that Flagstar Bancorp will report full year earnings of $3.32 per share for the current year, with EPS estimates ranging from $3.17 to $3.45. For the next fiscal year, analysts expect that the business will report earnings of $3.78 per share, with EPS estimates ranging from $3.65 to $3.90. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Flagstar Bancorp.

Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings results on Tuesday, January 22nd. The savings and loans company reported $0.72 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. Flagstar Bancorp had a net margin of 16.67% and a return on equity of 11.75%. The firm had revenue of $250.00 million for the quarter, compared to analyst estimates of $235.82 million. During the same period in the prior year, the firm posted $0.60 earnings per share.



FBC has been the topic of several research reports. Zacks Investment Research downgraded shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. ValuEngine upgraded shares of Flagstar Bancorp from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Wedbush reiterated an “outperform” rating on shares of Flagstar Bancorp in a report on Thursday, January 31st. Finally, TheStreet upgraded shares of Flagstar Bancorp from a “c+” rating to a “b-” rating in a research note on Wednesday, February 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $39.25.

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its stake in shares of Flagstar Bancorp by 36.8% in the fourth quarter. Bank of Montreal Can now owns 1,746 shares of the savings and loans company’s stock valued at $46,000 after acquiring an additional 470 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of Flagstar Bancorp in the fourth quarter valued at about $29,000. ClariVest Asset Management LLC grew its stake in shares of Flagstar Bancorp by 0.9% in the fourth quarter. ClariVest Asset Management LLC now owns 166,318 shares of the savings and loans company’s stock valued at $4,390,000 after acquiring an additional 1,480 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Flagstar Bancorp by 0.9% in the fourth quarter. Nordea Investment Management AB now owns 166,300 shares of the savings and loans company’s stock valued at $4,390,000 after acquiring an additional 1,500 shares in the last quarter. Finally, United Services Automobile Association grew its stake in shares of Flagstar Bancorp by 1.2% in the third quarter. United Services Automobile Association now owns 149,334 shares of the savings and loans company’s stock valued at $4,700,000 after acquiring an additional 1,840 shares in the last quarter. Institutional investors and hedge funds own 95.17% of the company’s stock.

NYSE FBC traded down $0.45 on Friday, hitting $31.15. 465,091 shares of the stock were exchanged, compared to its average volume of 271,945. Flagstar Bancorp has a 52 week low of $25.30 and a 52 week high of $38.00. The firm has a market capitalization of $1.80 billion, a P/E ratio of 10.31 and a beta of 1.20. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 2.48.

Flagstar Bancorp declared that its board has approved a stock buyback plan on Wednesday, January 30th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the savings and loans company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.51%. Flagstar Bancorp’s dividend payout ratio (DPR) is presently 5.30%.

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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