Flagstar Bancorp (NYSE:FBC) Issues Quarterly Earnings Results

Flagstar Bancorp (NYSE:FBC) released its quarterly earnings results on Tuesday. The savings and loans company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.04 by $0.07, Bloomberg Earnings reports. The company had revenue of $146.00 million for the quarter, compared to analyst estimates of $144.51 million. Flagstar Bancorp had a return on equity of 11.20% and a net margin of 16.36%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share.

NYSE:FBC opened at $37.59 on Friday. The firm has a market cap of $2.11 billion, a P/E ratio of 12.45 and a beta of 1.25. The company has a current ratio of 1.12, a quick ratio of 0.82 and a debt-to-equity ratio of 2.00. The stock’s 50 day simple moving average is $37.51 and its 200-day simple moving average is $34.68. Flagstar Bancorp has a 12-month low of $25.30 and a 12-month high of $40.00.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, November 29th. Flagstar Bancorp’s payout ratio is currently 5.30%.

In related news, CEO Alessandro Dinello bought 1,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were acquired at an average price of $37.31 per share, with a total value of $37,310.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 49.90% of the company’s stock.

Several research analysts have commented on FBC shares. Raymond James lifted their price target on Flagstar Bancorp from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday. B. Riley lifted their price target on Flagstar Bancorp from $38.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. ValuEngine lowered Flagstar Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research lowered Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Flagstar Bancorp has a consensus rating of “Hold” and a consensus price target of $38.60.

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 for Flagstar Bancorp (NYSE:FBC)

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