Flagstar Bancorp Inc (FBC) Expected to Announce Earnings of $0.62 Per Share

Brokerages expect Flagstar Bancorp Inc (NYSE:FBC) to announce earnings per share (EPS) of $0.62 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Flagstar Bancorp’s earnings, with estimates ranging from $0.56 to $0.72. Flagstar Bancorp posted earnings of $0.60 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 3.3%. The firm is expected to report its next quarterly earnings report on Tuesday, April 23rd.

On average, analysts expect that Flagstar Bancorp will report full year earnings of $3.32 per share for the current financial year, with EPS estimates ranging from $3.17 to $3.45. For the next fiscal year, analysts anticipate that the company will report earnings of $3.74 per share, with EPS estimates ranging from $3.59 to $3.90. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Flagstar Bancorp.

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

A number of equities analysts have weighed in on the company. ValuEngine raised Flagstar Bancorp from a “sell” rating to a “hold” rating in a research report on Friday. Boenning Scattergood reaffirmed a “buy” rating on shares of Flagstar Bancorp in a research report on Thursday, January 31st. Sandler O’Neill downgraded Flagstar Bancorp from a “buy” rating to a “hold” rating and set a $32.00 price target for the company. in a research report on Friday, January 11th. Zacks Investment Research downgraded Flagstar Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Finally, TheStreet raised Flagstar Bancorp from a “c+” rating to a “b-” rating in a research report on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $39.25.

Several institutional investors have recently made changes to their positions in FBC. PNC Financial Services Group Inc. bought a new stake in shares of Flagstar Bancorp during the 4th quarter worth approximately $29,000. Bank of Montreal Can raised its stake in shares of Flagstar Bancorp by 36.8% during the 4th quarter. Bank of Montreal Can now owns 1,746 shares of the savings and loans company’s stock worth $46,000 after purchasing an additional 470 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Flagstar Bancorp during the 4th quarter worth approximately $224,000. Metropolitan Life Insurance Co. NY raised its stake in shares of Flagstar Bancorp by 366.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,696 shares of the savings and loans company’s stock worth $256,000 after purchasing an additional 7,616 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Flagstar Bancorp during the 4th quarter worth approximately $259,000. Institutional investors own 95.17% of the company’s stock.

NYSE:FBC traded down $0.31 during trading hours on Friday, reaching $32.92. 225,790 shares of the stock were exchanged, compared to its average volume of 286,602. Flagstar Bancorp has a twelve month low of $25.30 and a twelve month high of $38.00. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 2.48. The company has a market cap of $1.90 billion, a P/E ratio of 10.90 and a beta of 1.20.

Flagstar Bancorp announced that its Board of Directors has initiated a share repurchase program on Wednesday, January 30th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the savings and loans company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Thursday, February 28th. Flagstar Bancorp’s dividend payout ratio is currently 5.30%.

About Flagstar Bancorp

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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