Analysts expect Flagstar Bancorp, Inc. (NYSE:FBC) to report earnings per share of $1.79 for the current fiscal quarter, according to Zacks. Two analysts provided earnings estimates for Flagstar Bancorp. The highest EPS estimate is $1.90 and the lowest is $1.68. Flagstar Bancorp reported earnings per share of $2.83 in the same quarter last year, suggesting a negative 36.7% year-over-year growth rate. The company is due to release its next earnings report on Thursday, January 20.
On average, analysts expect Flagstar Bancorp to report annual earnings of $10.78 per share for the current fiscal year. For the next fiscal year, analysts expect the company to report earnings of $6.18 per share, with EPS estimates ranging from $6.00 to $6.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts who provide coverage for Flagstar Bancorp.
Flagstar Bancorp Inc (NYSE:FBC) last reported quarterly earnings data on Tuesday, October 26. The savings and loan company reported EPS of $2.94 for the quarter, beating the consensus estimate of $1.85 by $1.09. Flagstar Bancorp had a net margin of 30.01% and a return on equity of 26.10%. The company posted revenue of $461.00 million for the quarter, versus analyst estimates of $179.93 million. In the same quarter a year earlier, the company posted earnings per share of $3.88.
Separately, Zacks Investment Research downgraded Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, January 11.
Large investors have recently increased or reduced their stakes in the stock. State Street Corp increased its holdings of Flagstar Bancorp shares 7.8% in the second quarter. State Street Corp now owns 2,497,446 shares of the savings and loan company worth $105,567,000 after purchasing an additional 180,077 shares during the period. Bayview Asset Management LLC increased its position in Flagstar Bancorp by 47.2% during the third quarter. Bayview Asset Management LLC now owns 1,582,596 shares of the savings and loan company worth $80,364,000 after purchasing an additional 507,761 shares last quarter. Tudor Investment Corp Et Al increased its position in shares of Flagstar Bancorp by 29.2% during the third quarter. Tudor Investment Corp Et Al now owns 1,418,225 shares of the savings and loan company valued at $72,017,000 after acquiring an additional 320,770 shares in the last quarter. Wellington Management Group LLP increased its holdings of Flagstar Bancorp shares by 31.3% during the third quarter. Wellington Management Group LLP now owns 1,005,508 shares in the savings and loan company worth $51,060,000 after purchasing an additional 239,443 shares in the last quarter. Finally, Citigroup Inc. increased its stake in Flagstar Bancorp by 122.4% in the third quarter. Citigroup Inc. now owns 994,895 shares of the savings and loan company valued at $50,521,000 after buying an additional 547,632 shares last quarter. Institutional investors hold 91.77% of the company’s shares.
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Flagstar Bancorp stock opened at $52.05 on Friday. The company’s 50-day simple moving average is $48.23 and its 200-day simple moving average is $47.96. Flagstar Bancorp has a 12-month low of $40.69 and a 12-month high of $56.77. The company has a market capitalization of $2.75 billion, a price-earnings ratio of 4.65 and a beta of 1.56. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt ratio of 1.45.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 16. Investors of record on Saturday, November 6 received a dividend of $0.06. The ex-dividend date was Friday, November 5. This represents a dividend of $0.24 on an annualized basis and a yield of 0.46%. Flagstar Bancorp’s dividend payout ratio is 2.14%.
Flagstar Bancorp Company Profile
Flagstar Bancorp, Inc is a bank holding company that provides financial services. It operates through the following segments: Community Banking, Mortgage Originations, Mortgage Services and Others. The Community Banking segment offers loans, deposits, checking and savings accounts, consumer and commercial loans, cash management, equipment leasing and capital markets services.
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