Flagstar Bancorp Inc (NYSE:FBC) Expected to Post Quarterly Sales of $285.80 Million

Analysts expect Flagstar Bancorp Inc (NYSE:FBC) to post $285.80 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Flagstar Bancorp’s earnings, with the highest sales estimate coming in at $296.00 million and the lowest estimate coming in at $272.00 million. Flagstar Bancorp reported sales of $231.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 23.7%. The company is expected to issue its next earnings results on Tuesday, October 22nd.

On average, analysts expect that Flagstar Bancorp will report full-year sales of $1.08 billion for the current year, with estimates ranging from $1.03 billion to $1.12 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.12 billion, with estimates ranging from $1.08 billion to $1.15 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Flagstar Bancorp.

Flagstar Bancorp (NYSE:FBC) last issued its earnings results on Tuesday, July 23rd. The savings and loans company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.24. The business had revenue of $306.00 million during the quarter, compared to analyst estimates of $270.32 million. Flagstar Bancorp had a return on equity of 10.70% and a net margin of 16.26%. During the same period in the prior year, the company posted $0.85 earnings per share.

A number of research analysts recently commented on FBC shares. Zacks Investment Research lowered Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Piper Jaffray Companies lowered Flagstar Bancorp from an “overweight” rating to a “neutral” rating and cut their target price for the company from $37.00 to $35.00 in a research note on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Flagstar Bancorp presently has a consensus rating of “Buy” and a consensus price target of $37.20.

Shares of NYSE FBC traded up $0.82 during trading hours on Friday, reaching $35.00. The stock had a trading volume of 460,169 shares, compared to its average volume of 300,925. The stock has a fifty day moving average price of $33.55. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $1.92 billion, a P/E ratio of 11.55 and a beta of 1.24. Flagstar Bancorp has a twelve month low of $25.30 and a twelve month high of $36.16.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Friday, August 30th. Flagstar Bancorp’s dividend payout ratio (DPR) is 5.30%.

A number of large investors have recently made changes to their positions in FBC. Norges Bank bought a new stake in Flagstar Bancorp in the fourth quarter valued at $7,393,000. Principal Financial Group Inc. bought a new stake in Flagstar Bancorp in the fourth quarter valued at $6,299,000. AJO LP grew its position in Flagstar Bancorp by 384.5% in the first quarter. AJO LP now owns 297,267 shares of the savings and loans company’s stock valued at $9,786,000 after acquiring an additional 235,906 shares during the period. Dimensional Fund Advisors LP grew its position in Flagstar Bancorp by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,458,055 shares of the savings and loans company’s stock valued at $117,693,000 after acquiring an additional 216,220 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in shares of Flagstar Bancorp by 15.3% during the second quarter. Nuveen Asset Management LLC now owns 1,436,503 shares of the savings and loans company’s stock worth $47,605,000 after purchasing an additional 190,825 shares during the last quarter. Hedge funds and other institutional investors own 98.71% of the company’s stock.

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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