Brokerages expect Flagstar Bancorp, Inc. (NYSE:FBC) to post EPS of $1.42

Analysts expect Flagstar Bancorp, Inc. (NYSE:FBC – Get a rating) will report earnings of $1.42 per share for the current fiscal quarter, Zacks reports. Two analysts provided earnings estimates for Flagstar Bancorp. The lowest EPS estimate is $1.24 and the highest is $1.57. Flagstar Bancorp reported earnings of $3.31 per share in the same quarter last year, suggesting a negative 57.1% year-over-year growth rate. The company is due to announce its next results on Monday, April 25.

On average, analysts expect Flagstar Bancorp to report annual earnings of $5.70 per share for the current fiscal year, with EPS estimates ranging from $5.49 to $6.00. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts who follow Flagstar Bancorp.

Flagstar Bancorp (NYSE: FBC – Get a rating) last released its quarterly earnings data on Wednesday, January 26. The savings and loan company reported earnings per share (EPS) of $1.69 for the quarter, beating the Zacks consensus estimate of $1.64 by $0.05. Flagstar Bancorp had a return on equity of 22.27% and a net margin of 28.73%. In the same quarter of the previous year, the company had earned earnings per share of $2.83.

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Separately, Zacks Investment Research downgraded Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, January 11.

Shares of NYSE:FBC were up $0.72 in Friday’s midday session, hitting $44.94. The company’s shares had a trading volume of 897 shares, compared to its average trading volume of 501,346. Flagstar Bancorp has a fifty-two week low of $40.69 and a fifty-two week high of 56, $77. The company has a market capitalization of $2.38 billion, a P/E ratio of 4.44 and a beta of 1.55. The company has a debt ratio of 1.35, a current ratio of 1.15 and a quick ratio of 0.79. The company’s fifty-day simple moving average is $47.44 and its 200-day simple moving average is $48.63.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 17. Investors of record on Monday, February 7 received a dividend of $0.60. This represents a dividend of $2.40 on an annualized basis and a yield of 5.34%. This is a positive change from Flagstar Bancorp’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, February 4. Flagstar Bancorp’s dividend payout ratio (DPR) is currently 2.41%.

In other news, EVP James Ciroli acquired 2,000 shares in a transaction that took place on Thursday, January 27. The shares were purchased at an average cost of $45.80 per share, for a total transaction of $91,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC website. 2.10% of the shares are held by insiders of the company.

A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the company. State Street Corp increased its position in Flagstar Bancorp shares by 7.8% during 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 in the last quarter. Versor Investments LP increased its position in shares of Flagstar Bancorp by 42.4% during the fourth quarter. Versor Investments LP now owns 2,211,351 shares of the savings and loans company valued at $106,012,000 after acquiring an additional 658,114 shares during the period. Bayview Asset Management LLC increased its position in Flagstar Bancorp shares by 47.2% during the third quarter. Bayview Asset Management LLC now owns 1,582,596 shares of the savings and loan company valued at $80,364,000 after acquiring an additional 507,761 shares during the period. 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 worth $72,017,000 after buying an additional 320,770 shares in the last quarter. Finally, Alpine Associates Management Inc. increased its position in Flagstar Bancorp shares by 7.9% during the fourth quarter. Alpine Associates Management Inc. now owns 1,010,679 shares of the savings and loan company worth $48,451,000 after purchasing an additional 74,079 shares in the last quarter. Hedge funds and other institutional investors own 93.35% of the company’s shares.

Flagstar Bancorp Company Profile (Get a rating)

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.

Further reading

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