$269.72 Million in Sales Expected for Flagstar Bancorp Inc (NYSE:FBC) This Quarter

Brokerages forecast that Flagstar Bancorp Inc (NYSE:FBC) will report $269.72 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Flagstar Bancorp’s earnings, with the highest sales estimate coming in at $272.00 million and the lowest estimate coming in at $267.00 million. Flagstar Bancorp reported sales of $238.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 13.3%. The company is scheduled to report its next earnings results on Tuesday, July 23rd.

According to Zacks, analysts expect that Flagstar Bancorp will report full-year sales of $1.04 billion for the current year, with estimates ranging from $1.03 billion to $1.05 billion. For the next year, analysts expect that the company will post sales of $1.10 billion, with estimates ranging from $1.08 billion to $1.13 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Flagstar Bancorp.

Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings results on Tuesday, April 23rd. The savings and loans company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. Flagstar Bancorp had a return on equity of 11.60% and a net margin of 16.38%. The firm had revenue of $235.00 million for the quarter, compared to the consensus estimate of $230.70 million. During the same period in the previous year, the business earned $0.60 earnings per share.

A number of analysts recently weighed in on the company. Piper Jaffray Companies downgraded Flagstar Bancorp from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $37.00 to $35.00 in a research note on Thursday, April 25th. Zacks Investment Research downgraded Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Raymond James set a $37.00 price target on Flagstar Bancorp and gave the company a “buy” rating in a research note on Thursday, April 4th. ValuEngine upgraded Flagstar Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. Finally, TheStreet upgraded Flagstar Bancorp from a “c+” rating to a “b-” rating in a research note on Wednesday, February 27th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $37.40.

Flagstar Bancorp stock opened at $31.68 on Wednesday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.76 and a current ratio of 1.08. Flagstar Bancorp has a 1-year low of $25.30 and a 1-year high of $36.16. The stock has a market capitalization of $1.81 billion, a P/E ratio of 10.49 and a beta of 1.27. The company has a 50 day simple moving average of $32.18.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $0.04 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.51%. Flagstar Bancorp’s dividend payout ratio (DPR) is presently 5.30%.

A number of hedge funds have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC acquired a new position in Flagstar Bancorp during the first quarter worth $217,000. AJO LP raised its holdings in Flagstar Bancorp by 384.5% during the first quarter. AJO LP now owns 297,267 shares of the savings and loans company’s stock worth $9,786,000 after purchasing an additional 235,906 shares during the last quarter. Globeflex Capital L P acquired a new position in Flagstar Bancorp during the first quarter worth $879,000. Royce & Associates LP acquired a new position in Flagstar Bancorp during the first quarter worth $40,000. Finally, Acadian Asset Management LLC acquired a new position in Flagstar Bancorp during the first quarter worth $4,288,000. 98.56% of the stock is owned by hedge funds and other institutional investors.

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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