Zacks: Analysts Anticipate Flagstar Bancorp, Inc. (NYSE:FBC) Will Post Quarterly Sales of $401.15 Million

Brokerages predict that Flagstar Bancorp, Inc. (NYSE:FBC) will announce sales of $401.15 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Flagstar Bancorp’s earnings, with the lowest sales estimate coming in at $391.30 million and the highest estimate coming in at $411.00 million. Flagstar Bancorp reported sales of $526.00 million during the same quarter last year, which indicates a negative year-over-year growth rate of 23.7%. The company is expected to announce its next quarterly earnings report on Thursday, January 20th.

On average, analysts expect that Flagstar Bancorp will report full-year sales of $1.79 billion for the current fiscal year, with estimates ranging from $1.75 billion to $1.82 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.54 billion, with estimates ranging from $1.54 billion to $1.55 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Flagstar Bancorp.

Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings results on Tuesday, October 26th. The savings and loans company reported $2.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $1.09. Flagstar Bancorp had a return on equity of 26.10% and a net margin of 30.01%. The firm had revenue of $461.00 million during the quarter, compared to analysts’ expectations of $179.93 million. During the same period in the previous year, the business earned $3.88 earnings per share.

Separately, Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Friday, July 30th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $57.40.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comerica Bank grew its holdings in shares of Flagstar Bancorp by 7.5% during the 3rd quarter. Comerica Bank now owns 47,892 shares of the savings and loans company’s stock worth $2,643,000 after purchasing an additional 3,358 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Flagstar Bancorp by 4.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 662,235 shares of the savings and loans company’s stock worth $33,629,000 after purchasing an additional 28,423 shares during the period. Schonfeld Strategic Advisors LLC grew its holdings in shares of Flagstar Bancorp by 13.1% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 13,800 shares of the savings and loans company’s stock worth $701,000 after purchasing an additional 1,600 shares during the period. Captrust Financial Advisors grew its holdings in shares of Flagstar Bancorp by 15.1% during the 3rd quarter. Captrust Financial Advisors now owns 1,745 shares of the savings and loans company’s stock worth $89,000 after purchasing an additional 229 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in Flagstar Bancorp by 150.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 56,066 shares of the savings and loans company’s stock worth $2,847,000 after acquiring an additional 33,674 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

NYSE:FBC traded up $0.44 during trading hours on Thursday, hitting $49.29. The company had a trading volume of 190,847 shares, compared to its average volume of 566,459. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 1.45. The business’s 50-day moving average price is $50.36. The firm has a market capitalization of $2.61 billion, a P/E ratio of 4.40 and a beta of 1.57. Flagstar Bancorp has a 1 year low of $34.82 and a 1 year high of $56.77.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 16th. Stockholders of record on Saturday, November 6th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Friday, November 5th. Flagstar Bancorp’s dividend payout ratio is presently 2.14%.

Flagstar Bancorp Company Profile

Flagstar Bancorp, Incis a bank holding company, which engages in the provision of financial services. It operates through the following segments: Community Banking, Mortgage Originations, Mortgage Servicing, and Other. The Community Banking segment offers loans, deposits, checking and savings accounts, consumer and commercial loans, treasury management, equipment leasing, and capital markets services.

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Earnings History and Estimates for Flagstar Bancorp (NYSE:FBC)

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