Zacks: Analysts Anticipate Flagstar Bancorp, Inc. (NYSE:FBC) Will Post Quarterly Sales of $424.25 Million

Analysts expect Flagstar Bancorp, Inc. (NYSE:FBC) to post sales of $424.25 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Flagstar Bancorp’s earnings, with the highest sales estimate coming in at $435.00 million and the lowest estimate coming in at $413.50 million. Flagstar Bancorp posted sales of $632.00 million during the same quarter last year, which suggests a negative year over year growth rate of 32.9%. The company is expected to announce its next earnings results on Wednesday, October 20th.

On average, analysts expect that Flagstar Bancorp will report full-year sales of $1.77 billion for the current year, with estimates ranging from $1.75 billion to $1.78 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.55 billion, with estimates ranging from $1.54 billion to $1.56 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 released its quarterly earnings data on Tuesday, July 27th. The savings and loans company reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.80. The company had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $445.55 million. Flagstar Bancorp had a net margin of 30.70% and a return on equity of 30.22%.

A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Friday, July 30th. B. Riley raised their price target on shares of Flagstar Bancorp from $55.00 to $76.00 and gave the stock a “buy” rating in a research note on Monday, July 12th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Flagstar Bancorp presently has a consensus rating of “Buy” and an average target price of $55.50.

Flagstar Bancorp stock traded up $0.38 during mid-day trading on Monday, reaching $54.86. 1,952 shares of the company traded hands, compared to its average volume of 581,877. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.21 and a quick ratio of 0.76. Flagstar Bancorp has a fifty-two week low of $28.93 and a fifty-two week high of $54.92. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 4.45 and a beta of 1.70. The firm’s fifty day moving average is $50.14 and its two-hundred day moving average is $46.65.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Wednesday, September 1st were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Tuesday, August 31st. Flagstar Bancorp’s payout ratio is 2.52%.

A number of institutional investors have recently modified their holdings of FBC. Envestnet Asset Management Inc. purchased a new position in Flagstar Bancorp in the first quarter worth approximately $258,000. Toronto Dominion Bank purchased a new stake in shares of Flagstar Bancorp during the 1st quarter worth approximately $75,000. Teacher Retirement System of Texas purchased a new stake in shares of Flagstar Bancorp during the 1st quarter worth approximately $265,000. Panagora Asset Management Inc. lifted its position in shares of Flagstar Bancorp by 2,903.6% during the 1st quarter. Panagora Asset Management Inc. now owns 248,461 shares of the savings and loans company’s stock worth $11,206,000 after buying an additional 240,189 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Flagstar Bancorp by 4.8% during the 1st quarter. JPMorgan Chase & Co. now owns 485,949 shares of the savings and loans company’s stock worth $21,916,000 after buying an additional 22,077 shares during the last quarter. Institutional investors own 93.20% of the company’s stock.

About Flagstar Bancorp

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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