Flagstar Bancorp (FBC) to Release Earnings on Monday
Flagstar Bancorp (NYSE:FBC) is scheduled to be posting its quarterly earnings results before the market opens on Monday, January 22nd. Analysts expect Flagstar Bancorp to post earnings of $0.52 per share for the quarter.
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The business had revenue of $103.00 million for the quarter, compared to analyst estimates of $100.80 million. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.77%. The company’s quarterly revenue was up 28.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 earnings per share. On average, analysts expect Flagstar Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Flagstar Bancorp (NYSE FBC) opened at $38.75 on Monday. The company has a market cap of $2,215.80, a P/E ratio of 16.42 and a beta of 1.05. Flagstar Bancorp has a 1 year low of $25.06 and a 1 year high of $39.50. The company has a debt-to-equity ratio of 4.04, a current ratio of 1.36 and a quick ratio of 0.80.
In related news, COO Lee Matthew Smith sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $36.60, for a total transaction of $109,800.00. Following the transaction, the chief operating officer now owns 70,254 shares of the company’s stock, valued at $2,571,296.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 63.00% of the company’s stock.
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Flagstar Bancorp Company Profile
Flagstar Bancorp, Inc is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB. It operates through four segments: Community Banking, Mortgage Originations, Mortgage Servicing, and Other. Through Mortgage Originations segment, it originates, acquires and sells one- to four-family residential mortgage loans.
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