$0.93 EPS Expected for Flagstar Bancorp Inc (NYSE:FBC) This Quarter
Equities analysts expect Flagstar Bancorp Inc (NYSE:FBC) to announce $0.93 earnings per share for the current quarter, according to Zacks. Five analysts have made estimates for Flagstar Bancorp’s earnings. The highest EPS estimate is $0.99 and the lowest is $0.89. Flagstar Bancorp reported earnings per share of $0.72 in the same quarter last year, which would indicate a positive year-over-year growth rate of 29.2%. The company is scheduled to issue its next quarterly earnings results on Tuesday, January 28th.
According to Zacks, analysts expect that Flagstar Bancorp will report full-year earnings of $3.40 per share for the current fiscal year, with EPS estimates ranging from $3.35 to $3.46. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.78 per share, with EPS estimates ranging from $3.61 to $3.95. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Flagstar Bancorp.
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings results on Tuesday, October 22nd. The savings and loans company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.07. The business had revenue of $146.00 million during the quarter, compared to the consensus estimate of $144.51 million. Flagstar Bancorp had a return on equity of 11.20% and a net margin of 16.36%. The company’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS.
FBC stock opened at $36.33 on Friday. The company has a market capitalization of $2.11 billion, a P/E ratio of 11.72 and a beta of 1.27. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.81 and a current ratio of 1.12. Flagstar Bancorp has a 52-week low of $25.30 and a 52-week high of $40.00. The business has a 50-day simple moving average of $37.06 and a two-hundred day simple moving average of $35.00.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.04 per share. The ex-dividend date is Friday, November 29th. This represents a $0.16 annualized dividend and a dividend yield of 0.44%. Flagstar Bancorp’s dividend payout ratio is currently 5.30%.
In related news, CEO Alessandro Dinello purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were bought at an average price of $37.31 per share, with a total value of $37,310.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Mp Thrift Investments L.P. sold 6,100,000 shares of Flagstar Bancorp stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $35.96, for a total transaction of $219,356,000.00. The disclosure for this sale can be found here. 49.90% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the stock. Nuveen Asset Management LLC raised its holdings in shares of Flagstar Bancorp by 15.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,436,503 shares of the savings and loans company’s stock worth $47,605,000 after purchasing an additional 190,825 shares during the period. Bayview Asset Management LLC raised its holdings in shares of Flagstar Bancorp by 18.5% in the 3rd quarter. Bayview Asset Management LLC now owns 1,176,635 shares of the savings and loans company’s stock worth $43,947,000 after purchasing an additional 184,057 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Flagstar Bancorp by 7.8% in the 2nd quarter. Renaissance Technologies LLC now owns 536,161 shares of the savings and loans company’s stock worth $17,768,000 after purchasing an additional 38,812 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Flagstar Bancorp by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 418,413 shares of the savings and loans company’s stock worth $13,866,000 after purchasing an additional 11,339 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Flagstar Bancorp by 1.5% in the 2nd quarter. Northern Trust Corp now owns 377,082 shares of the savings and loans company’s stock worth $12,496,000 after purchasing an additional 5,589 shares during the period. 97.63% of the stock is currently owned by institutional investors.
About Flagstar Bancorp
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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