The brokerage firms expect Flagstar Bancorp, Inc. (NYSE: FBC) to report earnings per share of $ 1.62 for the current quarter, according to Zacks Investment Research. Two analysts have released estimates for Flagstar Bancorp’s earnings, with the lowest EPS estimate at $ 1.33 and the highest estimate at $ 1.86. Flagstar Bancorp posted earnings of $ 2.83 per share for the same quarter last year, indicating a negative growth rate of 42.8% year-over-year. The company is expected to release its next earnings report on Thursday, January 20.
On average, analysts expect Flagstar Bancorp to report annual earnings of $ 10.73 per share for the current year. For next year, analysts predict the company will post earnings of $ 6.28 per share, with EPS estimates ranging from $ 6.00 to $ 6.48. Zacks earnings per share averages are an average based on a survey of research analysts who follow Flagstar Bancorp.
Flagstar Bancorp (NYSE: FBC) last reported its quarterly results on Tuesday, October 26. The savings and loan company reported earnings per share of $ 2.94 for the quarter, beating consensus analysts’ estimates of $ 1.85 by $ 1.09. Flagstar Bancorp had a net margin of 30.01% and a return on equity of 26.10%. The company posted revenue of $ 461.00 million for the quarter, compared to analysts’ estimates of $ 179.93 million. During the same period of the previous year, the company achieved earnings per share of $ 3.88.
FBC opened at $ 46.83 on Monday. Flagstar Bancorp has a twelve month low of $ 35.85 and a twelve month high of $ 56.77. The company has a debt to equity ratio of 1.45, a quick ratio of 0.74, and a current ratio of 1.17. The 50-day moving average for the stock is $ 50.07. The company has a market cap of $ 2.48 billion, a P / E ratio of 4.18 and a beta of 1.57.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 16. Shareholders of record on Saturday, November 6 received a dividend of $ 0.06. The ex-dividend date of this dividend was Friday, November 5. This represents a dividend of $ 0.24 on an annualized basis and a return of 0.51%. Flagstar Bancorp’s payout ratio is 2.14%.
Several hedge funds and other institutional investors have recently changed their positions in the company. Versor Investments LP acquired a new equity interest in Flagstar Bancorp shares in the second quarter valued at $ 79,639,000. Tudor Investment Corp Et Al increased its stake in Flagstar Bancorp to 5,647.6% in the second quarter. Tudor Investment Corp Et Al now owns 1,097,455 shares of the savings and loan company valued at $ 46,389,000 after purchasing an additional 1,078,361 shares during the period. CNH Partners LLC acquired a new position in Flagstar Bancorp in the second quarter valued at $ 33,779,000. Alpine Associates Management Inc. acquired a new position in Flagstar Bancorp in the second quarter valued at $ 28,805,000. Finally, Citigroup Inc. increased its holdings of Flagstar Bancorp shares by 122.4% in the third quarter. Citigroup Inc. now owns 994,895 shares of the savings and loan company valued at $ 50,521,000 after acquiring an additional 547,632 shares during the last quarter. Institutional investors and hedge funds hold 92.02% of the company’s shares.
About Flagstar Bancorp
Flagstar Bancorp, Incis a banking holding company, which provides financial services. It operates in the following segments: community banking, mortgage origination, mortgage services and others. The Community Banking segment offers loans, deposits, checking and savings accounts, consumer and business loans, cash management, equipment leasing and capital markets services.
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