Zacks: Brokerages Anticipate Flagstar Bancorp Inc (FBC) Will Post Quarterly Sales of $229.98 Million

Wall Street analysts forecast that Flagstar Bancorp Inc (NYSE:FBC) will post sales of $229.98 million for the current quarter, Zacks reports. Four analysts have made estimates for Flagstar Bancorp’s earnings, with the lowest sales estimate coming in at $226.00 million and the highest estimate coming in at $233.00 million. Flagstar Bancorp reported sales of $183.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 25.7%. The firm is expected to issue its next earnings report on Tuesday, April 24th.

On average, analysts expect that Flagstar Bancorp will report full-year sales of $229.98 million for the current year, with estimates ranging from $976.00 million to $1.03 billion. For the next financial year, analysts forecast that the firm will report sales of $1.08 billion per share, with estimates ranging from $1.04 billion to $1.12 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that follow Flagstar Bancorp.

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Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings results on Tuesday, January 23rd. The savings and loans company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Flagstar Bancorp had a net margin of 6.32% and a return on equity of 10.16%. The firm had revenue of $107.00 million during the quarter, compared to analysts’ expectations of $103.91 million. During the same period in the previous year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year.

Several research firms have recently commented on FBC. ValuEngine raised shares of Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. B. Riley reiterated a “buy” rating and issued a $42.00 target price on shares of Flagstar Bancorp in a research report on Wednesday, December 27th. Zacks Investment Research cut shares of Flagstar Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Finally, Boenning Scattergood set a $40.00 target price on shares of Flagstar Bancorp and gave the company a “buy” rating in a research report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Flagstar Bancorp currently has a consensus rating of “Buy” and an average target price of $39.57.

In other news, COO Lee Matthew Smith sold 3,000 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $37.48, for a total value of $112,440.00. Following the completion of the sale, the chief operating officer now directly owns 75,835 shares in the company, valued at $2,842,295.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 63.00% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in FBC. SG Americas Securities LLC purchased a new position in Flagstar Bancorp in the 3rd quarter worth approximately $144,000. Macquarie Group Ltd. bought a new position in Flagstar Bancorp during the third quarter valued at about $291,000. Teacher Retirement System of Texas bought a new position in Flagstar Bancorp during the fourth quarter valued at about $293,000. USA Financial Portformulas Corp bought a new position in Flagstar Bancorp during the fourth quarter valued at about $296,000. Finally, MetLife Investment Advisors LLC bought a new position in Flagstar Bancorp during the fourth quarter valued at about $342,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

Shares of Flagstar Bancorp stock traded down $0.16 during trading on Thursday, hitting $35.20. 306,891 shares of the stock were exchanged, compared to its average volume of 149,325. The stock has a market cap of $2,017.70, a P/E ratio of 14.25 and a beta of 1.22. Flagstar Bancorp has a 52-week low of $26.54 and a 52-week high of $40.06. The company has a debt-to-equity ratio of 4.40, a quick ratio of 0.87 and a current ratio of 1.38.

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About Flagstar Bancorp

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

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