Analysts expect Flagstar Bancorp Inc (NYSE:FBC) to report $235.62 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Flagstar Bancorp’s earnings, with the lowest sales estimate coming in at $230.00 million and the highest estimate coming in at $252.00 million. Flagstar Bancorp reported sales of $231.00 million during the same quarter last year, which indicates a positive year over year growth rate of 2%. The firm is scheduled to announce its next earnings report on Tuesday, January 22nd.
According to Zacks, analysts expect that Flagstar Bancorp will report full-year sales of $924.22 million for the current fiscal year, with estimates ranging from $916.00 million to $951.00 million. For the next financial year, analysts anticipate that the firm will report sales of $1.03 billion, with estimates ranging from $989.00 million to $1.06 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Flagstar Bancorp.
Flagstar Bancorp (NYSE:FBC) last released its earnings results on Tuesday, October 23rd. The savings and loans company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. Flagstar Bancorp had a return on equity of 11.62% and a net margin of 7.89%. The firm had revenue of $231.00 million for the quarter, compared to the consensus estimate of $242.20 million. During the same period in the prior year, the firm earned $0.70 EPS.
In other Flagstar Bancorp news, COO Lee Matthew Smith sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $31.43, for a total value of $94,290.00. Following the sale, the chief operating officer now directly owns 90,630 shares of the company’s stock, valued at $2,848,500.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Alessandro Dinello purchased 1,000 shares of the stock in a transaction on Wednesday, October 24th. The stock was acquired at an average cost of $29.08 per share, for a total transaction of $29,080.00. Following the completion of the acquisition, the chief executive officer now owns 191,359 shares of the company’s stock, valued at approximately $5,564,719.72. The disclosure for this purchase can be found here. 62.90% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of FBC. NumerixS Investment Technologies Inc purchased a new stake in Flagstar Bancorp in the second quarter valued at $159,000. SG Americas Securities LLC boosted its holdings in Flagstar Bancorp by 57.8% in the second quarter. SG Americas Securities LLC now owns 5,370 shares of the savings and loans company’s stock valued at $184,000 after purchasing an additional 1,967 shares during the last quarter. Alpine Woods Capital Investors LLC purchased a new stake in Flagstar Bancorp in the third quarter valued at $220,000. Personal Capital Advisors Corp purchased a new stake in Flagstar Bancorp in the second quarter valued at $247,000. Finally, Jane Street Group LLC boosted its holdings in Flagstar Bancorp by 33.8% in the second quarter. Jane Street Group LLC now owns 8,657 shares of the savings and loans company’s stock valued at $297,000 after purchasing an additional 2,186 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.
Shares of NYSE FBC traded down $0.37 during mid-day trading on Friday, hitting $30.53. The stock had a trading volume of 314,831 shares, compared to its average volume of 310,792. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.23 and a quick ratio of 0.78. Flagstar Bancorp has a twelve month low of $28.18 and a twelve month high of $40.06. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 12.36 and a beta of 0.85.
About Flagstar Bancorp
Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial, small business, 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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