Flagstar Bancorp Inc (NYSE:FBC) – Analysts at Wedbush raised their Q3 2019 earnings per share (EPS) estimates for shares of Flagstar Bancorp in a report released on Monday, October 14th. Wedbush analyst H. Coffey now anticipates that the savings and loans company will post earnings per share of $1.08 for the quarter, up from their previous forecast of $0.99. Wedbush also issued estimates for Flagstar Bancorp’s FY2020 earnings at $3.80 EPS and FY2021 earnings at $4.23 EPS.
Several other analysts have also commented on the company. B. Riley lifted their price objective on Flagstar Bancorp from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, October 4th. ValuEngine lowered Flagstar Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $37.60.
Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings data on Tuesday, July 23rd. The savings and loans company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.24. Flagstar Bancorp had a return on equity of 10.70% and a net margin of 16.26%. The company had revenue of $306.00 million during the quarter, compared to analyst estimates of $270.32 million. During the same quarter in the previous year, the company posted $0.85 earnings per share.
Several institutional investors and hedge funds have recently modified their holdings of FBC. Denali Advisors LLC bought a new stake in Flagstar Bancorp during the second quarter valued at about $321,000. New York State Teachers Retirement System grew its holdings in Flagstar Bancorp by 36.2% during the second quarter. New York State Teachers Retirement System now owns 15,425 shares of the savings and loans company’s stock valued at $511,000 after purchasing an additional 4,100 shares during the period. Bailard Inc. bought a new stake in Flagstar Bancorp during the second quarter valued at about $288,000. First Trust Advisors LP grew its holdings in Flagstar Bancorp by 42.9% during the second quarter. First Trust Advisors LP now owns 41,218 shares of the savings and loans company’s stock valued at $1,366,000 after purchasing an additional 12,381 shares during the period. Finally, Aperio Group LLC bought a new stake in Flagstar Bancorp during the second quarter valued at about $115,000. 96.89% of the stock is owned by institutional investors.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Friday, August 30th. Flagstar Bancorp’s payout ratio is currently 5.30%.
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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