Flagstar Bancorp Inc (NYSE:FBC) – Equities researchers at Piper Sandler lowered their Q1 2020 earnings per share (EPS) estimates for shares of Flagstar Bancorp in a report issued on Tuesday, March 24th. Piper Sandler analyst R. Siefers now expects that the savings and loans company will post earnings per share of $0.84 for the quarter, down from their previous forecast of $0.91. Piper Sandler has a “Overweight” rating and a $39.00 price objective on the stock. Piper Sandler also issued estimates for Flagstar Bancorp’s Q2 2020 earnings at $1.20 EPS, Q4 2020 earnings at $0.64 EPS, FY2020 earnings at $3.59 EPS, Q1 2021 earnings at $0.64 EPS and FY2021 earnings at $3.53 EPS.
Other equities analysts also recently issued research reports about the stock. B. Riley cut their price target on shares of Flagstar Bancorp from $42.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday. ValuEngine raised shares of Flagstar Bancorp from a “strong sell” rating to a “sell” rating in a research report on Monday, March 9th. Zacks Investment Research lowered shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Wedbush reissued an “outperform” rating on shares of Flagstar Bancorp in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $37.00.
NYSE:FBC opened at $19.95 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.22 and a debt-to-equity ratio of 2.97. The company has a market cap of $1.14 billion, a P/E ratio of 5.25 and a beta of 1.27. Flagstar Bancorp has a fifty-two week low of $16.76 and a fifty-two week high of $40.00. The firm’s 50 day moving average is $30.50 and its two-hundred day moving average is $35.63.
Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings results on Tuesday, January 28th. The savings and loans company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.05. The company had revenue of $314.00 million for the quarter, compared to the consensus estimate of $306.93 million. Flagstar Bancorp had a net margin of 15.53% and a return on equity of 11.79%. During the same quarter last year, the firm posted $0.72 earnings per share.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.20 annualized dividend and a dividend yield of 1.00%. This is a positive change from Flagstar Bancorp’s previous quarterly dividend of $0.04. Flagstar Bancorp’s dividend payout ratio is presently 5.78%.
In other Flagstar Bancorp news, EVP James Ciroli acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of $35.35 per share, with a total value of $35,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 49.90% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Resources Management Corp CT ADV acquired a new stake in Flagstar Bancorp during the 3rd quarter valued at $37,000. DekaBank Deutsche Girozentrale acquired a new stake in Flagstar Bancorp during the 4th quarter valued at $43,000. PNC Financial Services Group Inc. grew its holdings in Flagstar Bancorp by 37.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,456 shares of the savings and loans company’s stock valued at $55,000 after purchasing an additional 394 shares in the last quarter. Ancora Advisors LLC acquired a new stake in Flagstar Bancorp during the 4th quarter valued at $55,000. Finally, Macquarie Group Ltd. acquired a new stake in Flagstar Bancorp during the 4th quarter valued at $63,000. 97.11% of the stock is owned by institutional investors.
Flagstar Bancorp Company Profile
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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