Flagstar Bancorp Inc (NYSE:FBC) – Analysts at B. Riley lowered their Q3 2020 EPS estimates for shares of Flagstar Bancorp in a research report issued to clients and investors on Wednesday, March 25th. B. Riley analyst S. Moss now forecasts that the savings and loans company will post earnings of $0.99 per share for the quarter, down from their prior estimate of $1.03. B. Riley currently has a “Buy” rating and a $27.00 price target on the stock.

Several other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Friday. Wedbush reissued an “outperform” rating on shares of Flagstar Bancorp in a research note on Thursday, February 6th. Piper Sandler raised shares of Flagstar Bancorp from a “neutral” rating to an “overweight” rating and set a $39.00 price objective for the company in a research note on Wednesday, February 26th. Finally, ValuEngine raised shares of Flagstar Bancorp from a “strong sell” rating to a “sell” rating in a research note on Monday, March 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $37.00.

NYSE FBC opened at $19.95 on Friday. The firm has a 50 day simple moving average of $30.50 and a 200-day simple moving average of $35.63. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.82 and a current ratio of 1.22. Flagstar Bancorp has a one year low of $16.76 and a one year high of $40.00. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 5.25 and a beta of 1.27.

Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings data on Tuesday, January 28th. The savings and loans company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.05. Flagstar Bancorp had a net margin of 15.53% and a return on equity of 11.79%. The business had revenue of $314.00 million during the quarter, compared to analyst estimates of $306.93 million. During the same quarter last year, the firm posted $0.72 earnings per share.

A number of institutional investors have recently modified their holdings of FBC. First Trust Advisors LP lifted its stake in Flagstar Bancorp by 2.0% in the third quarter. First Trust Advisors LP now owns 42,058 shares of the savings and loans company’s stock worth $1,571,000 after acquiring an additional 840 shares during the last quarter. California State Teachers Retirement System lifted its stake in Flagstar Bancorp by 1.8% in the third quarter. California State Teachers Retirement System now owns 44,733 shares of the savings and loans company’s stock worth $1,671,000 after acquiring an additional 805 shares during the last quarter. Voloridge Investment Management LLC purchased a new position in Flagstar Bancorp in the third quarter worth approximately $349,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in Flagstar Bancorp in the third quarter worth approximately $11,870,000. Finally, Man Group plc lifted its stake in Flagstar Bancorp by 12.9% in the third quarter. Man Group plc now owns 58,375 shares of the savings and loans company’s stock worth $2,181,000 after acquiring an additional 6,678 shares during the last quarter. Institutional investors own 97.11% of the company’s stock.

In other Flagstar Bancorp news, EVP James Ciroli acquired 1,000 shares of the stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average price of $35.35 per share, with a total value of $35,350.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 49.90% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $0.05 dividend. This is a positive change from Flagstar Bancorp’s previous quarterly dividend of $0.04. The ex-dividend date was Friday, February 28th. This represents a $0.20 annualized dividend and a dividend yield of 1.00%. Flagstar Bancorp’s dividend payout ratio (DPR) is presently 5.78%.

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



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