$366.15 million in sales expected for Flagstar Bancorp, Inc. (NYSE:FBC) this quarter

Wall Street brokers expect Flagstar Bancorp, Inc. (NYSE:FBC – Get Rating) to report sales of $366.15 million for the current fiscal quarter, according to Zacks. Two analysts have released earnings estimates for Flagstar Bancorp, with the highest sales estimate at $369.30 million and the lowest estimate at $363.00 million. Flagstar Bancorp reported sales of $513.00 million in the same quarter last year, suggesting a negative year-over-year growth rate of 28.6%. The company is due to release its next earnings report on Monday, April 25.

According to Zacks, analysts expect Flagstar Bancorp to report annual sales of $1.48 billion for the current fiscal year, with estimates ranging from $1.44 billion to $1.52 billion. For the next fiscal year, analysts expect the company to record sales of $0.00. Zacks sales averages are an average based on a survey of sell-side research analysts who cover Flagstar Bancorp.

Flagstar Bancorp (NYSE:FBC – Get Rating) last released its quarterly earnings data on Wednesday, January 26. The savings and loan company reported EPS of $1.69 for the quarter, missing analyst consensus estimates of $1.79 per ($0.10). Flagstar Bancorp had a net margin of 28.73% and a return on equity of 22.27%. The company posted revenue of $383.00 million for the quarter, compared to $186.33 million expected by analysts. During the same quarter last year, the company posted EPS of $2.83.

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Separately, Zacks Investment Research upgraded shares of Flagstar Bancorp from a “sell” rating to a “hold” rating in a Monday, March 7, report.

NYSE FBC shares opened at $43.98 on Friday. The stock has a market capitalization of $2.32 billion, a PE ratio of 4.41 and a beta of 1.51. The company has a debt ratio of 1.43, a current ratio of 1.17 and a quick ratio of 0.79. The company has a fifty-day moving average price of $46.15 and a 200-day moving average price of $48.18. Flagstar Bancorp has a 1-year low of $41.41 and a 1-year high of $56.77.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 17. Shareholders of record on Monday, February 7 received a dividend of $0.60 per share. The ex-dividend date was Friday, February 4. This is a positive change from Flagstar Bancorp’s previous quarterly dividend of $0.06. This represents a dividend of $2.40 on an annualized basis and a dividend yield of 5.46%. Flagstar Bancorp’s dividend payout ratio (DPR) is 2.41%.

In other Flagstar Bancorp news, Executive Vice President James Ciroli purchased 2,000 shares in a trade dated Thursday, January 27. The shares were purchased at an average price of $45.80 per share, with a total value of $91,600.00. The acquisition was disclosed in a filing with the SEC, accessible via the SEC’s website. 2.10% of the shares are currently held by company insiders.

A number of hedge funds have recently changed their stock holdings. Fieldpoint Private Securities LLC increased its stake in shares of Flagstar Bancorp by 41.4% during the third quarter. Fieldpoint Private Securities LLC now owns 820 shares of the savings and loan company worth $42,000 after purchasing an additional 240 shares during the period. Marshall Wace LLP acquired a new stake in Flagstar Bancorp in Q4 worth approximately $50,000. UMB Bank NA MO bought a new position in Flagstar Bancorp during Q4, valued at around $58,000. Vaughan Nelson Investment Management LP bought a new position in Flagstar Bancorp in Q3 worth approximately $64,000. Finally, Captrust Financial Advisors increased its stake in shares of Flagstar Bancorp by 15.1% in the third quarter. Captrust Financial Advisors now owns 1,745 shares of the savings and loan company valued at $89,000 after buying 229 additional shares during the period. Institutional investors hold 93.35% of the company’s shares.

About Flagstar Bancorp (Get an assessment)

Flagstar Bancorp, Inc is a bank holding company that provides financial services. It operates through the following segments: Community Banking, Mortgage Originations, Mortgage Services and Others. The Community Banking segment offers loans, deposits, checking and savings accounts, consumer and commercial loans, cash management, equipment leasing and capital markets services.

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