Flagstar Bancorp Inc (NYSE:FBC) – Stock analysts at B. Riley decreased their Q2 2020 earnings estimates for Flagstar Bancorp in a report released on Wednesday, January 29th. B. Riley analyst S. Moss now forecasts that the savings and loans company will earn $0.95 per share for the quarter, down from their prior estimate of $1.03. B. Riley has a “Buy” rating and a $42.00 price objective on the stock.
Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings data on Tuesday, January 28th. The savings and loans company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.05. Flagstar Bancorp had a net margin of 15.53% and a return on equity of 11.79%. The company had revenue of $314.00 million for the quarter, compared to analysts’ expectations of $306.93 million. During the same quarter last year, the company earned $0.72 earnings per share.
A number of other research firms have also recently weighed in on FBC. Raymond James raised their price objective on shares of Flagstar Bancorp from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. ValuEngine raised shares of Flagstar Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 21st. Finally, Zacks Investment Research cut shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $40.25.
FBC stock opened at $35.24 on Thursday. The company has a current ratio of 1.22, a quick ratio of 0.81 and a debt-to-equity ratio of 2.97. Flagstar Bancorp has a twelve month low of $30.57 and a twelve month high of $40.00. The company’s 50 day moving average is $37.82 and its two-hundred day moving average is $36.65. The stock has a market cap of $2.00 billion, a P/E ratio of 9.27 and a beta of 1.27.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bailard Inc. purchased a new position in shares of Flagstar Bancorp during the fourth quarter worth approximately $532,000. State of New Jersey Common Pension Fund D purchased a new position in shares of Flagstar Bancorp during the fourth quarter worth approximately $2,295,000. RDA Financial Network grew its position in shares of Flagstar Bancorp by 23.4% during the fourth quarter. RDA Financial Network now owns 11,600 shares of the savings and loans company’s stock worth $410,000 after acquiring an additional 2,200 shares during the last quarter. Denali Advisors LLC grew its position in shares of Flagstar Bancorp by 82.0% during the fourth quarter. Denali Advisors LLC now owns 59,700 shares of the savings and loans company’s stock worth $2,284,000 after acquiring an additional 26,900 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Flagstar Bancorp by 73.1% during the fourth quarter. Russell Investments Group Ltd. now owns 85,760 shares of the savings and loans company’s stock worth $3,283,000 after acquiring an additional 36,218 shares during the last quarter. Institutional investors and hedge funds own 85.24% of the company’s stock.
In other Flagstar Bancorp news, EVP James Ciroli bought 1,000 shares of the stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average cost of $35.35 per share, for a total transaction of $35,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Mp Thrift Investments L.P. sold 900,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $35.96, for a total transaction of $32,364,000.00. The disclosure for this sale can be found here. Company insiders own 49.90% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.05 per share. The ex-dividend date is Friday, February 28th. This is a positive change from Flagstar Bancorp’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.57%. Flagstar Bancorp’s dividend payout ratio (DPR) is 4.62%.
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.