Flagstar Bancorp, Inc. (NYSE: FBC – Get a rating) – Wedbush equity research analysts dropped their fiscal 2022 earnings per share estimates for Flagstar Bancorp in a research report released Thursday, April 28. Wedbush analyst H. Coffey now expects the savings and loan company to post earnings of $5.28 per share for the year, down from its previous forecast of $5.60. Flagstar Bancorp (NYSE: FBC – Get a rating) last released its quarterly earnings data on Wednesday, April 27. The savings and loan company reported earnings per share of $1.02 for the quarter, missing the consensus estimate of $1.39 per ($0.37). Flagstar Bancorp had a net margin of 26.33% and a return on equity of 17.10%. In the same quarter of the previous year, the company achieved EPS of $3.31.
Several other equity research analysts have also recently weighed in on FBC. B. Riley reduced his target price on Flagstar Bancorp shares from $76.00 to $64.00 in a Tuesday, April 12 research note. StockNews.com began covering Flagstar Bancorp shares in a report on Thursday, March 31. They issued a “hold” rating on the stock. To finish, Zacks Investment Research upgraded Flagstar Bancorp shares from a “sell” rating to a “hold” rating in a Monday, March 7 research report. Four research analysts gave the stock a hold rating and one issued the company’s stock a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $55.00.
NYSE:FBC shares opened at $35.30 on Monday. The company has a current ratio of 1.17, a quick ratio of 0.79 and a debt ratio of 1.43. The stock’s fifty-day moving average is $42.16. Flagstar Bancorp has a fifty-two week low of $35.17 and a fifty-two week high of $56.77. The company has a market capitalization of $1.88 billion, a price-earnings ratio of 4.33 and a beta of 1.49.
Major investors have recently changed their stake in the company. Fieldpoint Private Securities LLC increased its stake in 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 purchased a new stake in Flagstar Bancorp during the fourth quarter for approximately $50,000. UMB Bank NA MO purchased a new stake in Flagstar Bancorp during the fourth quarter worth approximately $58,000. Captrust Financial Advisors increased its stake in Flagstar Bancorp by 15.1% during the third quarter. Captrust Financial Advisors now owns 1,745 shares of the savings and loan company worth $89,000 after buying 229 additional shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in Flagstar Bancorp by 12.9% during the fourth quarter. The Ohio Public Employees Retirement System now owns 2,300 shares of the savings and loan company worth $110,000 after purchasing an additional 262 shares during the period. Institutional investors hold 93.35% of the company’s shares.
In other Flagstar Bancorp news, EVP James Ciroli bought 5,000 shares of the company in a trade on Thursday, April 28. The shares were purchased at an average cost of $36.52 per share, for a total transaction of $182,600.00. Following the completion of the purchase, the executive vice president now directly owns 69,632 shares of the company, valued at $2,542,960.64. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Company insiders own 2.10% of the company’s shares.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 19. Shareholders of record on Monday, May 9 will receive a dividend of $0.06. The ex-dividend date is Friday, May 6. This represents a dividend of $0.24 on an annualized basis and a yield of 0.68%. Flagstar Bancorp’s payout ratio is currently 2.94%.
About Flagstar Bancorp (Get a rating)
Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB, which provides commercial and consumer banking services to consumer, commercial and government customers in the United States. It operates in three segments: Community Banking, Mortgage Originations and Mortgage Services.
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