Flagstar Bancorp, Inc. (NYSE: FBC – Get a rating) – Wedbush investment analysts cut their third quarter 2022 earnings per share (EPS) estimates for shares of Flagstar Bancorp in a report released Wednesday, July 27. Wedbush analyst H. Coffey now expects the savings and loan company to post earnings of $1.26 per share for the quarter, down from its previous forecast of $1.35. Flagstar Bancorp’s current annual earnings consensus estimate is $4.80 per share. Wedbush also released estimates for Flagstar Bancorp’s fourth-quarter 2022 earnings at $1.18 EPS and full-year 2022 earnings at $4.58 EPS.
A number of other stock analysts have also published reports on FBC. B. Riley cut his price target on Flagstar Bancorp shares from $44.00 to $40.00 in a Monday, July 11 research report. Keefe, Bruyette & Woods cut Flagstar Bancorp shares from an “outperform” rating to a “market performer” rating and lowered their target price for the stock from $52.25 to $44.00 in a research note from Thursday, June 2. To finish, StockNews.com launched a hedge on Flagstar Bancorp shares in a research note on Thursday, March 31. They have set a “holding” rating on the stock.
Flagstar Bancorp Stock up 3.9%
FBC stock opened at $41.10 on Friday. The company has a 50-day moving average of $36.28 and a 200-day moving average of $40.53. The stock has a market capitalization of $2.19 billion, a PE ratio of 5.04 and a beta of 1.47. The company has a quick ratio of 0.78, a current ratio of 1.05 and a debt ratio of 0.68. Flagstar Bancorp has a 52-week low of $32.71 and a 52-week high of $56.77.
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Flagstar Bancorp (NYSE: FBC – Get a rating) last released its quarterly results on Wednesday, April 27. The savings and loan company reported earnings per share of $1.02 for the quarter, missing analyst consensus estimates of $1.34 per ($0.32). The company posted revenue of $325.00 million in the quarter, versus a consensus estimate of $172.63 million. Flagstar Bancorp had a net margin of 26.33% and a return on equity of 16.92%. In the same quarter a year earlier, the company posted earnings of $3.31 per share.
Flagstar Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 18. Shareholders of record on Monday August 8 will receive a dividend of $0.06 per share. The ex-dividend date is Friday, August 5. This represents a dividend of $0.24 on an annualized basis and a dividend yield of 0.58%. Flagstar Bancorp’s dividend payout ratio is currently 2.94%.
Insider buying and selling
In other Flagstar Bancorp news, Director Peter Schoels purchased 13,500 shares of the company in a trade on Friday, May 27. The stock was purchased at an average price of $37.72 per share, with a total value of $509,220.00. Following the transaction, the director now directly owns 18,579 shares of the company, valued at approximately $700,799.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. 2.60% of the shares are currently held by company insiders.
Institutional investors weigh in on Flagstar Bancorp
Hedge funds and other institutional investors have recently been buying and selling stocks. The Oregon Public Employees Retirement Fund increased its stake in Flagstar Bancorp by 5.1% in the fourth quarter. The Oregon Public Employees Retirement Fund now owns 20,337 shares of the savings and loan company valued at $975,000 after purchasing an additional 989 shares during the period. Advisor Group Holdings Inc. increased its holdings of Flagstar Bancorp shares by 17.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 5,962 shares of the savings and loan company valued at $286,000 after purchasing an additional 865 shares during the period. Janney Montgomery Scott LLC increased its holdings of Flagstar Bancorp shares by 3.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,158 shares of the savings and loan company valued at $535,000 after purchasing 320 additional shares during the period. Invesco Ltd. increased its holdings of Flagstar Bancorp shares by 20.7% in the fourth quarter. Invesco Ltd. now owns 309,285 shares of the savings and loan company valued at $14,827,000 after purchasing an additional 53,004 shares during the period. Finally, Maryland State Retirement & Pension System increased its stake in Flagstar Bancorp shares by 1.5% in the 1st quarter. Maryland State Retirement & Pension System now owns 21,383 shares of the savings and loan company valued at $907,000 after purchasing 308 additional shares during the period. 92.75% of the shares are currently held by institutional investors and hedge funds.
Flagstar Bancorp Company Profile
Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB, which provides commercial and consumer banking services to consumer, business and government customers in the United States. It operates in three segments: Community Banking, Mortgage Originations and Mortgage Services.
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