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Research Analysts Offer Predictions for Flagstar Bancorp, Inc.'s FY2023 Earnings (NYSE:FBC)

Defense World · Aug 1, 2022 03:41

Flagstar Bancorp, Inc. (NYSE:FBC – Get Rating) – Equities research analysts at Wedbush issued their FY2023 earnings estimates for Flagstar Bancorp in a research note issued on Wednesday, July 27th. Wedbush analyst H. Coffey forecasts that the savings and loans company will post earnings per share of $4.75 for the year. The consensus estimate for Flagstar Bancorp's current full-year earnings is $4.80 per share.

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Several other brokerages also recently commented on FBC. Keefe, Bruyette & Woods downgraded shares of Flagstar Bancorp from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $52.25 to $44.00 in a research note on Thursday, June 2nd. B. Riley decreased their target price on shares of Flagstar Bancorp from $44.00 to $40.00 in a research note on Monday, July 11th.

Flagstar Bancorp Trading Up 0.2 %

FBC stock opened at $41.20 on Monday. The company has a market capitalization of $2.19 billion, a PE ratio of 5.05 and a beta of 1.47. Flagstar Bancorp has a one year low of $32.71 and a one year high of $56.77. The company's 50 day moving average price is $36.39 and its two-hundred day moving average price is $40.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.78 and a current ratio of 1.05.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund boosted its holdings in shares of Flagstar Bancorp by 5.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 20,337 shares of the savings and loans company's stock valued at $975,000 after buying an additional 989 shares in the last quarter. Advisor Group Holdings Inc. boosted its holdings in shares of Flagstar Bancorp by 17.0% during the 4th quarter. Advisor Group Holdings Inc. now owns 5,962 shares of the savings and loans company's stock valued at $286,000 after buying an additional 865 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Flagstar Bancorp by 3.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 11,158 shares of the savings and loans company's stock valued at $535,000 after buying an additional 320 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Flagstar Bancorp by 20.7% during the 4th quarter. Invesco Ltd. now owns 309,285 shares of the savings and loans company's stock valued at $14,827,000 after buying an additional 53,004 shares in the last quarter. Finally, Maryland State Retirement & Pension System boosted its holdings in shares of Flagstar Bancorp by 1.5% during the 1st quarter. Maryland State Retirement & Pension System now owns 21,383 shares of the savings and loans company's stock valued at $907,000 after buying an additional 308 shares in the last quarter. 92.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Peter Schoels acquired 13,500 shares of Flagstar Bancorp stock in a transaction on Friday, May 27th. The shares were acquired at an average cost of $37.72 per share, with a total value of $509,220.00. Following the transaction, the director now owns 18,579 shares in the company, valued at $700,799.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.60% of the stock is owned by insiders.

Flagstar Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Investors of record on Monday, August 8th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, August 5th. Flagstar Bancorp's payout ratio is 2.94%.

Flagstar Bancorp Company Profile

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Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that 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 Servicing.