Flagstar Bancorp Inc. [NYSE:FBC] will report earnings after markets close on Thursday, January 21st.
FBC Earnings Forecast For The Current Quarter
Flagstar Bancorp Inc. [FBC] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $181.92M and an earnings per share of $2.36 for Dec 2020. Looking further ahead, the company is expected to report revenue of $174.52M at an EPS of $1.96 for Mar 2021. The estimates represent upside of 0.30% and -31.93% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
FBC Earnings Estimates For The Current Year
For the financial year, Flagstar Bancorp Inc. [NYSE:FBC] is expected to bring in revenue of $677.75M. The returns are nearly $115.75 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 9.07, higher than that of FY19 by $5.27. Estimates put this year’s earnings growth at 138.70%, -32.00% for the next, and at an annual 2.00% over the next 5-year period. As for sales, forecasts are for an increase of 20.60% in the current fiscal year and a further 0.30% over the following year.
FBC Price Performance
On Wall Street, Flagstar Bancorp Inc. [NYSE:FBC] finished Tuesday’s session up 1.21% at $45.25. The stock went up to $45.30 at the same session while its lowest single day price was $44.31. In the last five days, it saw a rise of about 6.97%, Flagstar Bancorp Inc. shares gained by almost 11.02% since the beginning of the year. However, the share price has dropped to as low as 0.62% below its one year high. On 01/19/21, the company shares recorded $45.30, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/06/21, the same year at $39.41. The company’s shares have inclined by 20.44% in the past year. The 50-day SMA achieved is $37.80 while the 200-day SMA is $30.89. Volume dropped to 0.41 million from 0.6 million in the previous session.
Flagstar Bancorp Inc. [FBC] Valuation Measures
Notably, Flagstar Bancorp Inc. [FBC] stock can be classified as a good candidate in the listing of underestimated low-priced Banks – Regional companies to purchase soonest possible with the prevailing 12-month PE ratio of 5.86. The measure means the stock is exchanging at a discount as compared to the 12.10x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 2.88 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.51 which means FBC serve an attractive investment opportunity compared to its competitors.
FBC Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 45.25 level, and in case of violation of this particular level, it will cause more drop to 44.61 level. On the upper level, 46.59 is still the key resistance. The stock may increase to the subsequent resistance at 45.94. The Relative Strength Index (RSI) pinned on the 14-day chart is 80.27, implying a overbought technical stance while the MACD stands at 2.64, meaning price will increase in the next trading period. Percent R indicator moved to 0.83%, implying bullish price movement. Stochastic %K at 96.66% suggest selling the stock.
Is Flagstar Bancorp Inc. [NYSE:FBC] a Good Buy Right Now?
It should be noted that FBC technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Flagstar Bancorp Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 0.6 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.84 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.65 million shares.
What is the short interest in Flagstar Bancorp Inc.?
Short interest in the Flagstar Bancorp Inc. stock has plunged, decreasing by -0.16 million shares to total 1.49 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 1.33 million, data from Yahoo Finance shows. The increase of 10.74% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 4.78% of the overall float for the stock.
Flagstar Bancorp Inc.’s Biggest Shareholders: Who Owns Flagstar Bancorp Inc. [FBC]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 5,826,383 shares or roughly 11.08% of the outstanding FBC shares. This means their shares have increased by 894,333 from the 5,826,383 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, The Vanguard Group, Inc. updated stake is worth $219,716,128. Details in the latest 13F filings reveal that Dimensional Fund Advisors LP disposed off their -3.59% stake valued at $185,796,063 while Wellington Management Co. LLP cut theirs at $140,930,798. During the last quarter, Dimensional Fund Advisors LP liquidated -169,962 of its shares in Flagstar Bancorp Inc. while Wellington Management Co. LLP sold -9,011 shares. The Point72 Asset Management LP’s holdings currently number 1,320,627 shares at $59758371.75. According to the firm’s last 13F report, SSgA Funds Management, Inc. shares in the company at filing stood at 1,238,821 shares, roughly $50,494,344.
What are analyst thoughts on Flagstar Bancorp Inc.?
Looking forward to the Flagstar Bancorp Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Flagstar Bancorp Inc. stock at $47.75 within the next 12 months, which represents almost 5.24 per cent growth from its previous closing price of $45.25. The highest analysts’ target for Flagstar Bancorp Inc. stock projections is $56.00 and the lowest one is $46.00. Still, 6 analysts sharing their consensus rating for FBC stock in 2021 agree that it is a Buy.