Flagstar Bancorp Inc (NYSE:FBC) CEO Alessandro Dinello purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were acquired at an average cost of $37.31 per share, with a total value of $37,310.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
NYSE FBC traded up $0.39 during trading on Wednesday, reaching $37.17. 14,747 shares of the stock traded hands, compared to its average volume of 244,686. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 12.29 and a beta of 1.25. The stock’s 50-day moving average price is $37.48 and its 200 day moving average price is $34.65. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 2.14. Flagstar Bancorp Inc has a fifty-two week low of $25.30 and a fifty-two week high of $40.00.
Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings data on Tuesday, October 22nd. The savings and loans company reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.07. The firm had revenue of $146.00 million during the quarter, compared to analysts’ expectations of $144.51 million. Flagstar Bancorp had a net margin of 16.26% and a return on equity of 10.70%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 earnings per share. Analysts anticipate that Flagstar Bancorp Inc will post 3.33 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on the stock. B. Riley boosted their price target on shares of Flagstar Bancorp from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Raymond James boosted their price target on shares of Flagstar Bancorp from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, ValuEngine downgraded shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $38.60.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio grew its holdings in Flagstar Bancorp by 7,033.3% during the third quarter. Strs Ohio now owns 21,400 shares of the savings and loans company’s stock valued at $799,000 after purchasing an additional 21,100 shares during the period. Denali Advisors LLC grew its holdings in Flagstar Bancorp by 238.1% during the third quarter. Denali Advisors LLC now owns 32,800 shares of the savings and loans company’s stock valued at $1,225,000 after purchasing an additional 23,100 shares during the period. State of Alaska Department of Revenue grew its holdings in Flagstar Bancorp by 121.4% during the third quarter. State of Alaska Department of Revenue now owns 21,698 shares of the savings and loans company’s stock valued at $810,000 after purchasing an additional 11,899 shares during the period. Maverick Capital Ltd. acquired a new position in Flagstar Bancorp during the second quarter valued at approximately $5,564,000. Finally, United Services Automobile Association grew its holdings in Flagstar Bancorp by 3.6% during the second quarter. United Services Automobile Association now owns 96,608 shares of the savings and loans company’s stock valued at $3,202,000 after purchasing an additional 3,374 shares during the period. Hedge funds and other institutional investors own 96.93% of the company’s stock.
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.
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