Flagstar Bancorp Inc (NYSE:FBC) COO Lee Matthew Smith sold 3,000 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $36.60, for a total value of $109,800.00. Following the transaction, the chief operating officer now directly owns 70,254 shares of the company’s stock, valued at approximately $2,571,296.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Flagstar Bancorp Inc (NYSE:FBC) traded down $0.33 on Friday, hitting $37.42. The company had a trading volume of 64,173 shares, compared to its average volume of 133,098. Flagstar Bancorp Inc has a 12 month low of $25.06 and a 12 month high of $38.79. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 4.04. The company has a market cap of $2,158.60, a PE ratio of 16.00 and a beta of 1.05.
Flagstar Bancorp (NYSE:FBC) last issued its earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The company had revenue of $103.00 million for the quarter, compared to analysts’ expectations of $100.80 million. Flagstar Bancorp had a return on equity of 9.77% and a net margin of 14.56%. Flagstar Bancorp’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same period last year, the business earned $0.96 EPS. analysts anticipate that Flagstar Bancorp Inc will post 2.37 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FBC. EJF Capital LLC raised its position in Flagstar Bancorp by 57.8% in the 3rd quarter. EJF Capital LLC now owns 1,183,841 shares of the savings and loans company’s stock valued at $42,003,000 after buying an additional 433,841 shares during the last quarter. Federated Investors Inc. PA raised its position in Flagstar Bancorp by 121.5% in the 2nd quarter. Federated Investors Inc. PA now owns 443,162 shares of the savings and loans company’s stock valued at $13,658,000 after buying an additional 243,052 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Flagstar Bancorp by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,102,158 shares of the savings and loans company’s stock valued at $95,609,000 after purchasing an additional 232,925 shares during the last quarter. Jacobs Asset Management LLC increased its position in shares of Flagstar Bancorp by 55.7% during the 3rd quarter. Jacobs Asset Management LLC now owns 325,000 shares of the savings and loans company’s stock valued at $11,531,000 after purchasing an additional 116,310 shares during the last quarter. Finally, ClariVest Asset Management LLC increased its position in shares of Flagstar Bancorp by 63.8% during the 2nd quarter. ClariVest Asset Management LLC now owns 295,048 shares of the savings and loans company’s stock valued at $9,093,000 after purchasing an additional 114,902 shares during the last quarter. 97.55% of the stock is owned by institutional investors and hedge funds.
Several research analysts have commented on the company. B. Riley reissued a “buy” rating on shares of Flagstar Bancorp in a research note on Wednesday, November 1st. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Flagstar Bancorp in a research note on Friday, October 6th. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Tuesday, September 26th. BidaskClub downgraded shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Finally, ValuEngine downgraded shares of Flagstar Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $39.57.
COPYRIGHT VIOLATION NOTICE: “Flagstar Bancorp Inc (NYSE:FBC) COO Lee Matthew Smith Sells 3,000 Shares” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2017/12/09/flagstar-bancorp-inc-fbc-coo-sells-109800-00-in-stock.html.
Flagstar Bancorp Company Profile
Flagstar Bancorp, Inc is a savings and loan holding company. The Company’s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB. It operates through four segments: Community Banking, Mortgage Originations, Mortgage Servicing, and Other. Through Mortgage Originations segment, it originates, acquires and sells one- to four-family residential mortgage loans.
Receive News & Ratings for Flagstar Bancorp Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flagstar Bancorp Inc and related companies with MarketBeat.com's FREE daily email newsletter.