Flagstar Bancorp Inc (NYSE:FBC) COO Lee Matthew Smith Sells 3,000 Shares

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.

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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.

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