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

Flagstar Bancorp Inc (NYSE:FBC) COO Lee Matthew Smith sold 3,000 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $36.60, for a total transaction of $109,800.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Flagstar Bancorp Inc (NYSE:FBC) traded up $0.87 during trading on Friday, hitting $37.41. 332,678 shares of the stock were exchanged, compared to its average volume of 182,070. The firm has a market cap of $2,109.43, a PE ratio of 15.63 and a beta of 1.05. Flagstar Bancorp Inc has a fifty-two week low of $25.06 and a fifty-two week high of $38.79. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 4.04.

Flagstar Bancorp (NYSE:FBC) last announced its earnings results on Tuesday, October 24th. The savings and loans company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $103.00 million for the quarter, compared to analysts’ expectations of $100.80 million. Flagstar Bancorp had a net margin of 14.56% and a return on equity of 9.77%. The company’s quarterly revenue was up 28.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 EPS. equities analysts expect that Flagstar Bancorp Inc will post 2.37 EPS for the current year.

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in Flagstar Bancorp in the 3rd quarter valued at $144,000. US Bancorp DE grew its position in Flagstar Bancorp by 0.5% in the 2nd quarter. US Bancorp DE now owns 4,205 shares of the savings and loans company’s stock valued at $130,000 after buying an additional 23 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Flagstar Bancorp by 105.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,281 shares of the savings and loans company’s stock valued at $132,000 after buying an additional 2,193 shares during the last quarter. Advisors Asset Management Inc. grew its position in Flagstar Bancorp by 13.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,811 shares of the savings and loans company’s stock valued at $148,000 after buying an additional 582 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Flagstar Bancorp by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 5,183 shares of the savings and loans company’s stock valued at $159,000 after buying an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 97.55% of the company’s stock.

FBC has been the subject of several research analyst reports. BidaskClub lowered shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Zacks Investment Research lowered shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $35.00 target price on shares of Flagstar Bancorp in a report on Monday, August 28th. Raymond James Financial started coverage on shares of Flagstar Bancorp in a report on Thursday, August 31st. They issued an “outperform” rating and a $36.00 target price on the stock. Finally, ValuEngine raised shares of Flagstar Bancorp from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target 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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