Insider Selling: Flagstar Bancorp Inc (NYSE:FBC) Major Shareholder Sells 900,000 Shares of Stock

Flagstar Bancorp Inc (NYSE:FBC) major shareholder Mp Thrift Investments L.P. sold 900,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $35.96, for a total value of $32,364,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Mp Thrift Investments L.P. also recently made the following trade(s):

  • On Friday, November 1st, Mp Thrift Investments L.P. sold 6,100,000 shares of Flagstar Bancorp stock. The shares were sold at an average price of $35.96, for a total value of $219,356,000.00.

NYSE:FBC traded up $0.01 during trading hours on Friday, hitting $36.43. 13,546 shares of the stock were exchanged, compared to its average volume of 619,824. The company’s 50 day moving average is $37.50 and its two-hundred day moving average is $34.80. Flagstar Bancorp Inc has a twelve month low of $25.30 and a twelve month high of $40.00. The company has a quick ratio of 0.81, a current ratio of 1.12 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $2.07 billion, a P/E ratio of 12.08 and a beta of 1.26.

Flagstar Bancorp (NYSE:FBC) last posted its quarterly earnings data on Tuesday, October 22nd. The savings and loans company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.07. Flagstar Bancorp had a return on equity of 11.20% and a net margin of 16.36%. The firm had revenue of $146.00 million for the quarter, compared to the consensus estimate of $144.51 million. During the same quarter in the prior year, the business earned $0.85 EPS. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, equities research analysts expect that Flagstar Bancorp Inc will post 3.37 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.44%. The ex-dividend date is Friday, November 29th. Flagstar Bancorp’s dividend payout ratio is 5.30%.

Large investors have recently bought and sold shares of the business. B & T Capital Management DBA Alpha Capital Management acquired a new position in Flagstar Bancorp during the 3rd quarter worth $30,000. Captrust Financial Advisors acquired a new position in Flagstar Bancorp during the 2nd quarter worth $33,000. Point72 Hong Kong Ltd acquired a new position in Flagstar Bancorp during the 2nd quarter worth $55,000. Tower Research Capital LLC TRC acquired a new position in Flagstar Bancorp during the 2nd quarter worth $76,000. Finally, Aperio Group LLC acquired a new position in Flagstar Bancorp during the 2nd quarter worth $115,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on FBC. B. Riley boosted their price target on Flagstar Bancorp from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, October 4th. ValuEngine lowered Flagstar Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, November 1st. Zacks Investment Research lowered Flagstar Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, Raymond James reduced their target price on Flagstar Bancorp from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday. One investment 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 stock has an average rating of “Hold” and a consensus target price of $38.40.

About Flagstar Bancorp

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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