Flagstar Bancorp, Inc. (NYSE:FBC – Get Rating) EVP James Ciroli bought 5,000 shares of the stock in a transaction that occurred on Thursday, April 28th. The shares were purchased at an average cost of $36.52 per share, for a total transaction of $182,600.00. Following the completion of the acquisition, the executive vice president now owns 69,632 shares of the company’s stock, valued at $2,542,960.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
NYSE FBC opened at $35.30 on Friday. The stock’s 50-day moving average price is $42.16 and its two-hundred day moving average price is $46.21. The company has a current ratio of 1.17, a quick ratio of 0.79 and a debt-to-equity ratio of 1.43. The company has a market cap of $1.88 billion, a PE ratio of 4.33 and a beta of 1.49. Flagstar Bancorp, Inc. has a 1 year low of $35.17 and a 1 year high of $56.77.
Flagstar Bancorp (NYSE:FBC – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The savings and loans company reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by ($0.37). Flagstar Bancorp had a return on equity of 17.10% and a net margin of 26.33%. During the same period last year, the company posted $3.31 EPS. Research analysts forecast that Flagstar Bancorp, Inc. will post 5.55 EPS for the current fiscal year.
A number of research firms recently issued reports on FBC. Zacks Investment Research raised Flagstar Bancorp from a “sell” rating to a “hold” rating in a report on Monday, March 7th. StockNews.com started coverage on Flagstar Bancorp in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, B. Riley cut their price objective on Flagstar Bancorp from $76.00 to $64.00 in a report on Tuesday, April 12th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $55.00.
Several institutional investors and hedge funds have recently modified their holdings of the company. Bailard Inc. increased its holdings in shares of Flagstar Bancorp by 9.4% in the 1st quarter. Bailard Inc. now owns 18,601 shares of the savings and loans company’s stock valued at $789,000 after purchasing an additional 1,600 shares during the period. Meritage Portfolio Management acquired a new position in shares of Flagstar Bancorp in the 1st quarter valued at about $304,000. Assenagon Asset Management S.A. acquired a new position in shares of Flagstar Bancorp in the 1st quarter valued at about $456,000. Louisiana State Employees Retirement System increased its holdings in shares of Flagstar Bancorp by 1.2% in the 1st quarter. Louisiana State Employees Retirement System now owns 25,900 shares of the savings and loans company’s stock valued at $1,078,000 after purchasing an additional 300 shares during the period. Finally, Strs Ohio increased its holdings in shares of Flagstar Bancorp by 3.5% in the 1st quarter. Strs Ohio now owns 26,500 shares of the savings and loans company’s stock valued at $1,123,000 after purchasing an additional 900 shares during the period. Institutional investors own 93.35% of the company’s stock.
About Flagstar Bancorp (Get Rating)
Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial and consumer banking services to consumer, commercial, and government customers in the United States. It operates in three segments: Community Banking, Mortgage Originations, and Mortgage Servicing.
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