Flagstar Bancorp Target of Unusually Large Options Trading (NYSE:FBC)

Flagstar Bancorp, Inc. (NYSE:FBCGet Rating) saw unusually large options trading activity on Monday. Stock investors acquired 10,002 call options on the company. This is an increase of 9,076% compared to the typical daily volume of 109 call options.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods cut shares of Flagstar Bancorp from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $52.25 to $44.00 in a report on Thursday, June 2nd. B. Riley dropped their price objective on shares of Flagstar Bancorp from $44.00 to $40.00 in a report on Monday, July 11th.

Flagstar Bancorp Stock Up 1.3 %

Flagstar Bancorp stock opened at $39.29 on Tuesday. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 6.01 and a beta of 1.49. The company has a current ratio of 1.18, a quick ratio of 0.90 and a debt-to-equity ratio of 1.63. The company’s 50-day moving average price is $38.96 and its two-hundred day moving average price is $38.89. Flagstar Bancorp has a 52 week low of $32.71 and a 52 week high of $56.77.

Flagstar Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 18th. Shareholders of record on Monday, August 8th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.24 annualized dividend and a yield of 0.61%. Flagstar Bancorp’s payout ratio is 3.67%.

Insiders Place Their Bets

In related news, EVP Reginald E. Davis sold 750 shares of the stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $40.28, for a total value of $30,210.00. Following the sale, the executive vice president now owns 1,148 shares of the company’s stock, valued at approximately $46,241.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Flagstar Bancorp

Several large investors have recently bought and sold shares of FBC. EMC Capital Management increased its stake in Flagstar Bancorp by 50.1% during the 2nd quarter. EMC Capital Management now owns 4,432 shares of the savings and loans company’s stock valued at $157,000 after buying an additional 1,479 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Flagstar Bancorp during the 2nd quarter valued at about $174,000. FMR LLC boosted its position in shares of Flagstar Bancorp by 10.3% during the 2nd quarter. FMR LLC now owns 4,919 shares of the savings and loans company’s stock valued at $175,000 after purchasing an additional 459 shares in the last quarter. Wolverine Trading LLC bought a new position in shares of Flagstar Bancorp during the 4th quarter valued at about $206,000. Finally, Inspire Investing LLC boosted its position in shares of Flagstar Bancorp by 7.1% during the 2nd quarter. Inspire Investing LLC now owns 5,951 shares of the savings and loans company’s stock valued at $211,000 after purchasing an additional 394 shares in the last quarter. Institutional investors and hedge funds own 90.34% of the company’s stock.

About Flagstar Bancorp

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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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