Flagstar Bancorp Inc (NYSE:FBC) CEO Alessandro Dinello acquired 1,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were purchased at an average cost of $37.31 per share, for a total transaction of $37,310.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NYSE:FBC traded up $0.39 during midday trading on Wednesday, reaching $37.17. The company had a trading volume of 14,747 shares, compared to its average volume of 244,686. The company’s 50 day moving average price is $37.48 and its 200 day moving average price is $34.65. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 2.14. The stock has a market cap of $2.19 billion, a P/E ratio of 12.29 and a beta of 1.25. Flagstar Bancorp Inc has a 52-week low of $25.30 and a 52-week high of $40.00.
Flagstar Bancorp (NYSE:FBC) last issued its quarterly earnings results on Tuesday, October 22nd. The savings and loans company reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.07. The company had revenue of $146.00 million for the quarter, compared to the consensus estimate of $144.51 million. Flagstar Bancorp had a net margin of 16.26% and a return on equity of 10.70%. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. Research analysts forecast that Flagstar Bancorp Inc will post 3.33 EPS for the current fiscal year.
A number of equities analysts have issued reports on FBC shares. ValuEngine downgraded shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research downgraded shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. Raymond James lifted their price objective on shares of Flagstar Bancorp from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, B. Riley lifted their price objective on shares of Flagstar Bancorp from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Flagstar Bancorp has an average rating of “Hold” and a consensus price target of $38.60.
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.
Receive News & Ratings for Flagstar Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flagstar Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.