Insider Buying: Flagstar Bancorp, Inc. (NYSE: FBC) Executive Vice President Buys 5,000 Shares
Flagstar Bancorp, Inc. (NYSE:FBC – Get Rating) Executive Vice President James Ciroli acquired 5,000 shares of Flagstar Bancorp in a transaction on Thursday, April 28. The shares were purchased at an average cost of $36.52 per share, with a total value of $182,600.00. Following the completion of the transaction, the executive vice president now owns 69,632 shares of the company, valued at $2,542,960.64. The purchase was disclosed in a document filed with the SEC, which is available via this hyperlink.
FBC shares were down $0.70 midday Friday, hitting $35.99. 8,107 shares were traded, against an average volume of 524,848. Flagstar Bancorp, Inc. has a 12-month low of $36.32 and a 12-month high of $56.77. The company has a quick ratio of 0.79, a current ratio of 1.17 and a debt ratio of 1.43. The company has a market capitalization of $1.92 billion, a P/E ratio of 3.66 and a beta of 1.49. The stock’s 50-day simple moving average is $42.37 and its 200-day simple moving average is $46.34.
Flagstar Bancorp (NYSE:FBC – Get Rating) last released its quarterly results on Wednesday, April 27. The savings and loan company reported EPS of $1.02 for the quarter, missing the Zacks consensus estimate of $1.39 per ($0.37). Flagstar Bancorp had a net margin of 28.73% and a return on equity of 22.27%. During the same period last year, the company posted earnings per share of $3.31. As a group, analysts predict Flagstar Bancorp, Inc. will post 5.55 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 19. Investors of record on Monday, May 9 will receive a dividend of $0.06. This represents a dividend of $0.24 on an annualized basis and a yield of 0.67%. The ex-dividend date is Friday, May 6. Flagstar Bancorp’s dividend payout ratio (DPR) is currently 2.41%.
A number of stock analysts have commented on FBC shares. B. Riley cut his price target on Flagstar Bancorp shares from $76.00 to $64.00 in a Tuesday, April 12 research report. StockNews.com began covering Flagstar Bancorp in a report on Thursday, March 31. They set a “hold” rating for the company. Finally, Zacks Investment Research upgraded Flagstar Bancorp from a “sell” rating to a “hold” rating in a Monday, March 7, report. Four research analysts gave the stock a hold rating and one gave the company’s stock a buy rating. According to MarketBeat, Flagstar Bancorp has a consensus rating of “Hold” and an average target price of $55.00.
Institutional investors have recently increased or reduced their stake in the company. Fieldpoint Private Securities LLC increased its position in Flagstar Bancorp by 41.4% in the third quarter. Fieldpoint Private Securities LLC now owns 820 shares of the savings and loan company valued at $42,000 after acquiring an additional 240 shares in the last quarter. Marshall Wace LLP bought a new position in Flagstar Bancorp in the fourth quarter worth about $50,000. UMB Bank NA MO bought a new stake in shares of Flagstar Bancorp during the fourth quarter for a value of approximately $58,000. Captrust Financial Advisors increased its holdings of Flagstar Bancorp shares by 15.1% during the third quarter. Captrust Financial Advisors now owns 1,745 shares of the savings and loan company worth $89,000 after buying 229 more shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings of Flagstar Bancorp shares by 12.9% during the fourth quarter. The Ohio Public Employees Retirement System now owns 2,300 shares of the savings and loan company worth $110,000 after buying 262 more shares in the last quarter. Hedge funds and other institutional investors own 93.35% of the company’s shares.
About Flagstar Bancorp (Get a rating)
Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB, which provides commercial and consumer banking services to consumer, business and government customers in the United States. It operates in three segments: Community Banking, Mortgage Originations and Mortgage Services.
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