Flagstar Bancorp (NYSE:FBC) Reaches New 12-Month High at $43.57


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Flagstar Bancorp, Inc. (NYSE:FBC)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $43.57 and last traded at $43.57, with a volume of 205 shares traded. The stock had previously closed at $43.15.

Several equities research analysts recently issued reports on FBC shares. TheStreet upgraded Flagstar Bancorp from a “c+” rating to a “b-” rating in a research note on Thursday, September 17th. Compass Point increased their price objective on shares of Flagstar Bancorp from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, December 17th. Raymond James increased their price objective on shares of Flagstar Bancorp from $46.00 to $56.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, December 30th. Piper Sandler raised their price target on shares of Flagstar Bancorp from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, October 26th. Finally, B. Riley increased their price objective on shares of Flagstar Bancorp from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, December 14th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $46.67.

The company has a debt-to-equity ratio of 1.79, a current ratio of 1.22 and a quick ratio of 0.83. The company’s 50-day simple moving average is $38.99 and its 200 day simple moving average is $32.83. The firm has a market cap of $2.31 billion, a P/E ratio of 5.65 and a beta of 1.77.

Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings data on Wednesday, October 21st. The savings and loans company reported $3.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $1.56. Flagstar Bancorp had a net margin of 22.44% and a return on equity of 22.68%. The business had revenue of $632.00 million during the quarter, compared to analyst estimates of $174.68 million. During the same quarter last year, the business earned $1.06 earnings per share. Analysts anticipate that Flagstar Bancorp, Inc. will post 9.1 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, November 30th. This represents a $0.20 annualized dividend and a yield of 0.45%. Flagstar Bancorp’s dividend payout ratio (DPR) is currently 5.78%.

In other news, Director David J. Matlin sold 9,112,705 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $30.19, for a total value of $275,112,563.95. Also, EVP James Ciroli bought 2,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was purchased at an average price of $30.12 per share, with a total value of $60,240.00. The disclosure for this purchase can be found here. 37.70% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC bought a new position in shares of Flagstar Bancorp in the 3rd quarter valued at about $25,000. Point72 Hong Kong Ltd boosted its stake in shares of Flagstar Bancorp by 457.8% in the 3rd quarter. Point72 Hong Kong Ltd now owns 4,128 shares of the savings and loans company’s stock valued at $122,000 after purchasing an additional 3,388 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Flagstar Bancorp by 45.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,234 shares of the savings and loans company’s stock valued at $155,000 after purchasing an additional 1,635 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Flagstar Bancorp by 7.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,528 shares of the savings and loans company’s stock valued at $163,000 after purchasing an additional 372 shares during the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of Flagstar Bancorp in the 4th quarter valued at approximately $201,000. Hedge funds and other institutional investors own 86.82% of the company’s stock.

Flagstar Bancorp Company Profile (NYSE:FBC)

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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