Flagstar Bancorp Inc (NYSE:FBC) Major Shareholder Mp Thrift Investments L.P. Sells 900,000 Shares of Stock

Flagstar Bancorp Inc (NYSE:FBC) major shareholder Mp Thrift Investments L.P. sold 900,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $35.96, for a total transaction of $32,364,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Mp Thrift Investments L.P. also recently made the following trade(s):

  • On Friday, November 1st, Mp Thrift Investments L.P. sold 6,100,000 shares of Flagstar Bancorp stock. The shares were sold at an average price of $35.96, for a total transaction of $219,356,000.00.

Shares of Flagstar Bancorp stock opened at $36.33 on Friday. The company has a market capitalization of $2.07 billion, a P/E ratio of 12.03 and a beta of 1.26. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.81 and a current ratio of 1.12. The company has a fifty day moving average of $37.48 and a 200 day moving average of $34.81. Flagstar Bancorp Inc has a fifty-two week low of $25.30 and a fifty-two week high of $40.00.

Flagstar Bancorp (NYSE:FBC) last issued its earnings results on Tuesday, October 22nd. The savings and loans company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.07. The company had revenue of $146.00 million during the quarter, compared to the consensus estimate of $144.51 million. Flagstar Bancorp had a net margin of 16.36% and a return on equity of 11.20%. Flagstar Bancorp’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. Analysts forecast that Flagstar Bancorp Inc will post 3.37 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.44%. The ex-dividend date is Friday, November 29th. Flagstar Bancorp’s dividend payout ratio is currently 5.30%.

Institutional investors have recently modified their holdings of the stock. B & T Capital Management DBA Alpha Capital Management bought a new position in shares of Flagstar Bancorp during the 3rd quarter valued at about $30,000. Captrust Financial Advisors bought a new position in shares of Flagstar Bancorp during the 2nd quarter valued at about $33,000. Point72 Hong Kong Ltd bought a new position in shares of Flagstar Bancorp during the 2nd quarter valued at about $55,000. Tower Research Capital LLC TRC bought a new position in shares of Flagstar Bancorp during the 2nd quarter valued at about $76,000. Finally, Aperio Group LLC bought a new position in shares of Flagstar Bancorp during the 2nd quarter valued at about $115,000. 97.28% of the stock is owned by institutional investors.

A number of equities research analysts have weighed in on the stock. B. Riley boosted their target price on shares of Flagstar Bancorp from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Raymond James cut their price objective on shares of Flagstar Bancorp from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Thursday. Zacks Investment Research downgraded shares of Flagstar Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, ValuEngine downgraded shares of Flagstar Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, November 1st. 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 stock. Flagstar Bancorp presently has a consensus rating of “Hold” and a consensus price target of $38.40.

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.

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