Insider Buying: Flagstar Bancorp, Inc. (NYSE: FBC) Manager Buys 13,500 Shares

Flagstar Bancorp, Inc. (NYSE: FBC – Get a rating) Manager Peter Schoels bought 13,500 shares in a trade on Friday, May 27. The shares were purchased at an average cost of $37.72 per share, for a total transaction of $509,220.00. Following the acquisition, the director now directly owns 18,579 shares of the company, valued at $700,799.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available via the SEC website.

Shares of NYSE FBC traded at $0.09 during Friday’s midday session, hitting $38.15. The company had a trading volume of 235,626 shares, against an average volume of 543,409. The company’s 50-day moving average is $38.85 and its 200-day moving average is $44.17. The company has a current ratio of 1.05, a quick ratio of 0.78 and a debt ratio of 0.66. The stock has a market capitalization of $2.03 billion, a price-earnings ratio of 4.66 and a beta of 1.51. Flagstar Bancorp, Inc. has a 52-week low of $33.02 and a 52-week high of $56.77.

Flagstar Bancorp (NYSE: FBC – Get a rating) last released its quarterly results on Wednesday, April 27. The savings and loan company reported EPS of $1.02 for the quarter, missing analyst consensus estimates of $1.34 per ($0.32). Flagstar Bancorp had a return on equity of 16.92% and a net margin of 26.33%. The company posted revenue of $325.00 million in the quarter, versus a consensus estimate of $172.63 million. In the same quarter a year earlier, the company posted earnings per share of $3.31. As a group, equity research analysts expect Flagstar Bancorp, Inc. to post earnings per share of 4.93 for the current year.

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The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 19. Investors of record on Monday, May 9 received a dividend of $0.06. This represents a dividend of $0.24 on an annualized basis and a yield of 0.63%. The ex-dividend date was Friday, May 6. Flagstar Bancorp’s dividend payout ratio (DPR) is currently 2.94%.

Several research companies have recently commented on FBC. Zacks Investment Research downgraded shares of Flagstar Bancorp from a “hold” rating to a “sell” rating in a Thursday, May 5, report. B. Riley cut his price target on Flagstar Bancorp shares from $76.00 to $64.00 in a Tuesday, April 12 research report. To finish, alleged coverage of Flagstar Bancorp shares in a Thursday, March 31 research report. They have set a “holding” rating on the stock.

A number of large investors have recently increased or reduced their stakes in the stock. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Flagstar Bancorp by 508.2% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 69,892 shares of the savings and loan company worth $2,963,000 after acquiring an additional 58,400 shares during the period. Jane Street Group LLC purchased a new stake in shares of Flagstar Bancorp during the first quarter worth approximately $237,000. Royal Bank of Canada increased its position in shares of Flagstar Bancorp by 1,048.8% during the first quarter. Royal Bank of Canada now owns 105,838 shares of the savings and loan company valued at $4,488,000 after buying an additional 96,625 shares in the last quarter. Sarissa Consulting LLC purchased a new stake in shares of Flagstar Bancorp during the first quarter worth approximately $256,000. Finally, EHP Funds Inc. purchased a new equity stake in Flagstar Bancorp during the first quarter valued at approximately $4,637,000. 92.75% of the shares are held by institutional investors.

Flagstar Bancorp Company Profile (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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