Flagstar Bancorp Inc (FBC) COO Lee Matthew Smith Sells 3,000 Shares

Flagstar Bancorp Inc (NYSE:FBC) COO Lee Matthew Smith sold 3,000 shares of the stock in a transaction that occurred on Tuesday, July 24th. The shares were sold at an average price of $34.63, for a total transaction of $103,890.00. Following the completion of the transaction, the chief operating officer now directly owns 99,330 shares of the company’s stock, valued at approximately $3,439,797.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Lee Matthew Smith also recently made the following trade(s):

  • On Monday, June 25th, Lee Matthew Smith sold 3,000 shares of Flagstar Bancorp stock. The shares were sold at an average price of $34.97, for a total transaction of $104,910.00.
  • On Thursday, May 24th, Lee Matthew Smith sold 3,000 shares of Flagstar Bancorp stock. The shares were sold at an average price of $35.12, for a total transaction of $105,360.00.

Shares of NYSE FBC opened at $34.10 on Friday. Flagstar Bancorp Inc has a 52-week low of $30.85 and a 52-week high of $40.06. The company has a quick ratio of 0.82, a current ratio of 1.29 and a debt-to-equity ratio of 3.81. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 12.52 and a beta of 1.09.

Several institutional investors and hedge funds have recently bought and sold shares of FBC. BlackRock Inc. increased its position in shares of Flagstar Bancorp by 50.1% during the second quarter. BlackRock Inc. now owns 2,319,761 shares of the savings and loans company’s stock worth $79,474,000 after buying an additional 774,298 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Flagstar Bancorp by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,033,251 shares of the savings and loans company’s stock worth $138,181,000 after buying an additional 345,602 shares during the period. Wells Fargo & Company MN increased its position in shares of Flagstar Bancorp by 232.1% during the second quarter. Wells Fargo & Company MN now owns 241,574 shares of the savings and loans company’s stock worth $8,277,000 after buying an additional 168,839 shares during the period. Nuveen Asset Management LLC increased its position in shares of Flagstar Bancorp by 12.3% during the first quarter. Nuveen Asset Management LLC now owns 1,175,117 shares of the savings and loans company’s stock worth $41,599,000 after buying an additional 128,297 shares during the period. Finally, Delek Group Ltd. acquired a new stake in shares of Flagstar Bancorp during the second quarter worth $3,914,000. Institutional investors own 82.82% of the company’s stock.

Several equities analysts have issued reports on FBC shares. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. ValuEngine cut shares of Flagstar Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Boenning Scattergood restated a “buy” rating on shares of Flagstar Bancorp in a research report on Wednesday, April 25th. Keefe, Bruyette & Woods upgraded shares of Flagstar Bancorp from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 27th. Finally, Compass Point upgraded shares of Flagstar Bancorp from a “neutral” rating to a “buy” rating in a research report on Monday, May 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $40.88.

Flagstar Bancorp Company Profile

Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial, small business, 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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