Today, the CEO & President of Flagstar Bancorp (NYSE: FBC), Alessandro Dinello, bought shares of FBC for $29.08K.
Following Alessandro Dinello’s last FBC Buy transaction on March 27, 2017, the stock climbed by 2.3%. In addition to Alessandro Dinello, one other FBC executive reported Buy trades in the last month.
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Based on Flagstar Bancorp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $290 million and quarterly net profit of $48 million. In comparison, last year the company earned revenue of $275 million and had a net profit of $40 million. FBC’s market cap is $1.65B and the company has a P/E ratio of 19.19. Currently, Flagstar Bancorp has an average volume of 48.49K.
Starting in June 2018, FBC received 18 Buy ratings in a row. Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $42.50, reflecting a 47.3% upside. Three different firms, including B.Riley FBR and Boenning & Scattergood, currently also have a Buy rating on the stock.
The insider sentiment on Flagstar Bancorp has been positive according to 53 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Flagstar Bancorp, Inc. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Mortgage Originations, Mortgage Servicing, Community Banking, and Other. The Mortgage Originations segment acquires and markets residential mortgage loans.
