Today, the EVP and Gen Counsel of Flagstar Bancorp (NYSE: FBC), McGuirk Patrick, bought shares of FBC for $15.91K.
Following this transaction McGuirk Patrick M’s holding in the company was increased by 6.96% to a total of $251.9K. Following McGuirk Patrick M’s last FBC Buy transaction on July 27, 2016, the stock climbed by 3.5%.
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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 $1.72B and the company has a P/E ratio of 21.98. Currently, Flagstar Bancorp has an average volume of 844K.
Starting in June 2018, FBC received 18 Buy ratings in a row. Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $41.67, reflecting a 41.0% upside. Four different firms, including B.Riley FBR and Boenning & Scattergood, currently also have a Buy rating on the stock.
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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.
