Flagstar Bancorp Inc.’s recently made public that its EVP and President of Banking Davis Reginald E unloaded Company’s shares for reported $30210.0 on Aug 09. In the deal valued at $40.28 per share,750 shares were sold. As a result of this transaction, Davis Reginald E now holds 1,148 shares worth roughly $ 40799.92.
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Then, Schoels Peter bought 13,500 shares, generating $509,190 in total proceeds. Upon buying the shares at $37.72, the Director now owns 18,579 shares.
Before that, Buck Karen bought 500 shares. Flagstar Bancorp Inc. shares valued at $18,164 were divested by the EVP and Director of Operations at a price of $36.33 per share. As a result of the transaction, Buck Karen now holds 3,500 shares, worth roughly $0.12 million.
B. Riley Securities downgraded its Flagstar Bancorp Inc. [FBC] rating to a Neutral from a a Buy in a research note published on Friday, June 14, 2022; the price target was decreased to $44 from $64. PT values the company’s stock at a premium of 19.23 to its Friday closing price. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in early June from “an Outperform” to “a Mkt perform”. Raymond James also remained covering FBC and has decreased its forecast on May 04, 2021 with a “Mkt perform” recommendation from previously “Strong buy” rating. Wedbush revised its rating on April 27, 2021. It rated FBC as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of FBC
On Friday, Flagstar Bancorp Inc. [NYSE:FBC] saw its stock jump 2.42% to $35.54. On the same session, the stock had its day’s lowest price of $34.81, but rose to a high of $36.03. Over the last five days, the stock has lost -0.81%. Flagstar Bancorp Inc. shares have fallen nearly -20.52% since the year began. Nevertheless, the stocks have fallen -21.05% over the past one year. While a 52-week high of $49.72 was reached on 01/13/22, a 52-week low of $28.75 was recorded on 10/20/22. SMA at 50 days reached $35.53, while 200 days put it at $38.95. A total of 2.89 million shares were traded, compared to the trading of 2.71 million shares in the previous session.
Levels Of Support And Resistance For FBC Stock
The 24-hour chart illustrates a support level at 34.89, which if violated will result in even more drops to 34.24. On the upside, there is a resistance level at 36.11. A further resistance level may holdings at 36.68. The Relative Strength Index (RSI) on the 14-day chart is 62.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 49.36%. Stochastics %K at 64.23% indicates the stock is a holding.
How much short interest is there in Flagstar Bancorp Inc.?
A steep rise in short interest was recorded in Flagstar Bancorp Inc. stocks on Jul 14, 2022, dropping by -0.31 million shares to a total of 2.68 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.99 million shares. There was a decline of -11.57%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.92% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.
Flagstar Bancorp Inc. [FBC] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 7,242,041 shares, or roughly 13.58% of the outstanding FBC shares. In other words, the investor’s shares have fallen by -63,407 from its previous 13-F filing of 7305448.0. Additionally, The Vanguard Group, Inc. increased 1.10% of its stake after which the total value it holdings stand at $182,747,599, while Dimensional Fund Advisors LP added 5.83% of its stake to hold $134.92 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -2,898 shares of Flagstar Bancorp Inc., while First Trust Capital Management LP sold 531,789 shares. At present, Wellington Management Co. LLP is holding 1,688,405 shares valued at $56.39 million. Bayview Asset Management LLC owned 1,582,596 shares of the company at the time of its most recent 13F filing, worth $52.86 million.
According to FactSet, Flagstar Bancorp Inc.’s share price will average $38.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 9.51 percent from its previous closing price of $34.70. Analysts expect Flagstar Bancorp Inc. stock to reach the higher price of $40.00, while the lowest price estimate is $36.00. However, 3 analysts have rated FBC stock as a Hold in their predictions for 2022. The most recent change occurred on December 30, 2020 when Raymond James resumed its ‘”a Strong buy”‘ rating for the stock and retained the price target to $56.