The CEO & President of Flagstar Bancorp (NYSE: FBC) is Buying Shares

Today, the CEO & President of Flagstar Bancorp (FBCResearch Report), Alessandro Dinello, bought shares of FBC for $7,460.

Following Alessandro Dinello’s last FBC Buy transaction on October 25, 2018, the stock climbed by 6.9%.

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Based on Flagstar Bancorp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $344 million and quarterly net profit of $61 million. In comparison, last year the company earned revenue of $279 million and had a net profit of $48 million. The company has a one-year high of $40.00 and a one-year low of $25.30. FBC’s market cap is $2.08B and the company has a P/E ratio of 10.69.

Starting in August 2019, FBC received 4 Buy ratings in a row.

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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.