Stock Move on Wall-Street Radar – Flagstar Bancorp, Inc. (NYSE:FBC)

On Friday, Flagstar Bancorp, Inc. (NYSE:FBC) remained among the day gainers and traded with change of 0.69% on volume of 225,129 shares in the last session as compared to average volume of 153391 shares. During last trade its minimum price was $36.42 and it gained highest price of $36.85. FBC has total market capitalization of $2.08B. Its closing value stands at $36.66.

The stock was up in the 5 days activity 0.19%. The one month performance of stock was high 2.66%. FBC shares are above -0.62% for the quarter and driving a 32.30% rally over the course of the past year and is now up -2.03% since this point in 2018.  Right now FBC beta is 1.23. The average volatility for the week and month was at 2.03% 2.00% respectively.”

Flagstar Bancorp, Inc. (NYSE:FBC) today reported that its wholly owned subsidiary Flagstar Bank, FSB, has closed its previously announced transaction to acquire eight Desert Community Bank branches in San Bernardino County, Calif., with approximately $600 million in deposits, from East West Bank along with certain related assets. Terms of the transaction were not disclosed.

Alessandro DiNello, president and chief executive officer of Flagstar Bancorp, Inc said “We’re happy to welcome the customers and employees of Desert Community Bank to the Flagstar family”. “Customers can expect the same relationship banking they are accustomed to, delivered by the talented team of Desert Community bankers they know so well. In fact, we plan to bring enhancements to our customers’ banking experience with more products and services.

“We’re especially pleased to have Desert Community’s experienced bankers onboard to continue their tradition of great customer service and community support. Community matters to Flagstar, as it always has to Desert Community Bank. That’s why we have every intention of not just maintaining Desert Community’s legacy of community investment, but expanding it.”

Shares of Flagstar Bancorp, Inc. have been recently spotted trading -8.49% off of the 52-week high price. On the other end, company shares have been noted 39.37% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 26.31 – 40.06. Switching over to some distances from popular moving averages, we see that the stock has been recorded -0.25% away from the 50 day moving average and 6.08% away from the 200 day moving average. Moving closer, we can see that shares have been trading 1.79% off of the 20-day moving average.

Samuel Dinger

Samuel Dinger joined us, after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. He earned bachelor degree from Union College with a focus in Business Administration. Samuel is the Senior Editor and market movers section. He also holds an MBA from Penn State University. He has two daughter and two children. Address: 1116 Christie Way, Cambridge, Massachusetts Email: Samuel@newscontrol.info

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