Flagstar Bancorp Inc. (FBC) Plunges 5.06% on September 21

Equities Staff  |

Flagstar Bancorp Inc. (FBC) had a rough trading day for Monday September 21 as shares tumbled 5.06%, or a loss of $-1.55 per share, to close at $29.10. After opening the day at $29.70, shares of Flagstar Bancorp Inc. traded as high as $29.86 and as low as $28.59. Volume was 635,538 shares over 7,982 trades, against an average daily volume of n/a shares and a total float of 56.94 million.

As a result of the decline, Flagstar Bancorp Inc. now has a market cap of $1.66 billion. In the last year, shares of Flagstar Bancorp Inc. have traded between a range of $40.00 and $16.77, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

For a complete fundamental analysis of Flagstar Bancorp Inc., check out Equities.com’s Stock Valuation Analysis report for FBC.

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Headquartered in Troy, Mich., Flagstar is a thrift that originates, services, and sells loans across the United States. The bank has around $14.2 billion in assets and $7.8 billion in deposits. First mortgage, second mortgage, and commercial real estate loans collectively compose 88% of the bank's investment portfolio.

Flagstar Bancorp Inc. is based out of Troy, MI and has some 4,641 employees. Its CEO is Alessandro P. DiNello.

Flagstar Bancorp Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Flagstar Bancorp Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: FBC’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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