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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Aug. 14, 3:07 PM

Slide #12. Flagstar Bancorp, Inc. Secondary Offering

Company: Flagstar Bancorp, Inc. (NYSE:FBC)
Date announced: 8/10/2020
Shares Offered: 6,000,000
Date of Pricing: 8/10/2020
Price Per Share: $30.30
Secondary Offering Details: Flagstar Bancorp, Inc. (NYSE: FBC) (the "Company") today announced the commencement of a registered public secondary offering of 6,000,000 shares of the Company's common stock, or approximately 10.5% of the Company's outstanding common stock. All of the shares sold in the offering will be sold by MP Thrift Investments L.P. ("MP Thrift"). MP Thrift intends to grant the underwriter a 30-day option to purchase up to an additional 900,000 shares of the Company's common stock. -updated 8/10- Flagstar Bancorp, Inc. (NYSE: FBC) (the "Company") today announced the pricing of its previously announced registered public secondary offering of 6,000,000 shares of the Company's common stock at a public offering price of $30.30 per share. All of the shares have been offered by MP Thrift Investments L.P. ("MP Thrift"). MP Thrift has granted the underwriter a 30-day option to purchase up to an additional 900,000 shares of the Company's common stock.

Flagstar Bancorp is a savings and loan holding company. Co.'s business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB. Co. provides commercial and consumer banking services and Co. is a mortgage originator and a sub-servicer of mortgage loans. Co.'s segments are: Community Banking, which originates loans, provides deposits and fee based services to consumer, business, and mortgage lending customers; Mortgage Originations, which originates and acquires one-to-four family residential mortgage loans to sell or hold on its balance sheet; and Mortgage Servicing, which services and subservices mortgage loans for others on a fee for service basis.

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Company Name:  Flagstar Bancorp, Inc.
Stock buyback:  FBC buyback
Website:  www.flagstar.com
Sector:  Credit Services & Lending
Number of ETFs Holding FBC:  53
Total Market Value Held by ETFs:  $230.31M
Total Market Capitalization:  $1.84B
% of Market Cap. Held by ETFs:  12.50%
 

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August 14, 2020    3:07 PM Eastern
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Strong Buy (3.80 out of 4)
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