World Investment Advisors Takes $155,000 Position in Flagstar Bank, National Association $FLG

World Investment Advisors bought a new position in Flagstar Bank, National Association (NYSE:FLG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 14,643 shares of the company’s stock, valued at approximately $155,000.

Several other hedge funds also recently added to or reduced their stakes in FLG. CWM LLC purchased a new stake in Flagstar Bank, National Association in the 2nd quarter worth about $28,000. UMB Bank n.a. purchased a new position in shares of Flagstar Bank, National Association during the second quarter valued at approximately $33,000. Marquette Asset Management LLC bought a new position in shares of Flagstar Bank, National Association during the second quarter valued at approximately $35,000. American National Bank & Trust purchased a new stake in shares of Flagstar Bank, National Association in the second quarter worth approximately $41,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Flagstar Bank, National Association in the first quarter worth approximately $45,000. 67.88% of the stock is currently owned by institutional investors.

Flagstar Bank, National Association Price Performance

Shares of FLG opened at $11.04 on Thursday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.01 and a current ratio of 1.02. The company has a 50 day moving average price of $11.97 and a 200-day moving average price of $11.76. Flagstar Bank, National Association has a fifty-two week low of $8.56 and a fifty-two week high of $13.35. The stock has a market capitalization of $4.59 billion, a PE ratio of -11.38 and a beta of 1.17.

Flagstar Bank, National Association (NYSE:FLG) last issued its quarterly earnings data on Wednesday, January 26th. The company reported $0.27 EPS for the quarter. The company had revenue of $287.00 million during the quarter. Flagstar Bank, National Association had a negative net margin of 7.06% and a negative return on equity of 3.80%. Equities analysts predict that Flagstar Bank, National Association will post -0.31 earnings per share for the current fiscal year.

Flagstar Bank, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Sunday, December 7th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, December 5th. Flagstar Bank, National Association’s dividend payout ratio is -4.12%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group dropped their price objective on Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating for the company in a report on Wednesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research report on Wednesday, October 8th. Truist Financial boosted their target price on shares of Flagstar Bank, National Association from $12.00 to $13.50 and gave the company a “hold” rating in a research note on Friday, September 12th. JPMorgan Chase & Co. raised their price target on shares of Flagstar Bank, National Association from $12.50 to $14.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Finally, DA Davidson reiterated a “buy” rating and set a $14.50 price objective on shares of Flagstar Bank, National Association in a report on Monday, October 27th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Flagstar Bank, National Association currently has a consensus rating of “Hold” and a consensus price target of $13.88.

Flagstar Bank, National Association Profile

Flagstar Financial, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company’s deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.