Angel Oak Capital Advisors LLC Lowers Stake in Flagstar Bank, National Association $FLG

Angel Oak Capital Advisors LLC lessened its position in Flagstar Bank, National Association (NYSE:FLG) by 25.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the company’s stock after selling 5,000 shares during the period. Angel Oak Capital Advisors LLC’s holdings in Flagstar Bank, National Association were worth $159,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FLG. KLP Kapitalforvaltning AS purchased a new stake in Flagstar Bank, National Association in the 1st quarter worth approximately $712,000. AE Wealth Management LLC purchased a new stake in shares of Flagstar Bank, National Association in the first quarter valued at $216,000. Princeton Capital Management LLC acquired a new position in Flagstar Bank, National Association in the first quarter valued at $128,000. Cetera Investment Advisers purchased a new position in Flagstar Bank, National Association during the first quarter worth about $885,000. Finally, Neo Ivy Capital Management acquired a new stake in Flagstar Bank, National Association in the 1st quarter worth about $2,103,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Flagstar Bank, National Association Stock Up 0.1%

Shares of NYSE FLG opened at $11.06 on Friday. Flagstar Bank, National Association has a 12-month low of $8.56 and a 12-month high of $13.35. The stock has a fifty day moving average price of $11.74 and a 200 day moving average price of $11.75. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.73. The company has a market cap of $4.60 billion, a P/E ratio of -11.40 and a beta of 1.19.

Flagstar Bank, National Association (NYSE:FLG) last posted its earnings results on Thursday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $498.00 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%. Research analysts anticipate that Flagstar Bank, National Association will post -0.31 EPS for the current fiscal year.

Flagstar Bank, National Association Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently commented on FLG shares. JPMorgan Chase & Co. upped their price objective on shares of Flagstar Bank, National Association from $12.50 to $14.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. UBS Group dropped their price target on shares of Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Morgan Stanley set a $14.00 price target on shares of Flagstar Bank, National Association and gave the stock an “underperform” rating in a research note on Monday, September 29th. Truist Financial boosted their price objective 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. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $13.88.

About Flagstar Bank, National Association

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.