Ameritas Investment Partners Inc. Acquires 4,553 Shares of Flagstar Bank, National Association $FLG

Ameritas Investment Partners Inc. lifted its holdings in shares of Flagstar Bank, National Association (NYSE:FLG) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,869 shares of the company’s stock after acquiring an additional 4,553 shares during the period. Ameritas Investment Partners Inc.’s holdings in Flagstar Bank, National Association were worth $953,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. CWM LLC bought a new position in shares of Flagstar Bank, National Association in the second quarter valued at approximately $28,000. UMB Bank n.a. bought a new position in Flagstar Bank, National Association in the 2nd quarter valued at $33,000. Marquette Asset Management LLC bought a new position in Flagstar Bank, National Association in the 2nd quarter valued at $35,000. American National Bank & Trust bought a new stake in Flagstar Bank, National Association in the second quarter worth about $41,000. Finally, Harbor Capital Advisors Inc. bought a new position in Flagstar Bank, National Association during the second quarter valued at $43,000. Institutional investors own 67.88% of the company’s stock.

Flagstar Bank, National Association Stock Performance

Shares of NYSE FLG opened at $12.17 on Friday. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of -12.55 and a beta of 1.19. The stock’s 50-day moving average is $11.51 and its 200 day moving average is $11.71. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.73. Flagstar Bank, National Association has a 1-year low of $8.56 and a 1-year high of $13.35.

Flagstar Bank, National Association (NYSE:FLG) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.07) EPS for the quarter. Flagstar Bank, National Association had a negative net margin of 7.06% and a negative return on equity of 3.80%. The business had revenue of $498.00 million for the quarter. On average, sell-side analysts anticipate that Flagstar Bank, National Association will post -0.31 EPS for the current fiscal year.

Flagstar Bank, National Association Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.3%. Flagstar Bank, National Association’s dividend payout ratio is currently -4.12%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FLG shares. DA Davidson reiterated a “buy” rating and set a $14.50 target price on shares of Flagstar Bank, National Association in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flagstar Bank, National Association in a report on Wednesday, October 8th. Truist Financial boosted their price target on shares of Flagstar Bank, National Association from $12.00 to $13.50 and gave the company a “hold” rating in a research report on Friday, September 12th. Citigroup upped their price target on shares of Flagstar Bank, National Association from $15.50 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. increased their price objective on Flagstar Bank, National Association from $12.50 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.