Flagstar Bank, National Association $FLG Shares Sold by Cerity Partners LLC

Cerity Partners LLC lowered its stake in shares of Flagstar Bank, National Association (NYSE:FLG) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,828,960 shares of the company’s stock after selling 53,735 shares during the period. Cerity Partners LLC owned approximately 0.44% of Flagstar Bank, National Association worth $21,124,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in FLG. D.A. Davidson & CO. increased its holdings in shares of Flagstar Bank, National Association by 0.6% during the 3rd quarter. D.A. Davidson & CO. now owns 256,250 shares of the company’s stock worth $2,960,000 after buying an additional 1,500 shares during the last quarter. Sage Investment Counsel LLC grew its position in Flagstar Bank, National Association by 3.3% during the third quarter. Sage Investment Counsel LLC now owns 66,492 shares of the company’s stock valued at $768,000 after acquiring an additional 2,151 shares during the period. Hennessy Advisors Inc. increased its stake in Flagstar Bank, National Association by 3.8% during the third quarter. Hennessy Advisors Inc. now owns 272,000 shares of the company’s stock worth $3,142,000 after acquiring an additional 10,000 shares during the last quarter. Continuum Advisory LLC raised its holdings in shares of Flagstar Bank, National Association by 3.1% in the 3rd quarter. Continuum Advisory LLC now owns 84,833 shares of the company’s stock worth $980,000 after purchasing an additional 2,524 shares during the period. Finally, Thompson Investment Management Inc. raised its holdings in shares of Flagstar Bank, National Association by 10.2% in the 3rd quarter. Thompson Investment Management Inc. now owns 476,084 shares of the company’s stock worth $5,499,000 after purchasing an additional 44,134 shares during the period. 67.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FLG has been the subject of a number of research reports. DA Davidson reiterated a “buy” rating and set a $14.50 target price on shares of Flagstar Bank, National Association in a report on Thursday, November 13th. UBS Group reduced their price target on shares of Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. JPMorgan Chase & Co. increased their price objective on shares of Flagstar Bank, National Association from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 16th. TD Cowen initiated coverage on shares of Flagstar Bank, National Association in a research note on Thursday, September 25th. They issued a “hold” rating and a $14.00 target price on the stock. Finally, Cantor Fitzgerald upped their price target on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.32.

Flagstar Bank, National Association Trading Down 0.6%

NYSE FLG opened at $13.05 on Friday. The stock has a market cap of $5.42 billion, a P/E ratio of -13.45, a PEG ratio of 0.56 and a beta of 1.09. The company’s fifty day simple moving average is $12.19 and its 200-day simple moving average is $11.93. 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 52 week low of $8.56 and a 52 week high of $13.85.

Flagstar Bank, National Association (NYSE:FLG) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter. Flagstar Bank, National Association had a negative return on equity of 3.80% and a negative net margin of 7.06%.The firm had revenue of $498.00 million for the quarter. Equities research analysts predict that Flagstar Bank, National Association will post -0.31 EPS for the current fiscal year.

Flagstar Bank, National Association Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Sunday, December 7th were paid a $0.01 dividend. The ex-dividend date was Friday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. Flagstar Bank, National Association’s payout ratio is -4.12%.

Flagstar Bank, National Association Company Profile

Flagstar Financial Corporation (NYSE: FLG) is a bank holding company whose principal subsidiary, Flagstar Bank, provides a range of financial services across the United States. Headquartered in Troy, Michigan, Flagstar combines commercial banking, mortgage lending and servicing, and deposit products to serve individuals, businesses and public entities. As a publicly traded company, Flagstar leverages its banking charter and national mortgage platform to deliver tailored financial solutions through both digital and branch channels.

The company’s mortgage business is one of the largest residential originators and servicers in the nation, offering retail, wholesale and correspondent lending channels.