Barclays PLC Has $36.02 Million Holdings in Flagstar Bank, National Association $FLG

Barclays PLC increased its holdings in shares of Flagstar Bank, National Association (NYSE:FLG) by 118.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,118,855 shares of the company’s stock after acquiring an additional 1,690,435 shares during the period. Barclays PLC owned about 0.75% of Flagstar Bank, National Association worth $36,023,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FLG. Norges Bank bought a new stake in Flagstar Bank, National Association during the 2nd quarter worth about $31,502,000. Old West Investment Management LLC bought a new position in shares of Flagstar Bank, National Association in the third quarter worth about $3,124,000. JPMorgan Chase & Co. raised its stake in shares of Flagstar Bank, National Association by 310.8% in the third quarter. JPMorgan Chase & Co. now owns 3,825,713 shares of the company’s stock worth $44,187,000 after acquiring an additional 2,894,424 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Flagstar Bank, National Association by 28.0% during the third quarter. Allianz Asset Management GmbH now owns 184,470 shares of the company’s stock worth $2,131,000 after purchasing an additional 40,374 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Flagstar Bank, National Association during the second quarter worth approximately $23,059,000. 67.88% of the stock is owned by institutional investors and hedge funds.

Flagstar Bank, National Association Stock Performance

FLG stock opened at $12.51 on Wednesday. Flagstar Bank, National Association has a twelve month low of $9.64 and a twelve month high of $14.53. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.59. The company has a market cap of $5.20 billion, a P/E ratio of -24.52 and a beta of 1.08. The business’s fifty day moving average is $13.22 and its 200-day moving average is $12.49.

Flagstar Bank, National Association (NYSE:FLG) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $548.00 million during the quarter, compared to analysts’ expectations of $533.00 million. Flagstar Bank, National Association had a negative return on equity of 1.60% and a negative net margin of 3.68%.The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.41) earnings per share. Equities research analysts forecast that Flagstar Bank, National Association will post -0.31 EPS for the current year.

Flagstar Bank, National Association Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Saturday, March 7th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $0.04 annualized dividend and a yield of 0.3%. Flagstar Bank, National Association’s dividend payout ratio (DPR) is presently -7.84%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FLG. Citigroup raised their price target on shares of Flagstar Bank, National Association from $16.00 to $16.50 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Wall Street Zen raised Flagstar Bank, National Association from a “sell” rating to a “hold” rating in a report on Saturday. Barclays increased their price objective on Flagstar Bank, National Association from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. DA Davidson restated a “buy” rating and set a $16.00 target price on shares of Flagstar Bank, National Association in a research report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Flagstar Bank, National Association from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.62.

Flagstar Bank, National Association 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.