Aquatic Capital Management LLC Has $5.87 Million Stock Position in Flagstar Bank, National Association $FLG

Aquatic Capital Management LLC lifted its holdings in Flagstar Bank, National Association (NYSE:FLG) by 84.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 508,042 shares of the company’s stock after purchasing an additional 231,951 shares during the period. Aquatic Capital Management LLC owned 0.12% of Flagstar Bank, National Association worth $5,868,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FLG. Alliancebernstein L.P. raised its holdings in Flagstar Bank, National Association by 1,130.1% during the second quarter. Alliancebernstein L.P. now owns 6,635,962 shares of the company’s stock valued at $70,341,000 after buying an additional 6,096,512 shares in the last quarter. Norges Bank bought a new stake in shares of Flagstar Bank, National Association during the 2nd quarter worth about $31,502,000. JPMorgan Chase & Co. increased its holdings in shares of Flagstar Bank, National Association by 310.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,825,713 shares of the company’s stock valued at $44,187,000 after acquiring an additional 2,894,424 shares during the last quarter. Cerity Partners LLC acquired a new position in shares of Flagstar Bank, National Association during the 2nd quarter valued at about $19,957,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Flagstar Bank, National Association in the 1st quarter valued at approximately $21,022,000. 67.88% of the stock is currently owned by institutional investors.

Flagstar Bank, National Association Stock Performance

Shares of NYSE FLG opened at $12.45 on Tuesday. The business has a fifty day simple moving average of $13.21 and a 200 day simple moving average of $12.47. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of -24.40 and a beta of 1.08. Flagstar Bank, National Association has a one year low of $9.64 and a one year high of $14.53.

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

Flagstar Bank, National Association Announces Dividend

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

Analyst Ratings Changes

FLG has been the subject of several analyst reports. Citigroup boosted their target price on Flagstar Bank, National Association from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Keefe, Bruyette & Woods upgraded Flagstar Bank, National Association from a “market perform” rating to an “outperform” rating and increased their price target for the company from $14.00 to $16.00 in a report on Friday. Royal Bank Of Canada lifted their price target on shares of Flagstar Bank, National Association from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research note on Thursday, January 22nd. Finally, DA Davidson reaffirmed a “buy” rating and set a $16.00 price objective on shares of Flagstar Bank, National Association in a report on Tuesday, February 24th. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $14.86.

About Flagstar Bank, National Association

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.