Investors Purchase High Volume of Flagstar Bank, National Association Call Options (NYSE:FLG)

Flagstar Bank, National Association (NYSE:FLG) saw unusually large options trading on Thursday. Traders bought 50,725 call options on the company. This is an increase of approximately 552% compared to the average daily volume of 7,774 call options.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods raised Flagstar Bank, National Association from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $14.00 to $16.00 in a research note on Friday, March 13th. Morgan Stanley increased their target price on shares of Flagstar Bank, National Association from $14.00 to $16.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Barclays raised their price target on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Citigroup lifted 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.18.

Flagstar Bank, National Association Trading Up 2.6%

NYSE FLG opened at $14.62 on Friday. The firm has a market capitalization of $6.08 billion, a PE ratio of -28.67 and a beta of 1.02. The business’s 50-day moving average price is $13.33 and its two-hundred day moving average price is $12.65. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.59. Flagstar Bank, National Association has a 12 month low of $10.27 and a 12 month high of $14.80.

Flagstar Bank, National Association (NYSE:FLG) last released its quarterly earnings results on Friday, January 30th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $533.00 million. During the same quarter last year, the business earned ($0.41) EPS. The company’s revenue was down 10.9% compared to the same quarter last year. On average, 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 was paid on Tuesday, March 17th. Investors of record on Saturday, March 7th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was 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 currently -7.84%.

Hedge Funds Weigh In On Flagstar Bank, National Association

Several institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its stake in shares of Flagstar Bank, National Association by 14,586.4% in the 1st quarter. SG Americas Securities LLC now owns 2,098,389 shares of the company’s stock valued at $27,636,000 after acquiring an additional 2,084,101 shares in the last quarter. World Investment Advisors lifted its position in shares of Flagstar Bank, National Association by 204.2% during the 4th quarter. World Investment Advisors now owns 43,881 shares of the company’s stock valued at $552,000 after acquiring an additional 29,458 shares during the period. Virtu Financial LLC bought a new position in Flagstar Bank, National Association during the fourth quarter worth $324,000. Invesco Ltd. boosted its stake in Flagstar Bank, National Association by 16.3% during the fourth quarter. Invesco Ltd. now owns 967,095 shares of the company’s stock worth $12,176,000 after acquiring an additional 135,890 shares in the last quarter. Finally, Corient Private Wealth LLC grew its holdings in Flagstar Bank, National Association by 4.5% in the fourth quarter. Corient Private Wealth LLC now owns 49,175 shares of the company’s stock worth $593,000 after purchasing an additional 2,136 shares during the period. 67.88% of the stock is owned by institutional investors and hedge funds.

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.