Allianz Asset Management GmbH Has $2.13 Million Stock Position in Flagstar Bank, National Association $FLG

Allianz Asset Management GmbH increased its position in shares of Flagstar Bank, National Association (NYSE:FLG) by 28.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,470 shares of the company’s stock after acquiring an additional 40,374 shares during the quarter. Allianz Asset Management GmbH’s holdings in Flagstar Bank, National Association were worth $2,131,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FLG. CWM LLC bought a new stake in Flagstar Bank, National Association during the 2nd quarter worth about $28,000. Financial Freedom LLC acquired a new stake in shares of Flagstar Bank, National Association during the 2nd quarter worth approximately $31,000. Geneos Wealth Management Inc. bought a new stake in shares of Flagstar Bank, National Association during the first quarter worth approximately $45,000. SBI Securities Co. Ltd. acquired a new position in Flagstar Bank, National Association in the second quarter valued at approximately $47,000. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in Flagstar Bank, National Association by 115.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 5,900 shares of the company’s stock valued at $63,000 after buying an additional 3,166 shares during the period. Institutional investors own 67.88% of the company’s stock.

Flagstar Bank, National Association Stock Performance

Shares of FLG stock opened at $13.81 on Friday. The company’s fifty day simple moving average is $13.10 and its 200-day simple moving average is $12.27. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.59. The firm has a market cap of $5.74 billion, a PE ratio of -27.08 and a beta of 1.10. Flagstar Bank, National Association has a 12 month low of $9.64 and a 12 month high of $14.53.

Flagstar Bank, National Association (NYSE:FLG) last released its earnings results on Friday, January 30th. The company reported $0.06 earnings per share for the quarter, beating 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 business had revenue of $548.00 million during the quarter, compared to the consensus estimate of $533.00 million. During the same quarter last year, the firm earned ($0.41) earnings per share. The firm’s revenue for the quarter was down 10.9% compared to the same quarter last year. Equities research analysts expect that Flagstar Bank, National Association will post -0.31 EPS for the current fiscal year.

Flagstar Bank, National Association Announces Dividend

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

Analyst Ratings Changes

A number of research firms have commented on FLG. UBS Group lowered their target price on shares of Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating for the company in a report on Wednesday, November 5th. 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 note on Monday, February 2nd. Royal Bank Of Canada upped their price objective on Flagstar Bank, National Association from $13.00 to $15.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Cantor Fitzgerald increased their target price on Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Flagstar Bank, National Association currently has an average rating of “Hold” and an average price target of $14.46.

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.