Flagstar Bank, National Association Sees Unusually Large Options Volume (NYSE:FLG)

Flagstar Bank, National Association (NYSE:FLG – Get Free Report) was the target of some unusual options trading on Tuesday. Stock investors purchased 16,872 call options on the stock. This is an increase of approximately 346% compared to the average volume of 3,782 call options.

Institutional Trading of Flagstar Bank, National Association

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in Flagstar Bank, National Association by 9.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,731,631 shares of the company’s stock worth $88,645,000 after acquiring an additional 569,003 shares during the last quarter. North Reef Capital Management LP bought a new stake in Flagstar Bank, National Association in the first quarter valued at approximately $36,744,000. SG Americas Securities LLC raised its holdings in Flagstar Bank, National Association by 14,586.4% in the first quarter. SG Americas Securities LLC now owns 2,098,389 shares of the company’s stock worth $27,636,000 after purchasing an additional 2,084,101 shares during the period. Polar Asset Management Partners Inc. raised its holdings in Flagstar Bank, National Association by 36.8% in the first quarter. Polar Asset Management Partners Inc. now owns 1,626,388 shares of the company’s stock worth $21,420,000 after purchasing an additional 437,939 shares during the period. Finally, Interval Partners LP acquired a new stake in Flagstar Bank, National Association in the fourth quarter worth $11,632,000. 67.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on FLG. DA Davidson reiterated a “buy” rating and issued a $17.00 price objective on shares of Flagstar Bank, National Association in a research report on Monday, July 27th. Barclays cut their target price on shares of Flagstar Bank, National Association from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. JPMorgan Chase & Co. reduced their target price on shares of Flagstar Bank, National Association from $15.50 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, October 1st. Wall Street Zen lowered shares of Flagstar Bank, National Association from a “hold” rating to a “sell” rating in a research note on Saturday, September 26th. Finally, UBS Group initiated coverage on shares of Flagstar Bank, National Association in a research report on Tuesday, July 7th. They set a “buy” rating and a $18.00 price target for the company. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Flagstar Bank, National Association presently has an average rating of “Moderate Buy” and a consensus target price of $16.04.

Get Our Latest Analysis on FLG

Flagstar Bank, National Association Trading Down 0.9%

Shares of FLG stock traded down $0.10 during trading hours on Tuesday, reaching $11.21. The company had a trading volume of 2,491,108 shares, compared to its average volume of 4,943,063. Flagstar Bank, National Association has a 1-year low of $10.57 and a 1-year high of $15.44. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 373.17 and a beta of 1.05. The company has a 50 day moving average of $13.01 and a 200 day moving average of $13.80.

Flagstar Bank, National Association (NYSE:FLG – Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $512.00 million for the quarter, compared to analyst estimates of $539.34 million. Flagstar Bank, National Association had a return on equity of 0.98% and a net margin of 1.08%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the firm earned ($0.14) earnings per share. On average, equities research analysts anticipate that Flagstar Bank, National Association will post 0.28 EPS for the current year.

Flagstar Bank, National Association Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Monday, September 7th were issued a dividend of $0.01 per share. The ex-dividend date was Friday, September 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.4%. Flagstar Bank, National Association’s dividend payout ratio (DPR) is 133.33%.

Flagstar Bank, National Association declared that its board has initiated a stock buyback program on Friday, July 24th that authorizes the company to repurchase $250.00 million in shares. This buyback authorization authorizes the company to repurchase up to 4.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Flagstar Bank, National Association Company Profile

(Get Free Report)

Flagstar Bank, National Association is the principal banking subsidiary of Flagstar Financial, Inc (NYSE: FLG). The bank provides a range of financial services to consumers, businesses and institutional clients, including deposit accounts, residential and commercial lending, consumer loans, credit products and treasury management services.

Flagstar also has a significant mortgage banking business, offering home purchase and refinancing loans through retail, broker and correspondent channels.

Further Reading

Receive News & Ratings for Flagstar Bank National Association Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flagstar Bank National Association and related companies with MarketBeat.com's FREE daily email newsletter.