Traders Purchase High Volume of Put Options on Flagstar Bank, National Association (NYSE:FLG)

Flagstar Bank, National Association (NYSE:FLG) was the recipient of some unusual options trading on Monday. Traders acquired 23,203 put options on the stock. This is an increase of 197% compared to the average volume of 7,823 put options.

Institutional Investors Weigh In On Flagstar Bank, National Association

A number of large investors have recently added to or reduced their stakes in FLG. Cetera Investment Advisers bought a new position in Flagstar Bank, National Association during the first quarter worth $885,000. LPL Financial LLC bought a new position in Flagstar Bank, National Association during the first quarter valued at about $2,423,000. Mackenzie Financial Corp acquired a new position in Flagstar Bank, National Association in the 1st quarter valued at approximately $182,000. Natixis Advisors LLC bought a new stake in shares of Flagstar Bank, National Association during the first quarter valued at approximately $288,000. Finally, PNC Financial Services Group Inc. acquired a new position in shares of Flagstar Bank, National Association in the first quarter valued at $288,000. Institutional investors own 67.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Morgan Stanley set a $14.00 target price on Flagstar Bank, National Association and gave the company an “underperform” rating in a research note on Monday, September 29th. Cantor Fitzgerald began coverage on shares of Flagstar Bank, National Association in a research report on Wednesday, September 10th. They set an “overweight” rating and a $15.00 price objective on the stock. Citigroup upped their price objective on shares of Flagstar Bank, National Association from $15.50 to $16.50 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research note on Wednesday, October 8th. Finally, TD Cowen assumed coverage on shares of Flagstar Bank, National Association in a research note on Thursday, September 25th. They issued a “hold” rating and a $14.00 price target on the stock. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Flagstar Bank, National Association currently has an average rating of “Hold” and an average target price of $13.88.

Flagstar Bank, National Association Stock Down 0.4%

Shares of FLG stock traded down $0.06 on Monday, hitting $12.65. The company’s stock had a trading volume of 2,312,555 shares, compared to its average volume of 5,941,614. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of -13.05 and a beta of 1.11. Flagstar Bank, National Association has a fifty-two week low of $8.56 and a fifty-two week high of $13.35. The firm’s fifty day moving average price is $11.60 and its 200-day moving average price is $11.71. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.02 and a quick ratio of 1.01.

Flagstar Bank, National Association (NYSE:FLG) last posted its earnings results on Thursday, November 6th. The company reported ($0.07) EPS for the quarter. Flagstar Bank, National Association had a negative return on equity of 3.80% and a negative net margin of 7.06%.The business had revenue of $498.00 million for the quarter. Research analysts anticipate that Flagstar Bank, National Association will post -0.31 EPS for the current year.

Flagstar Bank, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Sunday, December 7th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, December 5th. Flagstar Bank, National Association’s dividend payout ratio (DPR) is presently -4.12%.

Flagstar Bank, National Association Company Profile

Flagstar Financial, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company’s deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.