Flagstar Bank, National Association $FLG Shares Acquired by Sippican Capital Advisors

Sippican Capital Advisors lifted its position in shares of Flagstar Bank, National Association (NYSE:FLG) by 100.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,805 shares of the company’s stock after purchasing an additional 74,425 shares during the period. Flagstar Bank, National Association comprises 1.2% of Sippican Capital Advisors’ portfolio, making the stock its 29th largest position. Sippican Capital Advisors’ holdings in Flagstar Bank, National Association were worth $1,873,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in shares of Flagstar Bank, National Association during the third quarter worth $33,000. Advisory Services Network LLC acquired a new position in shares of Flagstar Bank, National Association during the third quarter worth $35,000. Clayton Financial Group LLC acquired a new position in shares of Flagstar Bank, National Association during the fourth quarter worth $42,000. Geneos Wealth Management Inc. acquired a new position in shares of Flagstar Bank, National Association during the first quarter worth $45,000. Finally, CWM LLC lifted its position in shares of Flagstar Bank, National Association by 53.2% during the third quarter. CWM LLC now owns 4,075 shares of the company’s stock worth $47,000 after purchasing an additional 1,415 shares in the last quarter. 67.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FLG has been the topic of a number of recent research reports. Royal Bank Of Canada boosted their target price on shares of Flagstar Bank, National Association from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Keefe, Bruyette & Woods raised shares of Flagstar Bank, National Association from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $14.00 to $16.00 in a research report on Friday, March 13th. Morgan Stanley boosted 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 research report on Monday, March 2nd. Wall Street Zen cut shares of Flagstar Bank, National Association from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Cantor Fitzgerald boosted their target price on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Flagstar Bank, National Association currently has an average rating of “Moderate Buy” and a consensus target price of $15.18.

Flagstar Bank, National Association Trading Down 0.0%

FLG opened at $14.04 on Monday. The stock has a market capitalization of $5.84 billion, a PE ratio of -27.52 and a beta of 1.02. The firm’s fifty day moving average price is $13.30 and its 200 day moving average price is $12.57. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.92 and a quick ratio of 0.91. 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 posted its quarterly earnings results on Friday, January 30th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $548.00 million for the quarter, compared to analysts’ expectations of $533.00 million. Flagstar Bank, National Association had a negative net margin of 3.68% and a negative return on equity of 1.60%. The firm’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.41) earnings per share. As a group, 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 declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Saturday, March 7th were issued a $0.01 dividend. 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 is currently -7.84%.

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.