WINTON GROUP Ltd Decreases Position in Flagstar Bank, National Association $FLG

WINTON GROUP Ltd decreased its position in Flagstar Bank, National Association (NYSE:FLG) by 34.2% during the 2nd quarter, Holdings Channel reports. The firm owned 107,821 shares of the company’s stock after selling 55,918 shares during the quarter. WINTON GROUP Ltd’s holdings in Flagstar Bank, National Association were worth $1,611,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. DV Equities LLC purchased a new stake in shares of Flagstar Bank, National Association in the 4th quarter worth about $25,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Flagstar Bank, National Association in the 4th quarter valued at about $34,000. Litman Gregory Wealth Management LLC purchased a new position in Flagstar Bank, National Association during the 4th quarter valued at about $34,000. Advisory Services Network LLC purchased a new position in Flagstar Bank, National Association during the 3rd quarter valued at about $35,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Flagstar Bank, National Association during the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Analyst Ratings Changes

FLG has been the topic of several research reports. TD Cowen lowered their price target on shares of Flagstar Bank, National Association from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. Citigroup lifted their price objective on Flagstar Bank, National Association from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Raymond James Financial assumed coverage on Flagstar Bank, National Association in a research note on Wednesday, September 2nd. They issued a “market perform” rating on the stock. Piper Sandler increased their target price on Flagstar Bank, National Association from $16.50 to $17.50 and gave the company an “overweight” rating in a report on Friday, June 26th. Finally, Cantor Fitzgerald raised their price target on Flagstar Bank, National Association from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.96.

Flagstar Bank, National Association Trading Down 0.6%

FLG stock opened at $13.19 on Friday. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 439.50 and a beta of 0.99. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.43. The business has a fifty day simple moving average of $14.08 and a 200-day simple moving average of $13.90. Flagstar Bank, National Association has a 52 week low of $10.57 and a 52 week high of $15.44.

Flagstar Bank, National Association (NYSE:FLG) last issued its earnings results on Friday, July 24th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Flagstar Bank, National Association had a return on equity of 0.98% and a net margin of 1.08%.The firm had revenue of $512.00 million during the quarter, compared to analysts’ expectations of $539.34 million. During the same period last year, the business posted ($0.14) earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts expect that Flagstar Bank, National Association will post 0.34 EPS for the current year.

Flagstar Bank, National Association Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Monday, September 7th will be issued 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 is Friday, September 4th. Flagstar Bank, National Association’s dividend payout ratio (DPR) is 133.33%.

Flagstar Bank, National Association announced that its Board of Directors has initiated a share buyback program on Friday, July 24th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the company to buy up to 4.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Flagstar Bank, National Association Profile

Flagstar Bank, National Association is a full-service commercial bank that provides deposit, lending and other financial services to consumers, businesses and commercial real estate clients. Its offerings include checking and savings accounts, certificates of deposit, residential mortgages, home equity loans, consumer lending, commercial real estate financing and business banking services.

The bank also has a significant mortgage business, including home-loan origination, servicing and related products.