Inceptionr LLC Buys 76,814 Shares of Flagstar Bank, National Association $FLG

Inceptionr LLC boosted its stake in Flagstar Bank, National Association (NYSE:FLG) by 754.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,001 shares of the company’s stock after purchasing an additional 76,814 shares during the period. Inceptionr LLC’s holdings in Flagstar Bank, National Association were worth $1,095,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new stake in Flagstar Bank, National Association in the 3rd quarter worth approximately $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Flagstar Bank, National Association in the 4th quarter worth approximately $34,000. Advisory Services Network LLC bought a new stake in Flagstar Bank, National Association in the 3rd quarter worth approximately $35,000. Clayton Financial Group LLC bought a new stake in Flagstar Bank, National Association in the 4th quarter worth approximately $42,000. Finally, Geneos Wealth Management Inc. bought a new stake in Flagstar Bank, National Association in the 1st quarter worth approximately $45,000. Institutional investors own 67.88% of the company’s stock.

Flagstar Bank, National Association Trading Up 2.1%

Shares of FLG stock opened at $14.54 on Thursday. Flagstar Bank, National Association has a 1 year low of $10.38 and a 1 year high of $14.92. The firm has a fifty day moving average price of $13.95 and a 200-day moving average price of $13.32. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $6.06 billion, a price-to-earnings ratio of -66.07 and a beta of 1.02.

Flagstar Bank, National Association (NYSE:FLG) last issued its quarterly earnings data on Friday, April 24th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Flagstar Bank, National Association had a negative net margin of 1.22% and a negative return on equity of 0.11%. The firm had revenue of $507.00 million during the quarter, compared to the consensus estimate of $556.74 million. During the same quarter in the previous year, the firm posted ($0.26) EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities analysts predict that Flagstar Bank, National Association will post 0.46 earnings per share for the current year.

Flagstar Bank, National Association Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Sunday, June 7th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, June 5th. 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 -18.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Barclays lifted 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 Tuesday, April 7th. DA Davidson boosted their price objective on shares of Flagstar Bank, National Association from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Citigroup boosted their price objective on shares of Flagstar Bank, National Association from $16.50 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Piper Sandler boosted their price objective on shares of Flagstar Bank, National Association from $16.00 to $16.50 and gave the company an “overweight” rating in a research report on Monday, April 27th. Finally, Wall Street Zen raised shares of Flagstar Bank, National Association from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.42.

About Flagstar Bank, National Association

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.