923,876 Shares in Flagstar Bank, National Association $FLG Acquired by Interval Partners LP

Interval Partners LP acquired a new position in Flagstar Bank, National Association (NYSE:FLG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 923,876 shares of the company’s stock, valued at approximately $11,632,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in Flagstar Bank, National Association by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 7,487,034 shares of the company’s stock worth $94,277,000 after buying an additional 467,053 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Flagstar Bank, National Association by 1,130.1% in the second quarter. Alliancebernstein L.P. now owns 6,635,962 shares of the company’s stock worth $70,341,000 after buying an additional 6,096,512 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Flagstar Bank, National Association by 4.0% in the third quarter. Victory Capital Management Inc. now owns 6,291,647 shares of the company’s stock worth $72,669,000 after buying an additional 240,119 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Flagstar Bank, National Association by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,162,628 shares of the company’s stock worth $77,589,000 after buying an additional 316,612 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Flagstar Bank, National Association by 60.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,626,146 shares of the company’s stock worth $58,243,000 after buying an additional 1,750,889 shares during the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.

Flagstar Bank, National Association Trading Down 2.4%

Shares of FLG stock opened at $14.57 on Thursday. Flagstar Bank, National Association has a 12 month low of $10.38 and a 12 month high of $15.36. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.47. The business’s 50 day moving average is $14.09 and its two-hundred day moving average is $13.42. The company has a market cap of $6.07 billion, a PE ratio of -66.21 and a beta of 1.02.

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

Flagstar Bank, National Association Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Sunday, June 7th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, June 5th. Flagstar Bank, National Association’s dividend payout ratio is currently -18.18%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FLG. Morgan Stanley increased their price objective on Flagstar Bank, National Association from $14.00 to $16.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Keefe, Bruyette & Woods upgraded Flagstar Bank, National Association from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $14.00 to $16.00 in a report on Friday, March 13th. Citigroup increased their price target on Flagstar Bank, National Association from $16.50 to $17.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. DA Davidson increased their price target on Flagstar Bank, National Association from $16.00 to $17.00 and gave the company a “buy” rating in a report on Monday, April 27th. Finally, Barclays increased their price target on Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Flagstar Bank, National Association currently has a consensus rating of “Hold” and an average target price of $15.67.

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.