Flagstar Bank, National Association $FLG Stake Increased by Thompson Investment Management Inc.

Thompson Investment Management Inc. boosted its stake in Flagstar Bank, National Association (NYSE:FLG) by 10.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 476,084 shares of the company’s stock after buying an additional 44,134 shares during the period. Thompson Investment Management Inc.’s holdings in Flagstar Bank, National Association were worth $5,499,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. CWM LLC bought a new stake in shares of Flagstar Bank, National Association in the 2nd quarter worth about $28,000. Financial Freedom LLC acquired a new position in Flagstar Bank, National Association in the second quarter worth about $31,000. UMB Bank n.a. acquired a new position in Flagstar Bank, National Association in the second quarter worth about $33,000. Marquette Asset Management LLC bought a new stake in Flagstar Bank, National Association in the second quarter valued at about $35,000. Finally, American National Bank & Trust acquired a new stake in Flagstar Bank, National Association during the second quarter valued at approximately $41,000. 67.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on FLG shares. JPMorgan Chase & Co. lifted their target price on Flagstar Bank, National Association from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research note on Wednesday, October 8th. Barclays lifted their price objective on shares of Flagstar Bank, National Association from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Truist Financial increased their target price on shares of Flagstar Bank, National Association from $12.00 to $13.50 and gave the stock a “hold” rating in a report on Friday, September 12th. Finally, DA Davidson restated a “buy” rating and issued a $14.50 price target on shares of Flagstar Bank, National Association in a research report on Thursday, November 13th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.32.

Flagstar Bank, National Association Trading Down 0.4%

Shares of NYSE FLG opened at $12.79 on Friday. Flagstar Bank, National Association has a 12-month low of $8.56 and a 12-month high of $13.85. The company has a market cap of $5.32 billion, a price-to-earnings ratio of -13.19 and a beta of 1.11. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.73. The stock’s 50 day simple moving average is $11.99 and its 200 day simple moving average is $11.85.

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

Flagstar Bank, National Association Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Sunday, December 7th were 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 of this dividend was Friday, December 5th. Flagstar Bank, National Association’s dividend payout ratio (DPR) is -4.12%.

Flagstar Bank, National Association 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.