Flagstar Bank, National Association $FLG Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in Flagstar Bank, National Association (NYSE:FLG) by 209.9% in the third quarter, Holdings Channel reports. The firm owned 65,783 shares of the company’s stock after purchasing an additional 44,554 shares during the quarter. SG Americas Securities LLC’s holdings in Flagstar Bank, National Association were worth $760,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alliancebernstein L.P. lifted its holdings in Flagstar Bank, National Association by 1,130.1% during the 2nd 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. Norges Bank bought a new position in Flagstar Bank, National Association during the second quarter worth $31,502,000. Bank of New York Mellon Corp acquired a new position in Flagstar Bank, National Association in the second quarter worth $23,059,000. Cerity Partners LLC acquired a new position in Flagstar Bank, National Association in the second quarter worth $19,957,000. Finally, Goldman Sachs Group Inc. bought a new stake in Flagstar Bank, National Association during the first quarter valued at $21,022,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Analyst Upgrades and Downgrades

FLG has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research report on Wednesday, October 8th. Morgan Stanley set a $14.00 target price on shares of Flagstar Bank, National Association and gave the stock an “underperform” rating in a report on Monday, September 29th. UBS Group lowered their target price on Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Cantor Fitzgerald increased their price target on 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. Finally, DA Davidson restated a “buy” rating and set a $14.50 price objective on shares of Flagstar Bank, National Association in a research report on Thursday, November 13th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $14.32.

Flagstar Bank, National Association Price Performance

Shares of NYSE:FLG opened at $12.62 on Wednesday. The firm’s 50 day moving average is $12.45 and its two-hundred day moving average is $12.04. The firm has a market capitalization of $5.24 billion, a P/E ratio of -13.01, a PEG ratio of 0.55 and a beta of 1.09. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.73. Flagstar Bank, National Association has a 52 week low of $9.15 and a 52 week high of $13.85.

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

Flagstar Bank, National Association Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Sunday, December 7th were issued a dividend of $0.01 per share. 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.