270,469 Shares in Flagstar Bank, National Association $FLG Purchased by Old West Investment Management LLC

Old West Investment Management LLC bought a new stake in shares of Flagstar Bank, National Association (NYSE:FLG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 270,469 shares of the company’s stock, valued at approximately $3,124,000. Old West Investment Management LLC owned 0.07% of Flagstar Bank, National Association at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. J.W. Cole Advisors Inc. boosted its stake in shares of Flagstar Bank, National Association by 71.6% during the third quarter. J.W. Cole Advisors Inc. now owns 49,917 shares of the company’s stock valued at $577,000 after purchasing an additional 20,825 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Flagstar Bank, National Association by 43.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 138,719 shares of the company’s stock worth $1,602,000 after buying an additional 42,310 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in Flagstar Bank, National Association by 28.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 184,470 shares of the company’s stock worth $2,131,000 after acquiring an additional 40,374 shares in the last quarter. AlphaQuest LLC increased its position in Flagstar Bank, National Association by 11.9% during the 3rd quarter. AlphaQuest LLC now owns 25,935 shares of the company’s stock valued at $300,000 after purchasing an additional 2,763 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of Flagstar Bank, National Association by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 92,120 shares of the company’s stock valued at $1,064,000 after purchasing an additional 1,346 shares in the last quarter. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Wall Street Analysts Forecast Growth

FLG has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their price objective on shares of Flagstar Bank, National Association from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. Citigroup increased their price target on shares of Flagstar Bank, National Association from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods raised their target price on shares of Flagstar Bank, National Association from $13.50 to $14.00 and gave the company a “market perform” rating in a research note on Monday, February 2nd. Finally, Barclays boosted their target price on Flagstar Bank, National Association from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Flagstar Bank, National Association presently has a consensus rating of “Hold” and an average target price of $14.46.

Flagstar Bank, National Association Trading Up 2.5%

Shares of NYSE:FLG opened at $14.26 on Friday. The business has a 50-day moving average price of $12.98 and a 200-day moving average price of $12.22. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of -27.96, a PEG ratio of 0.67 and a beta of 1.10. Flagstar Bank, National Association has a 52-week low of $9.64 and a 52-week high of $14.43. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.59.

Flagstar Bank, National Association (NYSE:FLG) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. Flagstar Bank, National Association had a negative net margin of 3.68% and a negative return on equity of 1.60%. The business had revenue of $548.00 million during the quarter, compared to analysts’ expectations of $533.00 million. During the same period in the previous year, the business posted ($0.41) EPS. The business’s quarterly revenue was down 10.9% compared to the same quarter last year. Equities analysts predict that Flagstar Bank, National Association will post -0.31 EPS for the current year.

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.