Gagnon Securities LLC Has $866,000 Stock Holdings in Flagstar Bank, National Association $FLG

Gagnon Securities LLC decreased its holdings in Flagstar Bank, National Association (NYSE:FLG) by 36.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 74,953 shares of the company’s stock after selling 42,922 shares during the period. Gagnon Securities LLC’s holdings in Flagstar Bank, National Association were worth $866,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FLG. CWM LLC acquired a new stake in Flagstar Bank, National Association in the second quarter valued at about $28,000. Financial Freedom LLC bought a new position in shares of Flagstar Bank, National Association in the second quarter worth about $31,000. Geneos Wealth Management Inc. acquired a new stake in shares of Flagstar Bank, National Association in the 1st quarter valued at approximately $45,000. Fifth Third Bancorp acquired a new stake in shares of Flagstar Bank, National Association in the 2nd quarter valued at approximately $46,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Flagstar Bank, National Association during the 2nd quarter valued at approximately $47,000. 67.88% of the stock is currently owned by institutional investors.

Flagstar Bank, National Association Stock Up 4.1%

Shares of FLG opened at $13.48 on Friday. The stock’s 50-day moving average price is $12.75 and its two-hundred day moving average price is $12.12. Flagstar Bank, National Association has a 12 month low of $9.64 and a 12 month high of $13.85. The company has a market capitalization of $5.60 billion, a PE ratio of -13.89, 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 (NYSE:FLG) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $498.00 million for the quarter. Flagstar Bank, National Association had a negative return on equity of 3.80% and a negative net margin of 7.06%. On average, analysts anticipate that Flagstar Bank, National Association will post -0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Barclays boosted their target price on shares of 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. Cantor Fitzgerald boosted their price objective 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. JPMorgan Chase & Co. increased their target price on Flagstar Bank, National Association from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Tuesday, December 16th. UBS Group reduced their price target on Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $14.50 price objective on shares of Flagstar Bank, National Association in a research note on Thursday, November 13th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $14.32.

Flagstar Bank, National Association Company 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.