BW Gestao de Investimentos Ltda. Buys New Stake in Flagstar Bank, National Association $FLG

BW Gestao de Investimentos Ltda. purchased a new position in shares of Flagstar Bank, National Association (NYSE:FLG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,000,000 shares of the company’s stock, valued at approximately $12,590,000. BW Gestao de Investimentos Ltda. owned 0.24% of Flagstar Bank, National Association as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Ameritas Advisory Services LLC acquired a new stake in shares of Flagstar Bank, National Association during the 3rd quarter worth $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Flagstar Bank, National Association during the 4th quarter worth $34,000. Advisory Services Network LLC acquired a new stake in shares of Flagstar Bank, National Association during the 3rd quarter worth $35,000. Clayton Financial Group LLC acquired a new stake in shares of Flagstar Bank, National Association during the 4th quarter worth $42,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Flagstar Bank, National Association during the 1st quarter worth $45,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Flagstar Bank, National Association Stock Performance

Shares of NYSE FLG opened at $13.81 on Tuesday. 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 firm’s 50-day moving average price is $13.79 and its two-hundred day moving average price is $13.16. Flagstar Bank, National Association has a 52-week low of $10.38 and a 52-week high of $14.92. The stock has a market capitalization of $5.76 billion, a P/E ratio of -62.78 and a beta of 1.02.

Flagstar Bank, National Association (NYSE:FLG) last released its quarterly earnings results on Friday, April 24th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $507.00 million for the quarter, compared to analysts’ expectations of $556.74 million. Flagstar Bank, National Association had a negative return on equity of 0.11% and a negative net margin of 1.22%.The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.26) earnings per share. As a group, sell-side analysts forecast that Flagstar Bank, National Association will post 0.47 earnings per share for the current year.

Flagstar Bank, National Association Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on FLG. Royal Bank Of Canada increased their price target on Flagstar Bank, National Association from $15.00 to $16.00 and gave the company a “sector perform” rating in a report on Monday, April 27th. Morgan Stanley increased their price target on Flagstar Bank, National Association from $14.00 to $16.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. 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. 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. Finally, Keefe, Bruyette & Woods upgraded Flagstar Bank, National Association from a “market perform” rating to an “outperform” rating and increased their price target for the company from $14.00 to $16.00 in a report on Friday, March 13th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Flagstar Bank, National Association currently has an average rating of “Hold” and an average target price of $15.42.

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.