SG Americas Securities LLC Buys 2,084,101 Shares of Flagstar Bank, National Association $FLG

SG Americas Securities LLC raised its stake in Flagstar Bank, National Association (NYSE:FLG) by 14,586.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,098,389 shares of the company’s stock after acquiring an additional 2,084,101 shares during the quarter. SG Americas Securities LLC owned about 0.50% of Flagstar Bank, National Association worth $27,636,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of FLG. DV Equities LLC acquired a new position in shares of Flagstar Bank, National Association during the fourth quarter worth approximately $25,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Flagstar Bank, National Association in the fourth quarter valued at approximately $34,000. Litman Gregory Wealth Management LLC bought a new position in Flagstar Bank, National Association in the 4th quarter worth approximately $34,000. Advisory Services Network LLC bought a new position in Flagstar Bank, National Association in the 3rd quarter worth approximately $35,000. Finally, Clayton Financial Group LLC acquired a new position in Flagstar Bank, National Association during the 4th quarter worth $42,000. 67.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on FLG. Citigroup boosted their target price on Flagstar Bank, National Association from $16.50 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Truist Financial raised shares of Flagstar Bank, National Association from a “hold” rating to a “buy” rating and boosted their price target for the stock from $13.50 to $17.00 in a research note on Tuesday, April 7th. Piper Sandler lifted their target price on shares of Flagstar Bank, National Association from $16.00 to $16.50 and gave the stock an “overweight” rating in a report on Monday, April 27th. Royal Bank Of Canada upped their price objective 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. Finally, Keefe, Bruyette & Woods raised Flagstar Bank, National Association from a “market perform” rating to an “outperform” rating and upped their price target for the company from $14.00 to $16.00 in a research note on Friday, March 13th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Flagstar Bank, National Association has a consensus rating of “Hold” and a consensus target price of $15.67.

Flagstar Bank, National Association Stock Up 0.5%

Flagstar Bank, National Association stock opened at $15.10 on Thursday. The company has a 50 day moving average of $14.18 and a 200-day moving average of $13.50. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.47. Flagstar Bank, National Association has a twelve month low of $10.38 and a twelve month high of $15.36. The stock has a market capitalization of $6.30 billion, a PE ratio of -68.65 and a beta of 1.02.

Flagstar Bank, National Association (NYSE:FLG) last announced its earnings results on Friday, April 24th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $507.00 million during the quarter, compared to analyst estimates of $556.74 million. Flagstar Bank, National Association had a negative net margin of 1.22% and a negative return on equity of 0.11%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.26) EPS. On average, equities research analysts anticipate that Flagstar Bank, National Association will post 0.46 EPS for the current fiscal year.

Flagstar Bank, National Association Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Sunday, June 7th were issued a $0.01 dividend. The ex-dividend date was Friday, June 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. Flagstar Bank, National Association’s dividend payout ratio (DPR) is -18.18%.

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.