Traders Buy High Volume of Put Options on Flagstar Bank, National Association (NYSE:FLG)

Flagstar Bank, National Association (NYSE:FLG) was the recipient of some unusual options trading on Monday. Stock traders acquired 16,404 put options on the stock. This is an increase of 108% compared to the average volume of 7,868 put options.

Flagstar Bank, National Association Trading Down 1.3%

FLG traded down $0.15 on Monday, hitting $11.02. The company had a trading volume of 1,126,065 shares, compared to its average volume of 6,009,333. The company has a market cap of $4.58 billion, a PE ratio of -11.35 and a beta of 1.19. The business’s fifty day simple moving average is $11.71 and its 200 day simple moving average is $11.75. Flagstar Bank, National Association has a 12-month low of $8.56 and a 12-month high of $13.35. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 1.73.

Flagstar Bank, National Association (NYSE:FLG) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.07) EPS for the quarter. The firm 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%. Equities research analysts expect that Flagstar Bank, National Association will post -0.31 EPS for the current year.

Flagstar Bank, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Sunday, December 7th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, December 5th. Flagstar Bank, National Association’s dividend payout ratio is currently -4.12%.

Hedge Funds Weigh In On Flagstar Bank, National Association

Institutional investors have recently made changes to their positions in the company. Inspire Investing LLC purchased a new position in Flagstar Bank, National Association during the first quarter worth approximately $422,000. Mendon Capital Advisors Corp purchased a new position in Flagstar Bank, National Association in the 1st quarter worth approximately $2,403,000. Mutual of America Capital Management LLC acquired a new position in shares of Flagstar Bank, National Association during the 1st quarter worth approximately $1,814,000. Liberty 77 Capital L.P. acquired a new stake in shares of Flagstar Bank, National Association in the first quarter valued at approximately $871,500,000. Finally, Comerica Bank purchased a new position in Flagstar Bank, National Association during the first quarter worth approximately $990,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Flagstar Bank, National Association from $12.50 to $14.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. DA Davidson reaffirmed a “buy” rating and set a $14.50 target price on shares of Flagstar Bank, National Association in a report on Thursday. UBS Group dropped their price target on shares of Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Truist Financial lifted their target price on Flagstar Bank, National Association from $12.00 to $13.50 and gave the company a “hold” rating in a research report on Friday, September 12th. Finally, Citigroup increased their target price on shares of Flagstar Bank, National Association from $15.50 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $13.88.

About Flagstar Bank, National Association

Flagstar Financial, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company’s deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.