Stock Traders Buy Large Volume of Flagstar Financial Call Options (NYSE:FLG)

Flagstar Financial, Inc. (NYSE:FLG) was the target of some unusual options trading activity on Friday. Stock investors bought 18,544 call options on the company. This represents an increase of 74% compared to the average daily volume of 10,638 call options.

Flagstar Financial Trading Up 2.3 %

Shares of FLG opened at $9.41 on Friday. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.14 and a quick ratio of 1.12. Flagstar Financial has a 12-month low of $5.10 and a 12-month high of $31.56. The firm has a 50-day moving average price of $10.23. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of -2.16 and a beta of 1.09.

Flagstar Financial Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 9th were issued a $0.01 dividend. This represents a dividend yield of 0.33%. The ex-dividend date of this dividend was Friday, December 6th. Flagstar Financial’s dividend payout ratio is currently -0.92%.

Wall Street Analysts Forecast Growth

FLG has been the subject of a number of recent research reports. UBS Group initiated coverage on shares of Flagstar Financial in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $11.50 target price for the company. Compass Point increased their target price on shares of Flagstar Financial from $11.50 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Flagstar Financial from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th.

Flagstar Financial Company Profile

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.