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

SG Americas Securities LLC lifted its stake in shares of Flagstar Bank, National Association (NYSE:FLG) by 14,586.4% during the first quarter, HoldingsChannel reports. The firm 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’s holdings in Flagstar Bank, National Association were worth $27,636,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FLG. UMB Bank n.a. lifted its stake in Flagstar Bank, National Association by 23.6% in the fourth quarter. UMB Bank n.a. now owns 3,766 shares of the company’s stock valued at $47,000 after acquiring an additional 719 shares during the last quarter. Allworth Financial LP grew its holdings in Flagstar Bank, National Association by 8.6% during the fourth quarter. Allworth Financial LP now owns 10,994 shares of the company’s stock worth $138,000 after purchasing an additional 869 shares during the period. Mercer Global Advisors Inc. ADV increased its position in Flagstar Bank, National Association by 6.2% during the third quarter. Mercer Global Advisors Inc. ADV now owns 16,060 shares of the company’s stock worth $185,000 after buying an additional 936 shares during the last quarter. Collar Capital Management LLC raised its stake in Flagstar Bank, National Association by 0.9% in the fourth quarter. Collar Capital Management LLC now owns 117,025 shares of the company’s stock valued at $1,473,000 after buying an additional 1,075 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of Flagstar Bank, National Association by 6.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 19,106 shares of the company’s stock valued at $241,000 after buying an additional 1,127 shares during the last quarter. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Flagstar Bank, National Association Stock Performance

FLG opened at $15.10 on Thursday. The business has a fifty day simple moving average of $14.18 and a 200 day simple moving average of $13.50. The company has a market capitalization of $6.30 billion, a PE ratio of -68.65 and a beta of 1.02. Flagstar Bank, National Association has a 1 year low of $10.38 and a 1 year high of $15.36. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.90 and a quick ratio of 0.90.

Flagstar Bank, National Association (NYSE:FLG) last posted its quarterly earnings data on Friday, April 24th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm 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 company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.26) EPS. Research analysts expect that Flagstar Bank, National Association will post 0.46 EPS for the current year.

Flagstar Bank, National Association Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods raised Flagstar Bank, National Association from a “market perform” rating to an “outperform” rating and raised their price target for the company from $14.00 to $16.00 in a report on Friday, March 13th. Morgan Stanley upped their price objective on shares of 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 objective on shares of Flagstar Bank, National Association from $16.50 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flagstar Bank, National Association in a report on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of Flagstar Bank, National Association from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.67.

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.