Cerity Partners LLC Purchases New Holdings in Flagstar Bank, National Association $FLG

Cerity Partners LLC purchased a new position in shares of Flagstar Bank, National Association (NYSE:FLG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,882,695 shares of the company’s stock, valued at approximately $19,957,000.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC bought a new stake in shares of Flagstar Bank, National Association during the 2nd quarter valued at $28,000. Financial Freedom LLC bought a new position in shares of Flagstar Bank, National Association in the second quarter worth $31,000. UMB Bank n.a. acquired a new position in Flagstar Bank, National Association in the second quarter valued at about $33,000. Marquette Asset Management LLC acquired a new position in Flagstar Bank, National Association in the second quarter valued at about $35,000. Finally, American National Bank & Trust bought a new stake in Flagstar Bank, National Association during the second quarter worth about $41,000. Institutional investors own 67.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. DA Davidson reissued a “buy” rating and issued a $14.50 price objective on shares of Flagstar Bank, National Association in a research note on Thursday, November 13th. Morgan Stanley set a $14.00 target price on Flagstar Bank, National Association and gave the company an “underperform” rating in a report on Monday, September 29th. Cantor Fitzgerald started coverage on Flagstar Bank, National Association in a research report on Wednesday, September 10th. They set an “overweight” rating and a $15.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of Flagstar Bank, National Association from $12.50 to $14.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Flagstar Bank, National Association has a consensus rating of “Hold” and a consensus target price of $14.05.

Flagstar Bank, National Association Stock Performance

Shares of FLG stock opened at $12.70 on Wednesday. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of -13.09 and a beta of 1.11. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.73. The business’s 50-day moving average price is $11.65 and its 200-day moving average price is $11.72. Flagstar Bank, National Association has a 12 month low of $8.56 and a 12 month high of $13.35.

Flagstar Bank, National Association (NYSE:FLG) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter. Flagstar Bank, National Association had a negative net margin of 7.06% and a negative return on equity of 3.80%. The business had revenue of $498.00 million during the quarter. Equities research analysts forecast that Flagstar Bank, National Association will post -0.31 EPS for the current year.

Flagstar Bank, National Association Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Sunday, December 7th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, December 5th. Flagstar Bank, National Association’s payout ratio is -4.12%.

Flagstar Bank, National Association 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.