Flagstar Bank, National Association $FLG Shares Sold by Fieldview Capital Management LLC

Fieldview Capital Management LLC reduced its position in shares of Flagstar Bank, National Association (NYSE:FLG) by 18.8% during the 4th quarter, HoldingsChannel reports. The fund owned 226,173 shares of the company’s stock after selling 52,377 shares during the period. Fieldview Capital Management LLC’s holdings in Flagstar Bank, National Association were worth $2,848,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Ameritas Advisory Services LLC purchased a new stake in shares of Flagstar Bank, National Association during the 3rd quarter worth about $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Flagstar Bank, National Association during the 4th quarter worth about $34,000. Litman Gregory Wealth Management LLC purchased a new stake in shares of Flagstar Bank, National Association during the 4th quarter worth about $34,000. Advisory Services Network LLC purchased a new stake in shares of Flagstar Bank, National Association during the 3rd quarter worth about $35,000. Finally, Clayton Financial Group LLC purchased a new stake in shares of Flagstar Bank, National Association during the 4th quarter worth about $42,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. DA Davidson increased their target price on shares of Flagstar Bank, National Association from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Barclays increased their target price on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 7th. Keefe, Bruyette & Woods raised shares of Flagstar Bank, National Association from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $14.00 to $16.00 in a research note on Friday, March 13th. Royal Bank Of Canada increased their target price on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Monday, April 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research note on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.67.

Flagstar Bank, National Association Trading Up 2.8%

Shares of Flagstar Bank, National Association stock opened at $14.95 on Friday. The firm has a market capitalization of $6.23 billion, a PE ratio of -67.93 and a beta of 1.02. Flagstar Bank, National Association has a twelve month low of $10.38 and a twelve month high of $14.98. The firm’s 50-day moving average price is $14.01 and its 200 day moving average price is $13.35. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.47.

Flagstar Bank, National Association (NYSE:FLG) last issued its quarterly earnings results on Friday, April 24th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $507.00 million for 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%. Flagstar Bank, National Association’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted ($0.26) EPS. On average, sell-side analysts predict that Flagstar Bank, National Association will post 0.46 EPS for the current fiscal year.

Flagstar Bank, National Association Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Sunday, June 7th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. Flagstar Bank, National Association’s dividend payout ratio (DPR) is currently -18.18%.

Flagstar Bank, National Association Company Profile

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.