Flagstar Bank, National Association $FLG Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in Flagstar Bank, National Association (NYSE:FLG) by 9.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 6,731,631 shares of the company’s stock after purchasing an additional 569,003 shares during the period. Dimensional Fund Advisors LP’s holdings in Flagstar Bank, National Association were worth $88,645,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in Flagstar Bank, National Association by 23.6% during the fourth quarter. UMB Bank n.a. now owns 3,766 shares of the company’s stock worth $47,000 after purchasing an additional 719 shares in the last quarter. Allworth Financial LP grew its stake in shares of Flagstar Bank, National Association by 8.6% in the fourth quarter. Allworth Financial LP now owns 10,994 shares of the company’s stock valued at $138,000 after buying an additional 869 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of Flagstar Bank, National Association by 6.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 16,060 shares of the company’s stock valued at $185,000 after buying an additional 936 shares in the last quarter. Collar Capital Management LLC raised its holdings in shares of Flagstar Bank, National Association by 0.9% in the 4th 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 stake in Flagstar Bank, National Association by 6.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 19,106 shares of the company’s stock worth $241,000 after acquiring an additional 1,127 shares in the last quarter. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Wall Street Analyst Weigh In

FLG has been the subject of a number of research analyst reports. UBS Group initiated coverage on Flagstar Bank, National Association in a report on Tuesday, July 7th. They set a “buy” rating and a $18.00 target price for the company. Piper Sandler boosted their price target on shares of Flagstar Bank, National Association from $16.50 to $17.50 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Cantor Fitzgerald increased their price target on shares of Flagstar Bank, National Association from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. raised their price objective on shares of Flagstar Bank, National Association from $15.50 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Finally, Wall Street Zen upgraded shares of Flagstar Bank, National Association from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.79.

Flagstar Bank, National Association Trading Up 1.0%

NYSE FLG opened at $14.12 on Thursday. Flagstar Bank, National Association has a 52 week low of $10.57 and a 52 week high of $15.44. The firm has a 50 day moving average of $14.54 and a two-hundred day moving average of $13.84. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $5.88 billion, a PE ratio of 470.50 and a beta of 1.01.

Flagstar Bank, National Association (NYSE:FLG) last announced its quarterly earnings data on Friday, July 24th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $512.00 million during the quarter, compared to analyst estimates of $539.34 million. Flagstar Bank, National Association had a net margin of 1.08% and a return on equity of 0.98%. Flagstar Bank, National Association’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.14) earnings per share. As a group, research analysts expect that Flagstar Bank, National Association will post 0.37 EPS for the current fiscal year.

Flagstar Bank, National Association declared that its board has approved a share repurchase plan on Friday, July 24th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 4.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Flagstar Bank, National Association Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Monday, September 7th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Flagstar Bank, National Association’s payout ratio is 133.33%.

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.