Gagnon Securities LLC Has $866,000 Holdings in Flagstar Bank, National Association $FLG

Gagnon Securities LLC decreased its position in Flagstar Bank, National Association (NYSE:FLG) by 36.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,953 shares of the company’s stock after selling 42,922 shares during the period. Gagnon Securities LLC’s holdings in Flagstar Bank, National Association were worth $866,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. TD Waterhouse Canada Inc. raised its position in shares of Flagstar Bank, National Association by 5.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 23,036 shares of the company’s stock worth $270,000 after acquiring an additional 1,168 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Flagstar Bank, National Association during the third quarter worth approximately $171,000. Inspire Advisors LLC grew its stake in Flagstar Bank, National Association by 11.6% during the third quarter. Inspire Advisors LLC now owns 17,396 shares of the company’s stock worth $201,000 after purchasing an additional 1,815 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in Flagstar Bank, National Association in the third quarter worth approximately $358,000. Finally, Sippican Capital Advisors acquired a new position in Flagstar Bank, National Association in the third quarter valued at approximately $859,000. Institutional investors own 67.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays raised their price objective on shares of Flagstar Bank, National Association from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research note on Thursday, January 22nd. Cantor Fitzgerald upped their price objective on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, December 19th. UBS Group reduced their target price on Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $14.50 target price on shares of Flagstar Bank, National Association in a research report on Thursday, November 13th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $14.32.

Flagstar Bank, National Association Trading Up 4.1%

FLG opened at $13.48 on Friday. Flagstar Bank, National Association has a fifty-two week low of $9.64 and a fifty-two week high of $13.85. The firm has a market capitalization of $5.60 billion, a PE ratio of -13.89, a P/E/G ratio of 0.55 and a beta of 1.09. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.02 and a quick ratio of 1.01. The company’s 50-day moving average is $12.75 and its 200 day moving average is $12.12.

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

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.