Inceptionr LLC Grows Stock Holdings in Flagstar Bank, National Association $FLG

Inceptionr LLC lifted its position in shares of Flagstar Bank, National Association (NYSE:FLG) by 754.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 87,001 shares of the company’s stock after buying an additional 76,814 shares during the quarter. Inceptionr LLC’s holdings in Flagstar Bank, National Association were worth $1,095,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FLG. AQR Capital Management LLC purchased a new position in shares of Flagstar Bank, National Association during the 1st quarter valued at $2,039,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Flagstar Bank, National Association during the 1st quarter valued at $1,754,000. Goldman Sachs Group Inc. purchased a new stake in Flagstar Bank, National Association in the 1st quarter worth $21,022,000. United Services Automobile Association purchased a new stake in Flagstar Bank, National Association in the 1st quarter worth $219,000. Finally, Empowered Funds LLC purchased a new stake in Flagstar Bank, National Association in the 1st quarter worth $516,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Flagstar Bank, National Association Stock Up 2.1%

Shares of NYSE FLG opened at $14.54 on Thursday. The firm’s 50-day moving average price is $13.95 and its 200-day moving average price is $13.32. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of -66.07 and a beta of 1.02. Flagstar Bank, National Association has a 12-month low of $10.38 and a 12-month high of $14.92.

Flagstar Bank, National Association (NYSE:FLG) last announced its earnings results on Friday, April 24th. The company reported $0.04 earnings per share (EPS) for the quarter, beating 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 net margin of 1.22% and a negative return on equity of 0.11%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.26) EPS. On average, equities research analysts anticipate that Flagstar Bank, National Association will post 0.46 EPS for the current fiscal year.

Flagstar Bank, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Sunday, June 7th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, June 5th. Flagstar Bank, National Association’s dividend payout ratio is currently -18.18%.

Wall Street Analyst Weigh In

Several analysts have commented on FLG shares. Morgan Stanley boosted their price target on shares of Flagstar Bank, National Association from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Truist Financial upgraded shares of Flagstar Bank, National Association from a “hold” rating to a “buy” rating and boosted their price target for the stock from $13.50 to $17.00 in a research note on Tuesday, April 7th. DA Davidson boosted their price target 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research note 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 research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $15.42.

Flagstar Bank, National Association 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.