Flagstar Bank, National Association (NYSE:FLG) Director Acquires $101,400.00 in Stock

Key Points

• Director Alan Frank purchased 10,000 FLG shares at an average price of $10.14, investing $101,400 and increasing his stake by 15.05% to 76,463 shares.
• Flagstar’s shares fell 0.7% to $10.07, near their 52-week low, after quarterly earnings of $0.01 per share missed estimates by $0.06 and revenue also came in below expectations.
• The company has a $250 million share-repurchase authorization, while analysts maintain a broadly positive “Moderate Buy” consensus with an average price target of $14.54, despite some recent target cuts and concerns over credit conditions.

Flagstar Bank, National Association (NYSE:FLG - Get Free Report) Director Alan Frank bought 10,000 shares of the stock in a transaction that occurred on Tuesday, October 27th. The shares were purchased at an average price of $10.14 per share, with a total value of $101,400.00. Following the purchase, the director owned 76,463 shares of the company's stock, valued at approximately $775,334.82. This represents a 15.05% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Flagstar Bank, National Association Stock Down 0.7%

NYSE:FLG traded down $0.07 during trading hours on Wednesday, hitting $10.07. The company's stock had a trading volume of 6,003,116 shares, compared to its average volume of 5,141,109. The stock has a market capitalization of $4.18 billion, a P/E ratio of 66.97 and a beta of 1.05. The stock has a fifty day moving average of $12.31 and a 200-day moving average of $13.47. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.53. Flagstar Bank, National Association has a 52-week low of $9.93 and a 52-week high of $15.44.

Flagstar Bank, National Association (NYSE:FLG - Get Free Report) last posted its quarterly earnings results on Friday, October 23rd. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). The business had revenue of $530.00 million during the quarter, compared to analyst estimates of $545.12 million. Flagstar Bank, National Association had a net margin of 2.22% and a return on equity of 1.45%. During the same quarter in the prior year, the business earned ($0.07) earnings per share. On average, equities analysts forecast that Flagstar Bank, National Association will post 0.28 earnings per share for the current year.

Flagstar Bank, National Association announced that its board has authorized a share repurchase program on Friday, July 24th that authorizes the company to buy back $250 million in outstanding shares. This buyback authorization authorizes the company to buy up to 4.1% of its shares through open market purchases. Share buyback programs are often a sign that the company's leadership believes its shares are undervalued.

Flagstar Bank, National Association News Summary

Here are the key news stories impacting Flagstar Bank, National Association this week:

• Positive Sentiment: The board declared a quarterly cash dividend of $0.01 per common share, payable December 17, 2026. The bank also declared dividends on its preferred stocks, providing a modest income-support signal. Flagstar Bank declares quarterly cash dividends
• Positive Sentiment: UBS maintained a Buy rating despite reducing its price target to $14.50 from $15.50, while Citigroup also retained a Buy rating with a $14 target. Cantor Fitzgerald reaffirmed its Overweight rating and $16 target, indicating analysts still see substantial upside if operating conditions improve. UBS adjusts Flagstar price target
• Negative Sentiment: JPMorgan Chase lowered its expectations for FLG, Truist issued a pessimistic forecast, and Barclays cut its price target. The revisions suggest analysts are becoming more cautious about the bank’s near-term earnings and valuation outlook. JPMorgan lowers Flagstar expectations
• Negative Sentiment: Fitch affirmed Flagstar’s BB+ rating but lowered its outlook, citing a delayed recovery. The outlook change raises concerns about the pace of balance-sheet improvement and future credit costs. Fitch affirms Flagstar rating but lowers outlook
• Negative Sentiment: An investor group announced an investigation after management linked a $12.9 billion rent-regulated apartment loan portfolio to frozen rents and rising capitalization rates. Potential losses or weaker asset values are a significant overhang for FLG. Flagstar investor investigation notice

Hedge Funds Weigh In On Flagstar Bank, National Association

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in Flagstar Bank, National Association by 9.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,731,631 shares of the company's stock valued at $88,645,000 after purchasing an additional 569,003 shares during the last quarter. North Reef Capital Management LP acquired a new position in shares of Flagstar Bank, National Association during the 1st quarter valued at $36,744,000. Polar Asset Management Partners Inc. lifted its holdings in shares of Flagstar Bank, National Association by 36.8% during the 1st quarter. Polar Asset Management Partners Inc. now owns 1,626,388 shares of the company's stock valued at $21,420,000 after acquiring an additional 437,939 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Flagstar Bank, National Association by 3.8% during the 1st quarter. Principal Financial Group Inc. now owns 673,282 shares of the company's stock valued at $8,867,000 after acquiring an additional 24,659 shares in the last quarter. Finally, Swiss National Bank boosted its position in Flagstar Bank, National Association by 0.5% during the 1st quarter. Swiss National Bank now owns 617,302 shares of the company's stock worth $8,130,000 after purchasing an additional 2,800 shares during the period. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $16.00 price target on shares of Flagstar Bank, National Association in a research report on Tuesday. UBS Group decreased their price target on shares of Flagstar Bank, National Association from $15.50 to $14.50 and set a "buy" rating for the company in a research note on Tuesday. Weiss Ratings lowered shares of Flagstar Bank, National Association from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of Flagstar Bank, National Association from $14.00 to $11.50 and set a "neutral" rating for the company in a report on Monday. Finally, TD Cowen reduced their target price on shares of Flagstar Bank, National Association from $16.00 to $13.00 and set a "buy" rating for the company in a report on Monday. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $14.54.

Flagstar Bank, National Association Company Profile

Flagstar Bank, National Association is a full-service regional bank and the principal banking subsidiary of Flagstar Financial, Inc, formerly known as New York Community Bancorp. The bank provides consumer and business banking services through deposits, checking and savings accounts, lending, cash management, and digital banking channels.

Flagstar's lending activities include residential mortgages, mortgage servicing, commercial real estate loans, multifamily financing, commercial and industrial loans, and other consumer credit products.

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