Flagstar Financial Sees Unusually High Options Volume (NYSE:FLG)

Flagstar Financial, Inc. (NYSE:FLG - Get Free Report) saw unusually large options trading activity on Tuesday. Stock investors bought 10,520 put options on the stock. This represents an increase of 70% compared to the typical daily volume of 6,192 put options.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Stephens reiterated an "equal weight" rating and issued a $12.50 price target on shares of Flagstar Financial in a report on Thursday, June 12th. Jefferies Financial Group assumed coverage on shares of Flagstar Financial in a report on Wednesday, May 21st. They issued a "buy" rating and a $15.00 target price for the company. Truist Financial started coverage on Flagstar Financial in a research note on Tuesday, May 13th. They set a "hold" rating and a $13.00 price target on the stock. Citigroup raised their price objective on Flagstar Financial from $15.00 to $15.50 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Wall Street Zen cut Flagstar Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Flagstar Financial has a consensus rating of "Hold" and an average price target of $13.39.

Flagstar Financial Price Performance

Shares of Flagstar Financial stock traded down $0.38 during trading on Wednesday, hitting $10.74. 21,392,688 shares of the company were exchanged, compared to its average volume of 6,310,993. The firm has a 50 day moving average price of $11.65 and a 200 day moving average price of $11.14. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of -4.13 and a beta of 1.13. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.85. Flagstar Financial has a fifty-two week low of $8.56 and a fifty-two week high of $13.35.

Flagstar Financial (NYSE:FLG - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.03. The business had revenue of $490.00 million for the quarter, compared to the consensus estimate of $511.00 million. Flagstar Financial had a negative return on equity of 9.68% and a negative net margin of 14.21%. Flagstar Financial's quarterly revenue was down 22.6% compared to the same quarter last year. On average, equities analysts expect that Flagstar Financial will post -0.31 earnings per share for the current fiscal year.

Flagstar Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Saturday, June 7th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.04 dividend on an annualized basis and a yield of 0.37%. Flagstar Financial's dividend payout ratio (DPR) is -1.54%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new position in shares of Flagstar Financial during the first quarter valued at approximately $45,000. Brooklyn Investment Group purchased a new stake in Flagstar Financial in the 1st quarter worth approximately $51,000. Arete Wealth Advisors LLC acquired a new position in Flagstar Financial in the 1st quarter valued at $94,000. Bayforest Capital Ltd purchased a new position in shares of Flagstar Financial during the 1st quarter worth $97,000. Finally, Strs Ohio purchased a new position in shares of Flagstar Financial during the 1st quarter worth $102,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Flagstar Financial Company Profile

Flagstar Financial, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.