Flagstar Bank, National Association $FLG Shares Acquired by One William Street Capital Management L.P.

One William Street Capital Management L.P. lifted its stake in Flagstar Bank, National Association (NYSE:FLG) by 95.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 400,000 shares of the company’s stock after acquiring an additional 195,000 shares during the period. Flagstar Bank, National Association comprises about 0.7% of One William Street Capital Management L.P.’s holdings, making the stock its 2nd biggest position. One William Street Capital Management L.P.’s holdings in Flagstar Bank, National Association were worth $5,036,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC bought a new position in Flagstar Bank, National Association during the first quarter valued at about $2,039,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Flagstar Bank, National Association in the 1st quarter worth approximately $1,754,000. Goldman Sachs Group Inc. bought a new stake in shares of Flagstar Bank, National Association in the 1st quarter worth approximately $21,022,000. United Services Automobile Association acquired a new stake in shares of Flagstar Bank, National Association during the 1st quarter worth approximately $219,000. Finally, Empowered Funds LLC bought a new stake in shares of Flagstar Bank, National Association during the first quarter valued at approximately $516,000. 67.88% of the stock is owned by institutional investors and hedge funds.

Flagstar Bank, National Association Trading Down 0.9%

FLG stock opened at $14.94 on Wednesday. Flagstar Bank, National Association has a 1-year low of $10.38 and a 1-year high of $15.37. 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 business’s 50 day moving average is $14.07 and its 200-day moving average is $13.40. The firm has a market cap of $6.23 billion, a P/E ratio of -67.89 and a beta of 1.02.

Flagstar Bank, National Association (NYSE:FLG) last posted its earnings results on Friday, April 24th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $507.00 million during the quarter, compared to the consensus estimate of $556.74 million. Flagstar Bank, National Association had a negative return on equity of 0.11% and a negative net margin of 1.22%.Flagstar Bank, National Association’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.26) EPS. Equities analysts anticipate that Flagstar Bank, National Association will post 0.46 earnings per share for the current fiscal year.

Flagstar Bank, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Sunday, June 7th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. Flagstar Bank, National Association’s dividend payout ratio (DPR) is presently -18.18%.

Wall Street Analysts Forecast Growth

FLG has been the subject of a number of recent research reports. DA Davidson upped their target price on Flagstar Bank, National Association from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Barclays boosted their price target on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research note on Tuesday, April 21st. Piper Sandler raised their price objective on shares of Flagstar Bank, National Association from $16.00 to $16.50 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, Wall Street Zen raised shares of Flagstar Bank, National Association from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.67.

About Flagstar Bank, National Association

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.