Fieldview Capital Management LLC Lowers Stake in Flagstar Bank, National Association $FLG

Fieldview Capital Management LLC lowered its stake in shares of Flagstar Bank, National Association (NYSE:FLG) by 18.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 226,173 shares of the company’s stock after selling 52,377 shares during the period. Fieldview Capital Management LLC owned 0.05% of Flagstar Bank, National Association worth $2,848,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Flagstar Bank, National Association by 310.8% during the third quarter. JPMorgan Chase & Co. now owns 3,825,713 shares of the company’s stock worth $44,187,000 after buying an additional 2,894,424 shares during the period. TD Asset Management Inc lifted its holdings in Flagstar Bank, National Association by 134.3% during the third quarter. TD Asset Management Inc now owns 155,084 shares of the company’s stock worth $1,791,000 after buying an additional 88,890 shares during the period. Polar Asset Management Partners Inc. lifted its holdings in Flagstar Bank, National Association by 268.4% during the third quarter. Polar Asset Management Partners Inc. now owns 345,953 shares of the company’s stock worth $3,996,000 after buying an additional 252,053 shares during the period. Sippican Capital Advisors lifted its holdings in Flagstar Bank, National Association by 100.1% during the fourth quarter. Sippican Capital Advisors now owns 148,805 shares of the company’s stock worth $1,873,000 after buying an additional 74,425 shares during the period. Finally, Barclays PLC lifted its holdings in Flagstar Bank, National Association by 118.3% during the third quarter. Barclays PLC now owns 3,118,855 shares of the company’s stock worth $36,023,000 after buying an additional 1,690,435 shares during the period. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Analyst Upgrades and Downgrades

FLG has been the subject of several analyst reports. Barclays increased their price objective on Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Citigroup upped their target price on Flagstar Bank, National Association from $16.50 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research report on Tuesday, April 21st. Keefe, Bruyette & Woods raised Flagstar Bank, National Association from a “market perform” rating to an “outperform” rating and upped their target price for the company from $14.00 to $16.00 in a research report on Friday, March 13th. Finally, Wall Street Zen raised Flagstar Bank, National Association from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.67.

Flagstar Bank, National Association Price Performance

Shares of FLG opened at $14.95 on Friday. The business’s 50-day moving average is $14.01 and its two-hundred day moving average is $13.35. The company has a market capitalization of $6.23 billion, a P/E ratio of -67.93 and a beta of 1.02. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.90 and a current ratio of 0.90. Flagstar Bank, National Association has a fifty-two week low of $10.38 and a fifty-two week high of $14.98.

Flagstar Bank, National Association (NYSE:FLG) last announced its quarterly earnings results on Friday, April 24th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $507.00 million for 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%.The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.26) EPS. Research analysts predict that Flagstar Bank, National Association will post 0.46 earnings per share for the current year.

Flagstar Bank, National Association Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders 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 yield of 0.3%. The ex-dividend date of this dividend is Friday, June 5th. Flagstar Bank, National Association’s dividend payout ratio (DPR) is currently -18.18%.

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.