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

Flagstar Financial, Inc. (NYSE:FLG) saw unusually large options trading activity on Thursday. Stock investors bought 28,314 call options on the company. This represents an increase of approximately 146% compared to the average volume of 11,523 call options.

Analysts Set New Price Targets

Several research analysts have commented on the company. Compass Point lifted their target price on Flagstar Financial from $11.50 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. UBS Group began coverage on Flagstar Financial in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $11.50 price objective on the stock. DA Davidson raised shares of Flagstar Financial from a “neutral” rating to a “buy” rating and increased their target price for the company from $12.00 to $14.50 in a research report on Friday, January 31st. Barclays boosted their price target on shares of Flagstar Financial from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Flagstar Financial from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $12.90.

Flagstar Financial Trading Up 2.4 %

NYSE FLG traded up $0.29 on Thursday, hitting $12.58. 4,353,250 shares of the company were exchanged, compared to its average volume of 5,954,642. Flagstar Financial has a 12 month low of $5.10 and a 12 month high of $16.59. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.09 and a current ratio of 1.10. The stock has a market capitalization of $5.22 billion, a P/E ratio of -3.41 and a beta of 1.11. The stock’s fifty day moving average is $10.10.

Flagstar Financial (NYSE:FLG) last posted its quarterly earnings results on Thursday, January 30th. The company reported ($0.34) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.17. Flagstar Financial had a negative return on equity of 10.72% and a negative net margin of 17.16%. On average, analysts expect that Flagstar Financial will post -0.28 earnings per share for the current year.

Flagstar Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. Flagstar Financial’s dividend payout ratio (DPR) is presently -1.08%.

About Flagstar Financial

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.