Traders Buy Large Volume of Put Options on Flagstar Financial (NYSE:FLG)

Flagstar Financial, Inc. (NYSE:FLG) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 17,242 put options on the stock. This is an increase of 84% compared to the typical daily volume of 9,347 put options.

Analysts Set New Price Targets

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

Flagstar Financial Trading Down 0.1 %

Shares of NYSE:FLG traded down $0.01 on Wednesday, reaching $11.50. 1,167,071 shares of the company’s stock were exchanged, compared to its average volume of 5,891,621. Flagstar Financial has a twelve month low of $7.86 and a twelve month high of $13.35. The company’s fifty day moving average price is $11.76. The firm has a market cap of $4.77 billion, a P/E ratio of -3.12 and a beta of 1.16. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 1.88.

Flagstar Financial (NYSE:FLG) last issued its quarterly earnings results on Thursday, January 30th. The company reported ($0.34) earnings per share (EPS) 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%. As a group, equities research analysts forecast that Flagstar Financial will post -0.31 EPS for the current fiscal year.

Flagstar Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, March 7th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Friday, March 7th. Flagstar Financial’s payout ratio is currently -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.