Stock Traders Purchase Large Volume of Flagstar Financial Call Options (NYSE:FLG)

Flagstar Financial, Inc. (NYSE:FLG) was the recipient of unusually large options trading on Thursday. Stock investors purchased 28,314 call options on the company. This is an increase of 146% compared to the average volume of 11,523 call options.

Wall Street Analysts Forecast Growth

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

Flagstar Financial Price Performance

Shares of NYSE FLG opened at $12.75 on Friday. The business’s 50-day moving average is $10.11. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.88. Flagstar Financial has a 1-year low of $5.10 and a 1-year high of $16.59. The stock has a market cap of $5.29 billion, a P/E ratio of -3.46 and a beta of 1.11.

Flagstar Financial (NYSE:FLG) last released its quarterly earnings data on Thursday, January 30th. The company reported ($0.34) earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Equities research analysts anticipate that Flagstar Financial will post -0.28 earnings per share for the current fiscal year.

Flagstar Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, March 7th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. Flagstar Financial’s dividend payout ratio is currently -1.08%.

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.