TD Asset Management Inc Boosts Holdings in Flagstar Bank, National Association $FLG

TD Asset Management Inc lifted its position in shares of Flagstar Bank, National Association (NYSE:FLG) by 134.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 155,084 shares of the company’s stock after buying an additional 88,890 shares during the period. TD Asset Management Inc’s holdings in Flagstar Bank, National Association were worth $1,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC purchased a new position in Flagstar Bank, National Association in the second quarter worth approximately $28,000. Financial Freedom LLC acquired a new position in shares of Flagstar Bank, National Association in the 2nd quarter valued at $31,000. Ameritas Advisory Services LLC purchased a new position in shares of Flagstar Bank, National Association during the 3rd quarter worth $33,000. Geneos Wealth Management Inc. acquired a new stake in shares of Flagstar Bank, National Association during the 1st quarter worth about $45,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Flagstar Bank, National Association during the 2nd quarter worth about $47,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Royal Bank Of Canada upped their target price on shares of Flagstar Bank, National Association from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. Keefe, Bruyette & Woods upped their price objective on shares of Flagstar Bank, National Association from $13.50 to $14.00 and gave the stock a “market perform” rating in a report on Monday, February 2nd. Morgan Stanley lifted their target price on shares of Flagstar Bank, National Association from $14.00 to $16.00 and gave the company an “equal weight” rating in a report on Monday. Citigroup boosted their target price on Flagstar Bank, National Association from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Flagstar Bank, National Association currently has a consensus rating of “Hold” and an average target price of $14.62.

Flagstar Bank, National Association Trading Down 1.7%

FLG opened at $12.78 on Friday. The business has a fifty day moving average price of $13.23 and a 200 day moving average price of $12.47. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.92 and a quick ratio of 0.99. Flagstar Bank, National Association has a 12 month low of $9.64 and a 12 month high of $14.53. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of -25.06 and a beta of 1.08.

Flagstar Bank, National Association (NYSE:FLG) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. Flagstar Bank, National Association had a negative return on equity of 1.60% and a negative net margin of 3.68%.The business had revenue of $548.00 million during the quarter, compared to analysts’ expectations of $533.00 million. During the same quarter last year, the business posted ($0.41) EPS. The business’s quarterly revenue was down 10.9% compared to the same quarter last year. Sell-side analysts expect that Flagstar Bank, National Association will post -0.31 earnings per share for the current fiscal year.

Flagstar Bank, National Association Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Saturday, March 7th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, March 6th. Flagstar Bank, National Association’s payout ratio is -7.84%.

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.