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

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

Wall Street Analysts Forecast Growth

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

Flagstar Financial Price Performance

NYSE FLG opened at $12.75 on Friday. The company has a 50 day moving average price of $10.11. The stock has a market cap of $5.29 billion, a P/E ratio of -3.46 and a beta of 1.11. 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 has a 1-year low of $5.10 and a 1-year high of $16.59.

Flagstar Financial (NYSE:FLG) last announced its earnings results on Thursday, January 30th. The company reported ($0.34) EPS for the quarter, beating 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, research analysts expect that Flagstar Financial will post -0.28 earnings per share for the current fiscal year.

Flagstar Financial Dividend Announcement

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 issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Friday, March 7th. Flagstar Financial’s dividend payout ratio (DPR) is -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.