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

Flagstar Financial, Inc. (NYSE:FLG - Get Free Report) was the recipient of unusually large options trading on Thursday. Stock investors bought 28,314 call options on the stock. This is an increase of approximately 146% compared to the typical volume of 11,523 call options.

Flagstar Financial Price Performance

Shares of Flagstar Financial stock remained flat at $12.31 during trading hours on Monday. 5,978,820 shares of the company's stock were exchanged, compared to its average volume of 6,213,347. 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 50 day simple moving average of $10.13. The firm has a market cap of $5.11 billion, a PE ratio of -3.34 and a beta of 1.11. Flagstar Financial has a 12-month low of $5.10 and a 12-month high of $16.59.

Flagstar Financial (NYSE:FLG - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported ($0.34) earnings per share (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%. As a group, equities analysts forecast that Flagstar Financial will post -0.32 earnings per share for the current year.

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Flagstar Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Friday, March 7th. Flagstar Financial's dividend payout ratio is -1.08%.

Analyst Ratings Changes

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

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.