Investors Purchase Large Volume of Put Options on Flagstar Financial (NYSE:FLG)

Flagstar Financial, Inc. (NYSE:FLG - Get Free Report) saw some unusual options trading activity on Wednesday. Investors purchased 17,242 put options on the stock. This represents an increase of 84% compared to the typical volume of 9,347 put options.

Flagstar Financial Price Performance

Shares of FLG stock traded down $0.14 during mid-day trading on Monday, hitting $10.30. The company had a trading volume of 5,458,642 shares, compared to its average volume of 6,062,324. The stock has a market capitalization of $4.27 billion, a P/E ratio of -2.79 and a beta of 1.17. The company has a 50 day simple moving average of $11.85. Flagstar Financial has a 52-week low of $7.86 and a 52-week high of $13.35. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.10 and a quick ratio of 1.09.

Flagstar Financial (NYSE:FLG - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported ($0.34) 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%. On average, equities research analysts expect that Flagstar Financial will post -0.31 earnings per share for the current year.

Flagstar Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, March 7th were given a dividend of $0.01 per share. The ex-dividend date was Friday, March 7th. This represents a $0.04 annualized dividend and a yield of 0.39%. Flagstar Financial's dividend payout ratio (DPR) is currently -1.08%.

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Wall Street Analyst Weigh In

Several research firms have weighed in on FLG. Barclays increased their price target 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. UBS Group initiated coverage on Flagstar Financial in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $11.50 price objective on the stock. Compass Point boosted their price objective on Flagstar Financial from $11.50 to $12.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Citigroup raised shares of Flagstar Financial from a "neutral" rating to a "buy" rating and lifted their price target for the company from $13.50 to $15.00 in a report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Flagstar Financial from $11.00 to $12.50 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $13.25.

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.