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

Flagstar Financial, Inc. (NYSE:FLG) was the target of unusually large options trading activity on Wednesday. Stock investors bought 17,242 put options on the stock. This represents an increase of 84% compared to the average daily volume of 9,347 put options.

Flagstar Financial Stock Down 5.6 %

Shares of Flagstar Financial stock opened at $10.81 on Friday. The firm’s 50-day moving average price is $11.83. Flagstar Financial has a twelve month low of $7.86 and a twelve month high of $13.35. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of -2.93 and a beta of 1.16. 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 (NYSE:FLG) last posted its earnings results on Thursday, January 30th. The company reported ($0.34) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.17. Flagstar Financial had a negative net margin of 17.16% and a negative return on equity of 10.72%. On average, equities analysts expect that Flagstar Financial will post -0.31 EPS for the current fiscal year.

Flagstar Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 dividend yield of 0.37%. Flagstar Financial’s dividend payout ratio (DPR) is -1.08%.

Analyst Upgrades and Downgrades

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