Investors Buy High Volume of Flagstar Financial Call Options (NYSE:FLG)

Flagstar Financial, Inc. (NYSE:FLG) was the recipient of unusually large options trading on Friday. Stock traders acquired 18,544 call options on the stock. This represents an increase of 74% compared to the typical volume of 10,638 call options.

Flagstar Financial Trading Up 2.3 %

FLG traded up $0.21 on Friday, reaching $9.41. The stock had a trading volume of 4,162,182 shares, compared to its average volume of 4,763,871. The firm’s 50-day moving average price is $10.25. Flagstar Financial has a fifty-two week low of $5.10 and a fifty-two week high of $31.56. The stock has a market cap of $3.91 billion, a P/E ratio of -2.16 and a beta of 1.09. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.14 and a quick ratio of 1.12.

Flagstar Financial Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 9th were issued a $0.01 dividend. The ex-dividend date was Friday, December 6th. This represents a yield of 0.33%. Flagstar Financial’s dividend payout ratio (DPR) is presently -0.92%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FLG. JPMorgan Chase & Co. decreased their price target on Flagstar Financial from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. 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 report on Tuesday, December 10th. Finally, UBS Group started coverage on shares of Flagstar Financial in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $11.50 price target on the stock.

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.