Flagstar Financial Sees Unusually Large Options Volume (NYSE:FLG)

Flagstar Financial, Inc. (NYSE:FLG) was the recipient of some unusual options trading on Friday. Stock traders bought 18,544 call options on the company. This represents an increase of approximately 74% compared to the typical daily volume of 10,638 call options.

Flagstar Financial Trading Up 2.3 %

NYSE FLG traded up $0.21 during trading hours on Friday, hitting $9.41. 4,162,182 shares of the company’s stock were exchanged, compared to its average volume of 4,763,871. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of -2.16 and a beta of 1.09. The firm has a 50-day moving average of $10.25. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 2.52. Flagstar Financial has a 1-year low of $5.10 and a 1-year high of $31.56.

Flagstar Financial Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently commented on FLG shares. Compass Point lifted their price objective on Flagstar Financial from $11.50 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. UBS Group initiated coverage on shares of Flagstar Financial in a report on Tuesday, December 17th. They set a “neutral” rating and a $11.50 price target for the company. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Flagstar Financial from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th.

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.