Bfsg LLC Invests $269,000 in Flagstar Financial, Inc. $FLG

Bfsg LLC acquired a new position in shares of Flagstar Financial, Inc. (NYSE:FLG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 25,356 shares of the company’s stock, valued at approximately $269,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. bought a new stake in shares of Flagstar Financial during the 2nd quarter worth approximately $33,000. Geneos Wealth Management Inc. bought a new stake in shares of Flagstar Financial during the 1st quarter worth approximately $45,000. Harbor Capital Advisors Inc. bought a new stake in shares of Flagstar Financial during the 2nd quarter worth approximately $43,000. Brooklyn Investment Group bought a new stake in shares of Flagstar Financial during the 1st quarter worth approximately $51,000. Finally, GAMMA Investing LLC bought a new stake in shares of Flagstar Financial during the 2nd quarter worth approximately $61,000. Institutional investors own 67.88% of the company’s stock.

Wall Street Analysts Forecast Growth

FLG has been the topic of a number of research analyst reports. Citigroup increased their price target on Flagstar Financial from $15.50 to $16.50 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Cantor Fitzgerald initiated coverage on Flagstar Financial in a research note on Wednesday, September 10th. They issued an “overweight” rating and a $15.00 price target on the stock. DA Davidson restated a “buy” rating and issued a $14.50 price target on shares of Flagstar Financial in a research note on Thursday, June 26th. Truist Financial increased their price target on Flagstar Financial from $12.00 to $13.50 and gave the company a “hold” rating in a research note on Friday, September 12th. Finally, JPMorgan Chase & Co. dropped their price target on Flagstar Financial from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 1st. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Flagstar Financial currently has an average rating of “Moderate Buy” and an average price target of $13.65.

Flagstar Financial Stock Performance

Shares of NYSE FLG opened at $11.67 on Wednesday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s fifty day moving average price is $12.09 and its two-hundred day moving average price is $11.67. Flagstar Financial, Inc. has a one year low of $8.56 and a one year high of $13.35. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of -7.07 and a beta of 1.20.

Flagstar Financial (NYSE:FLG) last issued its quarterly earnings data on Friday, July 25th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). Flagstar Financial had a negative net margin of 10.83% and a negative return on equity of 6.60%. The firm had revenue of $496.00 million during the quarter, compared to analyst estimates of $524.33 million. The firm’s revenue for the quarter was down 26.1% on a year-over-year basis. On average, equities analysts forecast that Flagstar Financial, Inc. will post -0.31 EPS for the current year.

Flagstar Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Sunday, September 7th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, September 5th. Flagstar Financial’s dividend payout ratio is currently -2.42%.

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.