254,750 Shares in Flagstar Financial, Inc. $FLG Bought by D.A. Davidson & CO.

D.A. Davidson & CO. purchased a new position in Flagstar Financial, Inc. (NYSE:FLG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 254,750 shares of the company’s stock, valued at approximately $2,700,000. D.A. Davidson & CO. owned about 0.06% of Flagstar Financial as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Securian Asset Management Inc. bought a new stake in Flagstar Financial in the 2nd quarter worth $244,000. International Assets Investment Management LLC bought a new stake in Flagstar Financial in the 2nd quarter worth $143,000. Easterly Investment Partners LLC bought a new stake in Flagstar Financial in the 2nd quarter worth $1,041,000. Praxis Investment Management Inc. bought a new stake in Flagstar Financial in the 2nd quarter worth $232,000. Finally, Hourglass Capital LLC bought a new stake in Flagstar Financial in the 2nd quarter worth $698,000. Institutional investors own 67.88% of the company’s stock.

Flagstar Financial Trading Up 4.9%

NYSE:FLG opened at $12.13 on Friday. Flagstar Financial, Inc. has a one year low of $8.56 and a one year high of $13.35. 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 company’s 50-day simple moving average is $12.12 and its 200 day simple moving average is $11.70. The firm has a market capitalization of $5.04 billion, a P/E ratio of -12.50 and a beta of 1.17.

Flagstar Financial (NYSE:FLG) last posted its quarterly earnings data on Wednesday, January 26th. The company reported $0.27 EPS for the quarter. Flagstar Financial had a negative net margin of 10.83% and a negative return on equity of 6.60%. The business had revenue of $287.00 million for the quarter. As a group, analysts forecast that Flagstar Financial, Inc. will post -0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FLG has been the topic of a number of recent analyst reports. Citigroup raised their price target on shares of Flagstar Financial from $15.50 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, August 26th. JPMorgan Chase & Co. cut their price target on shares of Flagstar Financial from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, July 1st. Cantor Fitzgerald started coverage on shares of Flagstar Financial in a research note on Wednesday, September 10th. They set an “overweight” rating and a $15.00 target price on the stock. Morgan Stanley set a $14.00 target price on shares of Flagstar Financial and gave the company an “underperform” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flagstar Financial in a research note on Saturday. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.71.

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.