Securian Asset Management Inc. Makes New $244,000 Investment in Flagstar Financial, Inc. $FLG

Securian Asset Management Inc. acquired a new position in shares of Flagstar Financial, Inc. (NYSE:FLG) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 23,015 shares of the company’s stock, valued at approximately $244,000.

Several other hedge funds have also recently made changes to their positions in FLG. Liberty 77 Capital L.P. purchased a new position in Flagstar Financial during the first quarter worth about $871,500,000. Reverence Capital Partners L.P. bought a new position in Flagstar Financial during the 1st quarter valued at approximately $418,101,000. Vanguard Group Inc. bought a new position in shares of Flagstar Financial in the 1st quarter worth approximately $378,161,000. T. Rowe Price Investment Management Inc. bought a new position in shares of Flagstar Financial in the 1st quarter worth approximately $76,911,000. Finally, Azora Capital LP bought a new position in shares of Flagstar Financial in the 1st quarter worth approximately $74,133,000. 67.88% of the stock is currently owned by institutional investors.

Flagstar Financial Stock Up 4.9%

Flagstar Financial stock opened at $12.13 on Friday. The company’s 50-day moving average price is $12.12 and its two-hundred day moving average price is $11.70. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.74. Flagstar Financial, Inc. has a 52 week low of $8.56 and a 52 week high of $13.35. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of -12.50 and a beta of 1.17.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of Flagstar Financial in a research report on Wednesday, September 10th. They issued an “overweight” rating and a $15.00 price objective for the company. Morgan Stanley set a $14.00 price objective on shares of Flagstar Financial and gave the stock an “underperform” rating in a research report on Monday, September 29th. Truist Financial raised their price target on shares of Flagstar Financial from $12.00 to $13.50 and gave the company a “hold” rating in a research report on Friday, September 12th. JPMorgan Chase & Co. decreased their price objective on shares of Flagstar Financial from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, July 1st. Finally, TD Cowen initiated coverage on shares of Flagstar Financial in a research report on Thursday, September 25th. They issued a “hold” rating and a $14.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $13.71.

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.