Mutual of America Capital Management LLC Invests $1.81 Million in Flagstar Financial, Inc. (NYSE:FLG)

Mutual of America Capital Management LLC acquired a new stake in shares of Flagstar Financial, Inc. (NYSE:FLG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 155,965 shares of the company's stock, valued at approximately $1,814,000.

A number of other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new position in Flagstar Financial in the first quarter valued at approximately $712,000. AE Wealth Management LLC bought a new position in Flagstar Financial in the first quarter valued at approximately $216,000. Princeton Capital Management LLC bought a new position in Flagstar Financial in the first quarter valued at approximately $128,000. Cetera Investment Advisers bought a new position in Flagstar Financial in the first quarter valued at approximately $885,000. Finally, Neo Ivy Capital Management bought a new position in Flagstar Financial in the first quarter valued at approximately $2,103,000. Institutional investors and hedge funds own 67.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FLG. DA Davidson reaffirmed a "buy" rating and issued a $14.50 price target on shares of Flagstar Financial in a research note on Thursday, June 26th. Jefferies Financial Group began coverage on shares of Flagstar Financial in a research report on Wednesday, May 21st. They issued a "buy" rating and a $15.00 price objective on the stock. Citigroup boosted their price objective on shares of Flagstar Financial from $15.00 to $15.50 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Stephens reissued an "equal weight" rating and issued a $12.50 price objective on shares of Flagstar Financial in a research report on Thursday, June 12th. Finally, Wall Street Zen lowered shares of Flagstar Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Flagstar Financial has a consensus rating of "Hold" and an average target price of $13.22.

Flagstar Financial Stock Down 1.8%

FLG traded down $0.22 during trading on Thursday, reaching $12.22. 3,286,707 shares of the stock were exchanged, compared to its average volume of 6,321,224. The stock has a market cap of $5.07 billion, a P/E ratio of -4.70 and a beta of 1.10. The stock's 50 day moving average price is $11.52 and its two-hundred day moving average price is $11.35. Flagstar Financial, Inc. has a twelve month low of $8.56 and a twelve month high of $13.35. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.06 and a current ratio of 1.06.

Flagstar Financial (NYSE:FLG - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.03. The company had revenue of $490.00 million for the quarter, compared to analyst estimates of $511.00 million. Flagstar Financial had a negative net margin of 14.21% and a negative return on equity of 9.68%. The firm's revenue was down 22.6% compared to the same quarter last year. Equities analysts expect 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 Tuesday, June 17th. Stockholders of record on Saturday, June 7th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend was Friday, June 6th. Flagstar Financial's dividend payout ratio is presently -1.54%.

Flagstar Financial 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.