155,965 Shares in Flagstar Financial, Inc. (NYSE:FLG) Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC bought a new position 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 and Exchange Commission (SEC). The fund bought 155,965 shares of the company's stock, valued at approximately $1,814,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FLG. Vanguard Group Inc. acquired a new position in Flagstar Financial during the first quarter worth about $378,161,000. Charles Schwab Investment Management Inc. purchased a new stake in Flagstar Financial in the first quarter valued at approximately $43,009,000. Private Management Group Inc. purchased a new stake in Flagstar Financial in the first quarter valued at approximately $35,669,000. Federated Hermes Inc. purchased a new stake in Flagstar Financial in the first quarter valued at approximately $11,449,000. Finally, Deutsche Bank AG purchased a new stake in Flagstar Financial in the first quarter valued at approximately $4,334,000. Institutional investors and hedge funds own 67.88% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FLG shares. Stephens restated an "equal weight" rating and issued a $12.50 target price on shares of Flagstar Financial in a report on Thursday, June 12th. Wall Street Zen downgraded shares of Flagstar Financial from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. DA Davidson restated a "buy" rating and issued a $14.50 target price on shares of Flagstar Financial in a research note on Thursday, June 26th. JPMorgan Chase & Co. decreased their target price on shares of Flagstar Financial from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, July 1st. Finally, Jefferies Financial Group started coverage on shares of Flagstar Financial in a research note on Wednesday, May 21st. They issued a "buy" rating and a $15.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $13.22.

Flagstar Financial Price Performance

Flagstar Financial stock traded up $0.28 during trading hours on Monday, hitting $12.04. 439,533 shares of the company traded hands, compared to its average volume of 6,297,721. Flagstar Financial, Inc. has a 1-year low of $8.56 and a 1-year high of $13.35. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.85. The firm's 50-day simple moving average is $11.53 and its two-hundred day simple moving average is $11.32. The firm has a market cap of $5.00 billion, a P/E ratio of -4.63 and a beta of 1.10.

Flagstar Financial (NYSE:FLG - Get Free Report) last announced its earnings results on Friday, April 25th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.03. Flagstar Financial had a negative net margin of 14.21% and a negative return on equity of 9.68%. The company had revenue of $490.00 million during the quarter, compared to analysts' expectations of $511.00 million. The firm's revenue was down 22.6% on a year-over-year basis. As a group, analysts forecast that Flagstar Financial, Inc. will post -0.31 earnings per share for the current fiscal year.

Flagstar Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Saturday, June 7th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Friday, June 6th. Flagstar Financial's payout ratio is presently -1.54%.

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.

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