199,802 Shares in Flagstar Financial, Inc. $FLG Acquired by Curi RMB Capital LLC

Key Points

• Curi RMB Capital LLC has acquired 199,802 shares of Flagstar Financial, Inc. for approximately $2.32 million, indicating strong interest from institutional investors.
• Equities analysts provided mixed ratings, with Citigroup raising their price target to $16.50 while the consensus rating remains a "Hold" with a price target of $13.33.
• Flagstar Financial reported a loss of ($0.14) EPS in its latest quarter, missing analyst expectations, and has declared a quarterly dividend of $0.01 per share.

Curi RMB Capital LLC bought a new position in shares of Flagstar Financial, Inc. (NYSE:FLG - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 199,802 shares of the company's stock, valued at approximately $2,322,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Liberty 77 Capital L.P. acquired a new position in Flagstar Financial during the first quarter worth $871,500,000. Reverence Capital Partners L.P. acquired a new stake in shares of Flagstar Financial in the first quarter valued at about $418,101,000. Vanguard Group Inc. acquired a new stake in shares of Flagstar Financial in the first quarter valued at about $378,161,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Flagstar Financial during the first quarter worth about $76,911,000. Finally, Azora Capital LP acquired a new position in shares of Flagstar Financial during the 1st quarter worth about $74,133,000. Hedge funds and other institutional investors own 67.88% of the company's stock.

Flagstar Financial Trading Up 1.1%

NYSE FLG traded up $0.14 on Thursday, reaching $12.76. 4,534,421 shares of the company were exchanged, compared to its average volume of 4,698,348. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.74. The business's fifty day moving average price is $11.94 and its 200 day moving average price is $11.65. The stock has a market capitalization of $5.30 billion, a P/E ratio of -7.73 and a beta of 1.20. Flagstar Financial, Inc. has a fifty-two week low of $8.56 and a fifty-two week high of $13.35.

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

Flagstar Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Sunday, September 7th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. Flagstar Financial's payout ratio is -2.42%.

Analyst Ratings Changes

Several research firms recently issued reports on FLG. Citigroup lifted their price objective on Flagstar Financial from $15.50 to $16.50 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Cantor Fitzgerald started coverage on Flagstar Financial in a research report on Wednesday. They issued an "overweight" rating and a $15.00 target price on the stock. Stephens reiterated an "equal weight" rating and set a $12.50 price target on shares of Flagstar Financial in a research report on Thursday, June 12th. Jefferies Financial Group started coverage on Flagstar Financial in a research note on Wednesday, May 21st. They issued a "buy" rating and a $15.00 price objective for the company. Finally, DA Davidson restated a "buy" rating and issued a $14.50 price objective on shares of Flagstar Financial in a report on Thursday, June 26th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Flagstar Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.50.

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.