221,311 Shares in Flagstar Financial, Inc. (NYSE:FLG) Bought by US Bancorp DE

US Bancorp DE acquired a new position in shares of Flagstar Financial, Inc. (NYSE:FLG - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 221,311 shares of the company's stock, valued at approximately $2,572,000. US Bancorp DE owned about 0.05% of Flagstar Financial at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Shufro Rose & Co. LLC acquired a new position in Flagstar Financial in the 1st quarter valued at $228,000. Natixis Advisors LLC acquired a new position in Flagstar Financial in the 1st quarter valued at $288,000. Wellington Shields & Co. LLC acquired a new position in Flagstar Financial in the 1st quarter valued at $131,000. Bayforest Capital Ltd acquired a new position in Flagstar Financial in the 1st quarter valued at $97,000. Finally, XTX Topco Ltd acquired a new position in Flagstar Financial in the 1st quarter valued at $877,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Flagstar Financial Trading Up 1.7%

Shares of FLG stock traded up $0.19 on Friday, reaching $11.56. 5,740,303 shares of the stock were exchanged, compared to its average volume of 7,143,696. The stock has a market cap of $4.80 billion, a P/E ratio of -7.01 and a beta of 1.11. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.74. The firm has a 50 day moving average of $11.38 and a two-hundred day moving average of $11.54. Flagstar Financial, Inc. has a 1-year low of $8.56 and a 1-year high of $13.35.

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

Flagstar Financial Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Stephens reiterated an "equal weight" rating and issued a $12.50 price target on shares of Flagstar Financial in a report on Thursday, June 12th. JPMorgan Chase & Co. cut their price target on Flagstar Financial from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Tuesday, July 1st. DA Davidson reiterated a "buy" rating and issued a $14.50 price target on shares of Flagstar Financial in a report on Thursday, June 26th. Jefferies Financial Group initiated coverage on Flagstar Financial in a report on Wednesday, May 21st. They set a "buy" rating and a $15.00 price objective for the company. Finally, Truist Financial dropped their price objective on Flagstar Financial from $13.00 to $12.00 and set a "hold" rating for the company in a report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Flagstar Financial presently has a consensus rating of "Hold" and an average price target of $13.22.

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.