Natixis Advisors LLC Invests $288,000 in Flagstar Financial, Inc. (NYSE:FLG)

Key Points

• Natixis Advisors LLC acquired 24,772 shares of Flagstar Financial, valued at approximately $288,000, during the first quarter.
• Flagstar Financial's stock has an average rating of "Hold" with a current target price around $13.22, according to various analysts.
• The company recently reported a quarterly loss of ($0.14) EPS, missing estimates, with a revenue of $496 million for the quarter.

Natixis Advisors LLC purchased a new stake in shares of Flagstar Financial, Inc. (NYSE:FLG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 24,772 shares of the company's stock, valued at approximately $288,000.

A number of other large investors have also recently added to or reduced their stakes in FLG. Bayforest Capital Ltd purchased a new stake in shares of Flagstar Financial in the 1st quarter valued at $97,000. HB Wealth Management LLC acquired a new position in Flagstar Financial in the 1st quarter valued at about $119,000. Princeton Capital Management LLC purchased a new stake in Flagstar Financial during the first quarter worth about $128,000. Wellington Shields & Co. LLC acquired a new stake in shares of Flagstar Financial during the first quarter worth about $131,000. Finally, Mackenzie Financial Corp purchased a new position in shares of Flagstar Financial in the first quarter valued at approximately $182,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Flagstar Financial Stock Down 0.2%

FLG traded down $0.02 on Friday, reaching $11.96. The company's stock had a trading volume of 4,634,537 shares, compared to its average volume of 7,170,385. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.74. Flagstar Financial, Inc. has a fifty-two week low of $8.56 and a fifty-two week high of $13.35. The stock has a 50 day moving average of $11.41 and a two-hundred day moving average of $11.62. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of -7.25 and a beta of 1.11.

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 the consensus estimate of ($0.12) by ($0.02). Flagstar Financial had a negative net margin of 10.83% and a negative return on equity of 6.60%. The company had revenue of $496.00 million during the quarter, compared to analyst estimates of $524.33 million. The business's revenue for the quarter was down 26.1% on a year-over-year basis. As a group, analysts forecast that Flagstar Financial, Inc. will post -0.31 EPS for the current fiscal year.

Flagstar Financial Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently weighed in on FLG. DA Davidson reaffirmed a "buy" rating and set a $14.50 target price on shares of Flagstar Financial in a research note on Thursday, June 26th. JPMorgan Chase & Co. reduced their price objective on Flagstar Financial from $13.00 to $12.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 1st. Jefferies Financial Group assumed coverage on Flagstar Financial in a research note on Wednesday, May 21st. They set a "buy" rating and a $15.00 target price for the company. Truist Financial reduced their price target on Flagstar Financial from $13.00 to $12.00 and set a "hold" rating on the stock in a research report on Friday, July 11th. Finally, Wall Street Zen cut Flagstar Financial from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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.