36,318 Shares in Flagstar Financial, Inc. $FLG Acquired by Inspire Investing LLC

Key Points

• Inspire Investing LLC acquired 36,318 shares of Flagstar Financial, Inc., valued at approximately $422,000, as part of their first-quarter investments reported in a recent SEC filing.
• Analyst ratings for Flagstar Financial reflect a consensus of Moderate Buy, with price targets ranging from $12.00 to $16.50 and various upgrades and downgrades by multiple brokerages.
• Flagstar Financial reported a revenue decline of 26.1% year-over-year in its most recent earnings, alongside a negative EPS of ($0.14), missing estimates and indicating financial challenges.

Inspire Investing LLC bought a new position in Flagstar Financial, Inc. (NYSE:FLG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 36,318 shares of the company's stock, valued at approximately $422,000.

Other hedge funds also recently bought and sold shares of the company. Liberty 77 Capital L.P. bought a new stake in Flagstar Financial in the first quarter valued at approximately $871,500,000. Reverence Capital Partners L.P. bought a new stake in Flagstar Financial in the first quarter valued at approximately $418,101,000. Vanguard Group Inc. bought a new stake in Flagstar Financial in the first quarter valued at approximately $378,161,000. T. Rowe Price Investment Management Inc. bought a new stake in Flagstar Financial in the first quarter valued at approximately $76,911,000. Finally, Azora Capital LP bought a new stake in Flagstar Financial in the first quarter valued at approximately $74,133,000. Institutional investors own 67.88% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on FLG. Truist Financial boosted their price objective on Flagstar Financial from $12.00 to $13.50 and gave the company a "hold" rating in a research report on Friday. DA Davidson reiterated a "buy" rating and issued a $14.50 price objective on shares of Flagstar Financial in a research report on Thursday, June 26th. Wall Street Zen downgraded Flagstar Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Stephens restated an "equal weight" rating and set a $12.50 target price on shares of Flagstar Financial in a report on Thursday, June 12th. Finally, Citigroup upped their target price on Flagstar Financial from $15.50 to $16.50 and gave the company a "buy" rating in a report on Tuesday, August 26th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Flagstar Financial currently has a consensus rating of "Moderate Buy" and an average target price of $13.65.

Flagstar Financial Price Performance

Shares of FLG stock opened at $12.68 on Friday. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of -7.68 and a beta of 1.20. The business's fifty day moving average is $11.97 and its 200 day moving average is $11.65. Flagstar Financial, Inc. has a twelve month low of $8.56 and a twelve month high of $13.35. 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 (NYSE:FLG - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The firm had revenue of $496.00 million during the quarter, compared to analysts' expectations 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 for the quarter was down 26.1% compared to the same quarter last year. Research analysts expect that Flagstar Financial, Inc. will post -0.31 EPS for the current fiscal year.

Flagstar Financial Dividend Announcement

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

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.

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