Inspire Investing LLC Purchases Shares of 36,318 Flagstar Financial, Inc. $FLG

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 purchased a new stake in shares of Flagstar Financial, Inc. (NYSE:FLG - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 36,318 shares of the company's stock, valued at approximately $422,000.

Other large investors have also added to or reduced their stakes in the company. Liberty 77 Capital L.P. bought a new position in Flagstar Financial during the 1st quarter worth approximately $871,500,000. Reverence Capital Partners L.P. bought a new position in Flagstar Financial during the 1st quarter worth approximately $418,101,000. Vanguard Group Inc. bought a new position in Flagstar Financial during the 1st quarter worth approximately $378,161,000. T. Rowe Price Investment Management Inc. bought a new position in Flagstar Financial during the 1st quarter worth approximately $76,911,000. Finally, Azora Capital LP bought a new position in Flagstar Financial during the 1st quarter worth approximately $74,133,000. Institutional investors own 67.88% of the company's stock.

Flagstar Financial Stock Performance

Shares of FLG stock traded up $0.24 during trading on Thursday, reaching $12.32. 1,029,376 shares of the company's stock traded hands, compared to its average volume of 6,231,004. The company has a market capitalization of $5.12 billion, a P/E ratio of -7.47 and a beta of 1.20. 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 firm's 50-day moving average is $12.03 and its 200 day moving average is $11.66. 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 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 for the quarter, compared to the consensus estimate of $524.33 million. The company's revenue was down 26.1% compared to the same quarter last year. Equities research analysts expect that Flagstar Financial, Inc. will post -0.31 EPS for the current year.

Flagstar Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Sunday, September 7th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, September 5th. Flagstar Financial's dividend payout ratio is -2.42%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FLG shares. Jefferies Financial Group started coverage on shares of Flagstar Financial in a report on Wednesday, May 21st. They set a "buy" rating and a $15.00 price target for the company. DA Davidson reiterated a "buy" rating and issued a $14.50 price objective on shares of Flagstar Financial in a research note on Thursday, June 26th. Wall Street Zen lowered shares of Flagstar Financial from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Cantor Fitzgerald began coverage on shares of Flagstar Financial in a research note on Wednesday, September 10th. They issued an "overweight" rating and a $15.00 price objective for the company. Finally, Stephens reiterated an "equal weight" rating and issued a $12.50 price objective on shares of Flagstar Financial in a research note on Thursday, June 12th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $13.65.

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.