36,344 Shares in Flagstar Financial, Inc. $FLG Purchased by PFG Investments LLC

PFG Investments LLC acquired a new position in shares of Flagstar Financial, Inc. (NYSE:FLG - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 36,344 shares of the company's stock, valued at approximately $385,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FLG. Trivium Point Advisory LLC boosted its position in shares of Flagstar Financial by 81.9% during the 2nd quarter. Trivium Point Advisory LLC now owns 207,985 shares of the company's stock worth $2,205,000 after acquiring an additional 93,653 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Flagstar Financial during the second quarter worth $549,000. Signaturefd LLC acquired a new stake in shares of Flagstar Financial in the 2nd quarter valued at $538,000. State of Alaska Department of Revenue bought a new position in shares of Flagstar Financial in the 2nd quarter valued at $360,000. Finally, Southern Capital Advisors LLC bought a new position in shares of Flagstar Financial in the 2nd quarter valued at $198,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Flagstar Financial Trading Up 3.0%

FLG opened at $12.02 on Friday. Flagstar Financial, Inc. has a fifty-two week low of $8.56 and a fifty-two week high of $13.35. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of -7.28 and a beta of 1.17. The company's 50 day moving average price is $12.07 and its two-hundred day moving average price is $11.67.

Flagstar Financial (NYSE:FLG - Get Free Report) last released its quarterly 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). The business had revenue of $496.00 million for the quarter, compared to the consensus estimate of $524.33 million. Flagstar Financial had a negative net margin of 10.83% and a negative return on equity of 6.60%. The firm's quarterly revenue was down 26.1% compared to the same quarter last year. As a group, research analysts predict that Flagstar Financial, Inc. will post -0.31 earnings per share for the current year.

Flagstar Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Sunday, September 7th were given 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 was Friday, September 5th. Flagstar Financial's payout ratio is -2.42%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FLG shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Flagstar Financial in a research note on Saturday, September 27th. Truist Financial raised their price target on shares of Flagstar Financial from $12.00 to $13.50 and gave the company a "hold" rating in a research note on Friday, September 12th. DA Davidson reaffirmed a "buy" rating and set a $14.50 price target on shares of Flagstar Financial in a report on Thursday, June 26th. Morgan Stanley set a $14.00 price objective on shares of Flagstar Financial and gave the stock an "underperform" rating in a research report on Monday, September 29th. Finally, Stephens restated an "equal weight" rating and issued a $12.50 target price on shares of Flagstar Financial in a research report on Thursday, June 12th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Flagstar Financial currently has an average rating of "Hold" and a consensus target price of $13.71.

Flagstar Financial 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.

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