Deutsche Bank AG Purchases New Stake in Flagstar Financial, Inc. $FLG

Deutsche Bank AG acquired a new stake in Flagstar Financial, Inc. (NYSE:FLG - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 373,000 shares of the company's stock, valued at approximately $4,334,000. Deutsche Bank AG owned 0.09% of Flagstar Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Bayforest Capital Ltd acquired a new position in shares of Flagstar Financial in the first quarter valued at about $97,000. HB Wealth Management LLC purchased a new stake in shares of Flagstar Financial in the first quarter worth about $119,000. Princeton Capital Management LLC purchased a new stake in shares of Flagstar Financial in the first quarter worth about $128,000. Wellington Shields & Co. LLC purchased a new stake in shares of Flagstar Financial in the first quarter worth about $131,000. Finally, R Squared Ltd purchased a new stake in shares of Flagstar Financial in the first quarter worth about $131,000. 67.88% of the stock is owned by institutional investors and hedge funds.

Flagstar Financial Price Performance

Shares of NYSE FLG traded up $0.50 during midday trading on Friday, hitting $12.30. The stock had a trading volume of 1,565,293 shares, compared to its average volume of 6,384,288. The company has a market capitalization of $5.11 billion, a PE ratio of -7.45 and a beta of 1.11. The stock has a 50 day simple moving average of $11.43 and a 200-day simple moving average of $11.63. Flagstar Financial, Inc. has a 1 year low of $8.56 and a 1 year 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 released its 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 net margin of 10.83% and a negative return on equity of 6.60%. The business's revenue was down 26.1% compared to the same quarter last year. On average, sell-side analysts expect that Flagstar Financial, Inc. will post -0.31 EPS for the current fiscal year.

Flagstar Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FLG shares. Jefferies Financial Group assumed coverage on Flagstar Financial in a research note on Wednesday, May 21st. They issued a "buy" rating and a $15.00 target price on the stock. Stephens reiterated an "equal weight" rating and set a $12.50 price target on shares of Flagstar Financial in a research report on Thursday, June 12th. Truist Financial lowered 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. DA Davidson reiterated a "buy" rating and set a $14.50 price target on shares of Flagstar Financial in a research report on Thursday, June 26th. Finally, Citigroup increased their price target on Flagstar Financial from $15.00 to $15.50 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $13.22.

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.