98,152 Shares in Flagstar Financial, Inc. $FLG Acquired by Interval Partners LP

Key Points

• Interval Partners LP has acquired 98,152 shares of Flagstar Financial, valued at approximately $1.14 million, indicating growing interest in the company's stock by institutional investors, which now own 67.88% of the shares.
• Analysts have mixed views on Flagstar Financial, with Citigroup raising its target price to $16.50 while Truist Financial lowered it to $12.00, reflecting a range of sentiment and predictions for the stock's performance.
• Flagstar Financial reported a loss in its recent quarterly earnings, with a net loss of $0.14 EPS and a significant revenue decline of 26.1% year-over-year, which raises concerns about its financial health.

Interval Partners LP acquired a new stake in Flagstar Financial, Inc. (NYSE:FLG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 98,152 shares of the company's stock, valued at approximately $1,141,000.

Several other institutional investors also recently made changes to their positions in FLG. Curi RMB Capital LLC acquired a new stake in Flagstar Financial during the 1st quarter valued at $2,322,000. AQR Capital Management LLC acquired a new stake in Flagstar Financial during the first quarter worth about $2,039,000. Alyeska Investment Group L.P. acquired a new stake in Flagstar Financial during the first quarter worth about $49,509,000. Graham Capital Management L.P. acquired a new stake in shares of Flagstar Financial during the first quarter worth approximately $9,092,000. Finally, Azora Capital LP acquired a new stake in shares of Flagstar Financial in the first quarter valued at approximately $74,133,000. 67.88% of the stock is owned by institutional investors.

Flagstar Financial Stock Up 1.1%

FLG stock traded up $0.14 during trading on Thursday, hitting $12.76. 1,650,703 shares of the stock traded hands, compared to its average volume of 6,278,910. The firm's 50 day moving average is $11.91 and its two-hundred day moving average is $11.65. Flagstar Financial, Inc. has a 1 year low of $8.56 and a 1 year 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 stock has a market cap of $5.30 billion, a price-to-earnings ratio of -7.73 and a beta of 1.20.

Flagstar Financial (NYSE:FLG - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $524.33 million. The company's quarterly revenue was down 26.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Flagstar Financial, Inc. will post -0.31 EPS for the current year.

Flagstar Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. DA Davidson reissued a "buy" rating and set a $14.50 price target on shares of Flagstar Financial in a research report on Thursday, June 26th. Cantor Fitzgerald began coverage on shares of Flagstar Financial in a report on Wednesday. They set an "overweight" rating and a $15.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on shares of Flagstar Financial from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday, July 1st. Truist Financial decreased their price target on shares of Flagstar Financial from $13.00 to $12.00 and set a "hold" rating for the company in a research report on Friday, July 11th. Finally, Citigroup increased their target price on shares of Flagstar Financial from $15.50 to $16.50 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Flagstar Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.50.

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.