23,332 Shares in Flagstar Financial, Inc. $FLG Bought by Arnhold LLC

Key Points

• Arnhold LLC has acquired a new position in Flagstar Financial, purchasing 23,332 shares valued at approximately $271,000 in the first quarter.
• Flagstar Financial reported a loss of ($0.14) earnings per share for the last quarter, missing analysts' expectations and showing a 26.1% decline in revenue year-over-year.
• The company announced a $0.01 quarterly dividend with a yield of 0.3%, and has a payout ratio of -2.42%.

Arnhold LLC bought a new stake in Flagstar Financial, Inc. (NYSE:FLG - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 23,332 shares of the company's stock, valued at approximately $271,000.

A number of other hedge funds also recently added to or reduced their stakes in FLG. Brooklyn Investment Group purchased a new position in Flagstar Financial in the first quarter valued at about $51,000. Bayforest Capital Ltd purchased a new position in Flagstar Financial in the first quarter valued at about $97,000. HB Wealth Management LLC purchased a new position in Flagstar Financial in the first quarter valued at about $119,000. Keynote Financial Services LLC purchased a new position in Flagstar Financial in the first quarter valued at about $122,000. Finally, Atlas Capital Advisors Inc. purchased a new position in Flagstar Financial in the first quarter valued at about $122,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

Flagstar Financial Trading Down 0.2%

Flagstar Financial stock traded down $0.02 during midday trading on Wednesday, reaching $12.98. The stock had a trading volume of 1,847,231 shares, compared to its average volume of 6,417,481. Flagstar Financial, Inc. has a twelve month low of $8.56 and a twelve month high of $13.35. The stock has a market capitalization of $5.39 billion, a PE ratio of -7.87 and a beta of 1.11. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.02 and a current ratio of 1.02. The stock's 50-day simple moving average is $11.53 and its 200 day simple moving average is $11.64.

Flagstar Financial (NYSE:FLG - Get Free Report) last issued its earnings results on Friday, July 25th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $496.00 million during the quarter, compared to analyst estimates of $524.33 million. The company's quarterly revenue was down 26.1% compared to the same quarter last year. Analysts expect that Flagstar Financial, Inc. will post -0.31 EPS for the current year.

Flagstar Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Sunday, September 7th will be issued a dividend of $0.01 per share. The ex-dividend date is Friday, September 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. Flagstar Financial's payout ratio is presently -2.42%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FLG. Wall Street Zen cut shares of Flagstar Financial from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. DA Davidson reissued a "buy" rating and set a $14.50 price objective on shares of Flagstar Financial in a research note on Thursday, June 26th. Citigroup boosted their price target on Flagstar Financial from $15.50 to $16.50 and gave the company a "buy" rating in a report on Tuesday. Stephens reissued an "equal weight" rating and set a $12.50 price target on shares of Flagstar Financial in a research note on Thursday, June 12th. Finally, JPMorgan Chase & Co. lowered their price objective on Flagstar Financial from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday, July 1st. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Flagstar Financial presently has an average rating of "Hold" and an average price target of $13.33.

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.