Bfsg LLC Invests $269,000 in Flagstar Financial, Inc. $FLG

Key Points

• Bfsg LLC has invested approximately $269,000 in Flagstar Financial, acquiring 25,356 shares in the second quarter, as stated in their recent 13F filing with the SEC.
• Flagstar Financial's stock has received mixed ratings from analysts, with five giving it a Buy rating and five rating it as Hold, with a consensus price target of $13.65.
• The company reported a loss of ($0.14) EPS in its latest quarterly earnings, missing estimates, alongside a revenue decline of 26.1% year-over-year.

Bfsg LLC bought a new position in shares of Flagstar Financial, Inc. (NYSE:FLG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 25,356 shares of the company's stock, valued at approximately $269,000.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. acquired a new position in shares of Flagstar Financial during the 2nd quarter worth about $33,000. Geneos Wealth Management Inc. acquired a new position in shares of Flagstar Financial during the 1st quarter worth about $45,000. Harbor Capital Advisors Inc. acquired a new position in shares of Flagstar Financial in the 2nd quarter valued at approximately $43,000. Brooklyn Investment Group acquired a new position in shares of Flagstar Financial in the 1st quarter valued at approximately $51,000. Finally, GAMMA Investing LLC acquired a new position in shares of Flagstar Financial in the 2nd quarter valued at approximately $61,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FLG has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased 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. Citigroup boosted their price objective on Flagstar Financial from $15.50 to $16.50 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Stephens reiterated an "equal weight" rating and issued a $12.50 price objective on shares of Flagstar Financial in a research report on Thursday, June 12th. Truist Financial boosted their price objective on Flagstar Financial from $12.00 to $13.50 and gave the company a "hold" rating in a research report on Friday, September 12th. Finally, DA Davidson reiterated a "buy" rating and issued a $14.50 price objective on shares of Flagstar Financial in a research report on Thursday, June 26th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $13.65.

Flagstar Financial Trading Down 2.0%

NYSE:FLG opened at $11.67 on Wednesday. Flagstar Financial, Inc. has a twelve month low of $8.56 and a twelve month 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. The business has a 50 day moving average price of $12.09 and a two-hundred day moving average price of $11.67. The company has a market cap of $4.85 billion, a P/E ratio of -7.07 and a beta of 1.20.

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 for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.02). Flagstar Financial had a negative return on equity of 6.60% and a negative net margin of 10.83%.The firm had revenue of $496.00 million for the quarter, compared to analyst estimates of $524.33 million. The firm's quarterly revenue was down 26.1% on a year-over-year basis. As a group, analysts expect that Flagstar Financial, Inc. will post -0.31 EPS for the current fiscal year.

Flagstar Financial Dividend Announcement

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

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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