Caxton Associates LLP Takes Position in Flagstar Financial, Inc. $FLG

Key Points

• Caxton Associates LLP made a significant investment in Flagstar Financial, purchasing 134,248 shares valued at approximately $1,560,000 during the first quarter.
• Recent analyst ratings show mixed opinions on Flagstar Financial, with target prices ranging from $12.00 to $16.50 and ratings of "buy" and "hold" from different firms.
• Flagstar Financial reported a quarterly earnings loss of ($0.14) per share, missing estimates, and announced a modest quarterly dividend of $0.01 per share.

Caxton Associates LLP bought a new stake in shares of Flagstar Financial, Inc. (NYSE:FLG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 134,248 shares of the company's stock, valued at approximately $1,560,000.

Several other hedge funds have also modified their holdings of FLG. KLP Kapitalforvaltning AS purchased a new stake in shares of Flagstar Financial during the first quarter valued at $712,000. AE Wealth Management LLC purchased a new stake in shares of Flagstar Financial during the first quarter valued at $216,000. Princeton Capital Management LLC purchased a new stake in shares of Flagstar Financial during the first quarter valued at $128,000. Cetera Investment Advisers purchased a new stake in shares of Flagstar Financial during the first quarter valued at $885,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of Flagstar Financial during the first quarter valued at $2,103,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FLG has been the subject of several analyst reports. Wall Street Zen downgraded Flagstar Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Stephens reissued an "equal weight" rating and set a $12.50 price target on shares of Flagstar Financial in a research report on Thursday, June 12th. Jefferies Financial Group assumed coverage on Flagstar Financial in a research report on Wednesday, May 21st. They set a "buy" rating and a $15.00 price objective for the company. Citigroup raised their price objective on Flagstar Financial from $15.50 to $16.50 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Finally, Cantor Fitzgerald assumed coverage on Flagstar Financial in a research report on Wednesday, September 10th. They set an "overweight" rating and a $15.00 price objective for the company. Five investment 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 stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.65.

Flagstar Financial Stock Performance

Shares of FLG stock traded down $0.31 during trading on Monday, reaching $12.36. The company had a trading volume of 1,324,237 shares, compared to its average volume of 6,248,744. The firm's 50 day simple moving average is $11.97 and its two-hundred day simple moving average is $11.65. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.02 and a quick ratio of 1.02. Flagstar Financial, Inc. has a one year low of $8.56 and a one year high of $13.35. The company has a market capitalization of $5.14 billion, a PE ratio of -7.49 and a beta of 1.20.

Flagstar Financial (NYSE:FLG - Get Free Report) last released its earnings results on Friday, July 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.02). The business had revenue of $496.00 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. Sell-side analysts forecast that Flagstar Financial, Inc. will post -0.31 earnings per share for the current year.

Flagstar Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Sunday, September 7th will be issued a $0.01 dividend. The ex-dividend date of this dividend is 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 (DPR) is -2.42%.

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.