Caxton Associates LLP Purchases New Stake 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 purchased a new position in shares of Flagstar Financial, Inc. (NYSE:FLG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 134,248 shares of the company's stock, valued at approximately $1,560,000.

Several other hedge funds have also added to or reduced their stakes in FLG. Liberty 77 Capital L.P. bought a new stake in Flagstar Financial in the first quarter worth about $871,500,000. Reverence Capital Partners L.P. bought a new stake in Flagstar Financial in the first quarter worth about $418,101,000. Vanguard Group Inc. bought a new stake in Flagstar Financial in the first quarter worth about $378,161,000. T. Rowe Price Investment Management Inc. bought a new stake in Flagstar Financial in the first quarter worth about $76,911,000. Finally, Azora Capital LP bought a new stake in Flagstar Financial in the first quarter worth about $74,133,000. Institutional investors own 67.88% of the company's stock.

Flagstar Financial Price Performance

FLG stock traded down $0.08 during midday trading on Friday, reaching $12.68. The company had a trading volume of 3,319,539 shares, compared to its average volume of 4,714,783. 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 1 year low of $8.56 and a 1 year high of $13.35. The company has a market capitalization of $5.27 billion, a P/E ratio of -7.68 and a beta of 1.20. The firm has a 50-day moving average price of $11.97 and a 200-day moving average price of $11.66.

Flagstar Financial (NYSE:FLG - Get Free Report) last announced its quarterly earnings data 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). Flagstar Financial had a negative net margin of 10.83% and a negative return on equity of 6.60%. The business had revenue of $496.00 million during the quarter, compared to analysts' expectations of $524.33 million. The firm's revenue for the quarter was down 26.1% on a year-over-year basis. On average, research analysts anticipate that Flagstar Financial, Inc. will post -0.31 earnings per share for the current fiscal year.

Flagstar Financial Dividend Announcement

The company 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 dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, September 5th. Flagstar Financial's dividend payout ratio is currently -2.42%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FLG shares. Citigroup boosted their price target on shares of Flagstar Financial from $15.50 to $16.50 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Stephens reissued an "equal weight" rating and issued a $12.50 price target on shares of Flagstar Financial in a research report on Thursday, June 12th. Cantor Fitzgerald started coverage on shares of Flagstar Financial in a research report on Wednesday. They issued an "overweight" rating and a $15.00 price target on the stock. Wall Street Zen lowered shares of Flagstar Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Jefferies Financial Group started coverage on shares of Flagstar Financial in a research report on Wednesday, May 21st. They issued a "buy" rating and a $15.00 price target on the stock. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $13.65.

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.