93,237 Shares in Flagstar Financial, Inc. (NYSE:FLG) Purchased by De Lisle Partners LLP

Key Points

• De Lisle Partners LLP has acquired a new stake in Flagstar Financial (NYSE:FLG) worth approximately $1,084,000, acquiring 93,237 shares during the first quarter.
• The company recently reported a loss of ($0.14) earnings per share for the quarter, missing expectations, with a revenue of $496 million, down 26.1% from the previous year.
• Flagstar Financial announced a quarterly dividend of $0.01 per share, with a total annualized yield of 0.35%, set to be paid to shareholders on September 17th.

De Lisle Partners LLP purchased a new position in shares of Flagstar Financial, Inc. (NYSE:FLG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 93,237 shares of the company's stock, valued at approximately $1,084,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Flagstar Financial during the 1st quarter valued at about $712,000. AE Wealth Management LLC acquired a new stake in shares of Flagstar Financial during the 1st quarter valued at about $216,000. Princeton Capital Management LLC acquired a new stake in shares of Flagstar Financial during the 1st quarter valued at about $128,000. Cetera Investment Advisers acquired a new stake in shares of Flagstar Financial during the 1st quarter valued at about $885,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of Flagstar Financial during the 1st quarter valued at about $2,103,000. 67.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FLG has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price target on shares of Flagstar Financial from $13.00 to $12.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 1st. Jefferies Financial Group initiated coverage on shares of Flagstar Financial in a research note on Wednesday, May 21st. They issued a "buy" rating and a $15.00 target price on the stock. DA Davidson reissued a "buy" rating and issued a $14.50 target price on shares of Flagstar Financial in a research note on Thursday, June 26th. Citigroup raised their target price on shares of Flagstar Financial from $15.00 to $15.50 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Finally, Wall Street Zen downgraded shares of Flagstar Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $13.22.

Flagstar Financial Trading Down 0.9%

Flagstar Financial stock traded down $0.10 during trading on Friday, hitting $11.19. The company had a trading volume of 7,634,598 shares, compared to its average volume of 6,470,015. The company's 50 day simple moving average is $11.43 and its 200-day simple moving average is $11.45. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of -6.78 and a beta of 1.10. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.74. Flagstar Financial, Inc. has a 1-year low of $8.56 and a 1-year high of $13.35.

Flagstar Financial (NYSE:FLG - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate 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 return on equity of 6.60% and a negative net margin of 10.83%. The business's revenue for the quarter was down 26.1% compared to the same quarter last year. As a group, analysts expect that Flagstar Financial, Inc. will post -0.31 EPS for the current fiscal year.

Flagstar Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Sunday, September 7th will be given 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 0.4%. Flagstar Financial's 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.