Entropy Technologies LP Invests $967,000 in Flagstar Financial, Inc. (NYSE:FLG)

Key Points

• Entropy Technologies LP has made a new investment of approximately $967,000 in Flagstar Financial, Inc., acquiring 83,255 shares during the first quarter.
• Flagstar Financial reported a net loss of ($0.14) earnings per share, missing the consensus estimate and showing a 26.1% decline in quarterly revenue year-over-year.
• The company has declared a quarterly dividend of $0.01, with a low annualized dividend yield of 0.3%, and the dividend payout ratio currently stands at -2.42%.

Entropy Technologies LP purchased a new stake in shares of Flagstar Financial, Inc. (NYSE:FLG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 83,255 shares of the company's stock, valued at approximately $967,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bayforest Capital Ltd purchased a new stake in Flagstar Financial during the first quarter valued at about $97,000. HB Wealth Management LLC purchased a new stake in Flagstar Financial during the first quarter valued at about $119,000. Keynote Financial Services LLC purchased a new stake in shares of Flagstar Financial in the first quarter worth about $122,000. Atlas Capital Advisors Inc. purchased a new stake in shares of Flagstar Financial in the first quarter worth about $122,000. Finally, Princeton Capital Management LLC purchased a new stake in shares of Flagstar Financial in the first quarter worth about $128,000. Hedge funds and other institutional investors own 67.88% of the company's stock.

Flagstar Financial Stock Down 0.2%

FLG traded down $0.02 on Friday, reaching $11.96. The company's stock had a trading volume of 4,634,537 shares, compared to its average volume of 7,170,385. The business's 50 day moving average is $11.41 and its 200 day moving average is $11.61. Flagstar Financial, Inc. has a 1 year low of $8.56 and a 1 year high of $13.35. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of -7.25 and a beta of 1.11. 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 (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 the consensus estimate of ($0.12) by ($0.02). The firm had revenue of $496.00 million for 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 business's quarterly revenue was down 26.1% compared to the same quarter last year. As a group, research analysts forecast that Flagstar Financial, Inc. will post -0.31 EPS for the current fiscal year.

Flagstar Financial Announces Dividend

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 given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, September 5th. Flagstar Financial's dividend payout ratio (DPR) is currently -2.42%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FLG. Jefferies Financial Group began coverage on Flagstar Financial in a research report on Wednesday, May 21st. They issued a "buy" rating and a $15.00 target price for the company. Stephens reaffirmed an "equal weight" rating and issued a $12.50 target price on shares of Flagstar Financial in a research report on Thursday, June 12th. JPMorgan Chase & Co. decreased their target price 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. DA Davidson reaffirmed a "buy" rating and issued a $14.50 target price on shares of Flagstar Financial in a research report on Thursday, June 26th. Finally, Citigroup upped their target price on Flagstar Financial from $15.00 to $15.50 and gave the stock a "buy" rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $13.22.

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.