EntryPoint Capital LLC Invests $258,000 in Flagstar Financial, Inc. $FLG

Key Points

• EntryPoint Capital LLC has purchased a new stake of 22,215 shares in Flagstar Financial, valued at approximately $258,000, indicating increased institutional interest in the company.
• Analysts have a consensus rating of "Hold" for Flagstar Financial's stock, with a current average price target of $13.22, reflecting mixed views on its performance.
• Flagstar Financial reported a negative earnings per share of ($0.14), falling short of expectations, as revenue declined 26.1% compared to the same quarter last year.

EntryPoint Capital LLC bought a new position in shares of Flagstar Financial, Inc. (NYSE:FLG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 22,215 shares of the company's stock, valued at approximately $258,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group bought a new stake in shares of Flagstar Financial during the first quarter worth $51,000. Bayforest Capital Ltd bought a new stake in shares of Flagstar Financial during the first quarter worth $97,000. HB Wealth Management LLC bought a new stake in shares of Flagstar Financial during the first quarter worth $119,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Flagstar Financial during the first quarter worth $122,000. Finally, Keynote Financial Services LLC acquired a new stake in shares of Flagstar Financial during the first quarter worth $122,000. Institutional investors own 67.88% of the company's stock.

Flagstar Financial Trading Down 0.8%

NYSE:FLG traded down $0.10 on Wednesday, reaching $12.90. The company's stock had a trading volume of 3,037,591 shares, compared to its average volume of 6,424,646. Flagstar Financial, Inc. has a 1-year low of $8.56 and a 1-year high of $13.35. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $5.36 billion, a PE ratio of -7.82 and a beta of 1.11. The business's 50-day moving average price is $11.53 and its two-hundred day moving average price is $11.64.

Flagstar Financial (NYSE:FLG - Get Free Report) last posted 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%. Flagstar Financial's revenue for the quarter was down 26.1% compared to the same quarter last year. Equities research analysts anticipate that Flagstar Financial, Inc. will post -0.31 earnings per share for the current fiscal year.

Flagstar Financial Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FLG. Citigroup lifted their price objective on Flagstar Financial from $15.50 to $16.50 and gave the stock a "buy" rating in a research note on Tuesday. Jefferies Financial Group began coverage on Flagstar Financial in a research note on Wednesday, May 21st. They set a "buy" rating and a $15.00 price objective for the company. Stephens reaffirmed an "equal weight" rating and set a $12.50 price objective on shares of Flagstar Financial in a research note on Thursday, June 12th. Truist Financial decreased their price objective on Flagstar Financial from $13.00 to $12.00 and set a "hold" rating for the company in a research note on Friday, July 11th. Finally, 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 note on Tuesday, July 1st. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $13.33.

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.