22,215 Shares in Flagstar Financial, Inc. $FLG Bought by EntryPoint Capital LLC

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 purchased a new position in Flagstar Financial, Inc. (NYSE:FLG - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 22,215 shares of the company's stock, valued at approximately $258,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FLG. KLP Kapitalforvaltning AS purchased a new stake in Flagstar Financial in the first quarter worth $712,000. AE Wealth Management LLC purchased a new stake in Flagstar Financial in the first quarter worth $216,000. Princeton Capital Management LLC purchased a new stake in Flagstar Financial in the first quarter worth $128,000. Cetera Investment Advisers bought a new position in Flagstar Financial in the first quarter worth $885,000. Finally, Neo Ivy Capital Management bought a new position in Flagstar Financial in the first quarter worth $2,103,000. Hedge funds and other institutional investors own 67.88% of the company's stock.

Flagstar Financial Stock Performance

Shares of FLG stock traded down $0.02 during trading hours on Thursday, reaching $12.84. 1,070,256 shares of the company traded hands, compared to its average volume of 6,405,476. Flagstar Financial, Inc. has a 12-month low of $8.56 and a 12-month high of $13.35. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $5.34 billion, a P/E ratio of -7.78 and a beta of 1.11. The firm has a 50-day moving average price of $11.56 and a 200 day moving average price of $11.65.

Flagstar Financial (NYSE:FLG - Get Free Report) last issued its earnings results 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 business had revenue of $496.00 million for the quarter, compared to the consensus estimate 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 was down 26.1% on a year-over-year basis. As a group, sell-side analysts predict that Flagstar Financial, Inc. will post -0.31 earnings per share for the current fiscal year.

Flagstar Financial Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Flagstar Financial in a report on Wednesday, May 21st. They issued a "buy" rating and a $15.00 price objective for the company. Citigroup increased their price objective on Flagstar Financial from $15.50 to $16.50 and gave the stock a "buy" rating in a report on Tuesday. Stephens reiterated an "equal weight" rating and issued a $12.50 price objective on shares of Flagstar Financial in a report on Thursday, June 12th. Wall Street Zen downgraded Flagstar Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, 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 report on Friday, July 11th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $13.33.

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.