220,484 Shares in Flagstar Financial, Inc. $FLG Acquired by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC has acquired a new stake in Flagstar Financial, purchasing 220,484 shares valued at approximately $2.56 million, representing about 0.05% of the company's stock.
• Analysts have mixed ratings on Flagstar Financial with a consensus rating of "Moderate Buy" and an average price target of $13.65, while JPMorgan Chase downgraded the stock's target price from $13.00 to $12.00.
• The company recently declared a quarterly dividend of $0.01 per share, which will yield an annualized 0.3%, despite a negative net margin of 10.83% and a reported loss of ($0.14) earnings per share last quarter.

Intech Investment Management LLC bought a new position in Flagstar Financial, Inc. (NYSE:FLG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 220,484 shares of the company's stock, valued at approximately $2,562,000. Intech Investment Management LLC owned approximately 0.05% of Flagstar Financial as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Liberty 77 Capital L.P. bought a new position in shares of Flagstar Financial in the first quarter valued at approximately $871,500,000. Reverence Capital Partners L.P. bought a new position in shares of Flagstar Financial in the first quarter valued at approximately $418,101,000. Vanguard Group Inc. bought a new position in Flagstar Financial during the first quarter worth $378,161,000. T. Rowe Price Investment Management Inc. bought a new position in Flagstar Financial during the first quarter worth $76,911,000. Finally, Azora Capital LP bought a new position in Flagstar Financial during the first quarter worth $74,133,000. Institutional investors own 67.88% of the company's stock.

Flagstar Financial Trading Down 2.6%

Shares of NYSE:FLG traded down $0.32 during mid-day trading on Friday, reaching $12.09. The stock had a trading volume of 3,280,194 shares, compared to its average volume of 6,229,663. The firm has a market cap of $5.02 billion, a PE ratio of -7.33 and a beta of 1.20. The firm has a 50 day simple moving average of $12.05 and a two-hundred day simple moving average of $11.67. 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 twelve month low of $8.56 and a twelve month high of $13.35.

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). Flagstar Financial had a negative return on equity of 6.60% and a negative net margin of 10.83%.The business had revenue of $496.00 million for the quarter, compared to the consensus estimate of $524.33 million. Flagstar Financial's revenue for the quarter was down 26.1% on a year-over-year basis. On average, research analysts predict 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 was paid on Wednesday, September 17th. Investors of record on Sunday, September 7th were paid 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 of this dividend was Friday, September 5th. Flagstar Financial's dividend payout ratio is presently -2.42%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FLG. Truist Financial boosted their target price on shares of Flagstar Financial from $12.00 to $13.50 and gave the stock a "hold" rating in a research report on Friday, September 12th. Citigroup boosted their target price on shares of Flagstar Financial from $15.50 to $16.50 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. dropped their target price on shares of Flagstar Financial from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 1st. Wall Street Zen lowered shares of Flagstar Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, DA Davidson reissued a "buy" rating and issued a $14.50 price target on shares of Flagstar Financial in a report on Thursday, June 26th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $13.65.

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.