25,485 Shares in Flagstar Financial, Inc. (NYSE:FLG) Purchased by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. acquired a new stake in Flagstar Financial, Inc. by purchasing 25,485 shares, valued at approximately $296,000, during the first quarter.
• Analysts have mixed ratings for Flagstar Financial, with a consensus rating of "Hold" and a price target of $13.22, amidst recent earnings results showing a negative net margin of 10.83%.
• Flagstar Financial will pay a quarterly dividend of $0.01 on September 17th, with a current annualized yield of 0.4%.

Pacer Advisors Inc. bought a new stake in shares of Flagstar Financial, Inc. (NYSE:FLG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,485 shares of the company's stock, valued at approximately $296,000.

Other institutional investors have also recently made changes to their positions in the company. Neo Ivy Capital Management purchased a new stake in Flagstar Financial in the first quarter worth approximately $2,103,000. Cetera Investment Advisers bought a new stake in shares of Flagstar Financial in the first quarter worth $885,000. KLP Kapitalforvaltning AS bought a new position in Flagstar Financial in the first quarter valued at about $712,000. AE Wealth Management LLC bought a new stake in shares of Flagstar Financial during the 1st quarter valued at about $216,000. Finally, Princeton Capital Management LLC purchased a new position in shares of Flagstar Financial in the first quarter worth approximately $128,000. Hedge funds and other institutional investors own 67.88% of the company's stock.

Flagstar Financial Price Performance

Shares of NYSE FLG traded up $0.02 during midday trading on Monday, reaching $11.22. 5,208,187 shares of the stock traded hands, compared to its average volume of 7,037,716. Flagstar Financial, Inc. has a one year low of $8.56 and a one year high of $13.35. The stock has a market capitalization of $4.66 billion, a PE ratio of -6.80 and a beta of 1.11. The company's 50 day moving average is $11.42 and its 200 day moving average is $11.49. 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 issued its quarterly earnings data on Friday, July 25th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The company had revenue of $496.00 million for the quarter, compared to the consensus estimate of $524.33 million. Flagstar Financial had a negative return on equity of 6.60% and a negative net margin of 10.83%. Flagstar Financial's quarterly revenue was down 26.1% compared to the same quarter last year. On average, equities research analysts anticipate that Flagstar Financial, Inc. will post -0.31 earnings per share for the current year.

Flagstar Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Sunday, September 7th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, September 5th. Flagstar Financial's payout ratio is presently -2.42%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FLG shares. Truist Financial decreased their target price on Flagstar Financial from $13.00 to $12.00 and set a "hold" rating on the stock in a report on Friday, July 11th. Wall Street Zen lowered shares of Flagstar Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. DA Davidson reiterated a "buy" rating and issued a $14.50 price target on shares of Flagstar Financial in a research note on Thursday, June 26th. Stephens restated an "equal weight" rating and issued a $12.50 price objective on shares of Flagstar Financial in a research report on Thursday, June 12th. Finally, Citigroup increased 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 analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $13.22.

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.