Quantitative Investment Management LLC Acquires Shares of 45,130 Flagstar Financial, Inc. $FLG

Key Points

• Quantitative Investment Management LLC has purchased a new stake in Flagstar Financial, Inc. valued at approximately $524,000, acquiring 45,130 shares.
• Flagstar Financial reported a quarterly loss with an EPS of ($0.14), missing estimates and experiencing a revenue decline of 26.1% year-over-year.
• The company recently announced a quarterly dividend of $0.01, representing a yield of 0.3%, with a negative dividend payout ratio of -2.42%.

Quantitative Investment Management LLC acquired a new position in Flagstar Financial, Inc. (NYSE:FLG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 45,130 shares of the company's stock, valued at approximately $524,000.

Other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Flagstar Financial in the 1st quarter worth approximately $51,000. Bayforest Capital Ltd bought a new position in shares of Flagstar Financial during the 1st quarter valued at approximately $97,000. HB Wealth Management LLC bought a new position in shares of Flagstar Financial during the 1st quarter valued at approximately $119,000. Atlas Capital Advisors Inc. bought a new position in shares of Flagstar Financial during the 1st quarter valued at approximately $122,000. Finally, Keynote Financial Services LLC bought a new position in shares of Flagstar Financial during the 1st quarter valued at approximately $122,000. Institutional investors own 67.88% of the company's stock.

Flagstar Financial Stock Up 0.3%

Shares of Flagstar Financial stock traded up $0.04 during trading on Friday, hitting $12.82. 3,511,685 shares of the stock were exchanged, compared to its average volume of 6,403,259. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of -7.77 and a beta of 1.11. The firm's 50-day moving average price is $11.59 and its 200 day moving average price is $11.65. 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.

Flagstar Financial (NYSE:FLG - Get Free Report) last released 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 analysts' expectations of $524.33 million. Flagstar Financial had a negative return on equity of 6.60% and a negative net margin of 10.83%.The firm's quarterly revenue was down 26.1% on a year-over-year basis. As a group, analysts forecast that Flagstar Financial, Inc. will post -0.31 earnings per share for the current fiscal year.

Flagstar Financial Dividend Announcement

The business also recently declared 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 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%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their target price on Flagstar Financial from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 1st. Stephens reissued an "equal weight" rating and set a $12.50 target price on shares of Flagstar Financial in a research report on Thursday, June 12th. DA Davidson reissued a "buy" rating and set a $14.50 target price on shares of Flagstar Financial in a research report on Thursday, June 26th. Citigroup boosted their target price on Flagstar Financial from $15.50 to $16.50 and gave the company a "buy" rating in a research report on Tuesday. Finally, Wall Street Zen downgraded Flagstar Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Flagstar Financial currently has a consensus rating of "Hold" and an average target price of $13.33.

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.