Signaturefd LLC Makes New $538,000 Investment in Flagstar Financial, Inc. $FLG

Key Points

• Signaturefd LLC has invested approximately $538,000 in Flagstar Financial, acquiring 50,723 shares in the second quarter, highlighting increasing institutional interest in the company.
• Analysts have mixed ratings on Flagstar Financial, with five analysts recommending a Buy, six a Hold, and one a Sell, and a current average price target of $13.71.
• Flagstar Financial reported a quarterly loss of ($0.14) earnings per share, underperforming analyst expectations, with a revenue decline of 26.1% year-over-year.

Signaturefd LLC bought a new position in shares of Flagstar Financial, Inc. (NYSE:FLG - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 50,723 shares of the company's stock, valued at approximately $538,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. acquired a new stake in shares of Flagstar Financial in the second quarter valued at about $33,000. Marquette Asset Management LLC purchased a new position in Flagstar Financial in the second quarter valued at about $35,000. American National Bank & Trust acquired a new stake in shares of Flagstar Financial during the 2nd quarter valued at approximately $41,000. Geneos Wealth Management Inc. purchased a new stake in shares of Flagstar Financial during the 1st quarter worth approximately $45,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Flagstar Financial in the 2nd quarter worth approximately $43,000. 67.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FLG. TD Cowen initiated coverage on Flagstar Financial in a report on Thursday, September 25th. They set a "hold" rating and a $14.00 price objective for the company. Citigroup raised their price target on Flagstar Financial from $15.50 to $16.50 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Morgan Stanley set a $14.00 price target on Flagstar Financial and gave the stock an "underperform" rating in a research note on Monday. DA Davidson reissued a "buy" rating and issued a $14.50 price objective on shares of Flagstar Financial in a research note on Thursday, June 26th. Finally, Truist Financial raised their target price on shares of Flagstar Financial from $12.00 to $13.50 and gave the company a "hold" rating in a report on Friday, September 12th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $13.71.

Flagstar Financial Stock Up 0.2%

Shares of NYSE:FLG opened at $11.54 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $4.79 billion, a P/E ratio of -6.99 and a beta of 1.20. Flagstar Financial, Inc. has a 52-week low of $8.56 and a 52-week high of $13.35. The stock's fifty day simple moving average is $12.08 and its 200-day simple moving average is $11.68.

Flagstar Financial (NYSE:FLG - Get Free Report) last announced its earnings results 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 firm 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% on a year-over-year basis. As a group, equities research analysts forecast 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 was paid on Wednesday, September 17th. Stockholders of record on Sunday, September 7th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, September 5th. Flagstar Financial's payout ratio is currently -2.42%.

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.

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