Teza Capital Management LLC Purchases Shares of 48,145 Flagstar Financial, Inc. $FLG

Key Points

• Teza Capital Management LLC acquired 48,145 shares of Flagstar Financial, valued at approximately $559,000, marking a significant investment during the first quarter.
• Flagstar Financial reported a negative earnings per share (EPS) of ($0.14), missing expectations, along with a revenue decline of 26.1% year-over-year.
• The company declared a quarterly dividend of $0.01, with an ex-dividend date set for September 5th, representing a 0.3% dividend yield.

Teza Capital Management LLC bought a new position in shares of Flagstar Financial, Inc. (NYSE:FLG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 48,145 shares of the company's stock, valued at approximately $559,000.

Other large investors have also bought and sold shares of the company. Brooklyn Investment Group bought a new position in Flagstar Financial during the 1st quarter worth $51,000. Bayforest Capital Ltd bought a new position in Flagstar Financial during the 1st quarter worth $97,000. HB Wealth Management LLC bought a new position in Flagstar Financial during the 1st quarter worth $119,000. Keynote Financial Services LLC bought a new position in Flagstar Financial during the 1st quarter worth $122,000. Finally, Atlas Capital Advisors Inc. bought a new position in Flagstar Financial during the 1st quarter worth $122,000. 67.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on FLG shares. JPMorgan Chase & Co. lowered their price objective on Flagstar Financial from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday, July 1st. Jefferies Financial Group started coverage on Flagstar Financial in a research report on Wednesday, May 21st. They issued a "buy" rating and a $15.00 price objective for the company. DA Davidson reissued a "buy" rating and issued a $14.50 price objective on shares of Flagstar Financial in a research report on Thursday, June 26th. Wall Street Zen lowered Flagstar Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Cantor Fitzgerald started coverage on Flagstar Financial in a research report on Wednesday. They issued an "overweight" rating and a $15.00 price objective for the company. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Flagstar Financial currently has an average rating of "Moderate Buy" and a consensus price target of $13.65.

Flagstar Financial Stock Down 0.6%

Flagstar Financial stock traded down $0.08 during midday trading on Friday, reaching $12.68. The stock had a trading volume of 3,319,539 shares, compared to its average volume of 4,714,783. Flagstar Financial, Inc. has a 12 month low of $8.56 and a 12 month high of $13.35. The company has a market capitalization of $5.27 billion, a P/E ratio of -7.68 and a beta of 1.20. The company has a fifty day moving average price of $11.97 and a two-hundred day moving average price of $11.65. 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 (NYSE:FLG - Get Free Report) last released its quarterly 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). The company had revenue of $496.00 million for 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%. The company's quarterly revenue was down 26.1% on a year-over-year basis. As a group, equities analysts expect that Flagstar Financial, Inc. will post -0.31 EPS 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. Shareholders of record on Sunday, September 7th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, September 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. Flagstar Financial's payout ratio is -2.42%.

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.