48,145 Shares in Flagstar Financial, Inc. $FLG Purchased by Teza Capital Management LLC

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

Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group bought a new position in shares of Flagstar Financial in the first quarter worth $51,000. Bayforest Capital Ltd bought a new position in Flagstar Financial in the first quarter valued at $97,000. HB Wealth Management LLC bought a new position in Flagstar Financial in the first quarter valued at $119,000. Keynote Financial Services LLC bought a new position in Flagstar Financial in the first quarter valued at $122,000. Finally, Atlas Capital Advisors Inc. bought a new position in Flagstar Financial in the first quarter valued at $122,000. Institutional investors own 67.88% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. DA Davidson restated a "buy" rating and set a $14.50 price target on shares of Flagstar Financial in a research report on Thursday, June 26th. Cantor Fitzgerald assumed coverage on shares of Flagstar Financial in a research report on Wednesday. They set an "overweight" rating and a $15.00 price target for the company. Citigroup upped their price target on shares of Flagstar Financial from $15.50 to $16.50 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Wall Street Zen lowered shares of Flagstar Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Truist Financial upped their price target on shares of Flagstar Financial from $12.00 to $13.50 and gave the company a "hold" rating in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $13.65.

Flagstar Financial Trading Down 0.5%

Shares of Flagstar Financial stock traded down $0.06 during trading on Friday, reaching $12.70. 2,027,925 shares of the stock were exchanged, compared to its average volume of 6,270,006. 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 stock's fifty day moving average is $11.94 and its 200 day moving average is $11.65. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of -7.70 and a beta of 1.20. Flagstar Financial, Inc. has a 1 year low of $8.56 and a 1 year 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 for the quarter, missing analysts' consensus estimates 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 company's quarterly revenue was down 26.1% compared to the same quarter last year. As a group, equities research analysts expect that Flagstar Financial, Inc. will post -0.31 earnings per share for the current fiscal year.

Flagstar Financial Announces Dividend

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 $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 5th. Flagstar Financial's dividend payout ratio is presently -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.