Trivium Point Advisory LLC Purchases New Holdings in Flagstar Financial, Inc. $FLG

Key Points

• Trivium Point Advisory LLC has acquired a new stake of 114,332 shares in Flagstar Financial, valued at approximately $1.33 million, signaling increasing interest from institutional investors.
• Flagstar Financial reported a negative earnings per share of ($0.14) for the last quarter, missing analysts' expectations and indicating a decline in revenue by 26.1% year-over-year.
• The company announced a quarterly dividend of $0.01 per share, reflecting a 0.3% dividend yield, despite having a currently negative dividend payout ratio.

Trivium Point Advisory LLC purchased a new stake in Flagstar Financial, Inc. (NYSE:FLG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 114,332 shares of the company's stock, valued at approximately $1,329,000.

A number of other hedge funds have also recently added to or reduced their stakes in FLG. Bayforest Capital Ltd acquired a new stake in Flagstar Financial in the first quarter valued at approximately $97,000. HB Wealth Management LLC acquired a new position in shares of Flagstar Financial during the 1st quarter worth $119,000. Keynote Financial Services LLC bought a new position in shares of Flagstar Financial during the 1st quarter valued at $122,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Flagstar Financial in the 1st quarter valued at $122,000. Finally, Princeton Capital Management LLC acquired a new stake in shares of Flagstar Financial in the 1st quarter valued at $128,000. Institutional investors and hedge funds own 67.88% of the company's stock.

Analysts Set New Price Targets

FLG has been the topic of several analyst reports. 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. Truist Financial decreased their price target on Flagstar Financial from $13.00 to $12.00 and set a "hold" rating for the company in a research note on Friday, July 11th. Wall Street Zen downgraded Flagstar Financial from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Jefferies Financial Group initiated coverage on Flagstar Financial in a report on Wednesday, May 21st. They issued a "buy" rating and a $15.00 target price for the company. Finally, Stephens reaffirmed an "equal weight" rating and set a $12.50 target price on shares of Flagstar Financial in a research report on Thursday, June 12th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $13.22.

Flagstar Financial Stock Performance

NYSE FLG traded down $0.07 during trading on Wednesday, hitting $12.01. The company's stock had a trading volume of 6,716,683 shares, compared to its average volume of 7,004,374. Flagstar Financial, Inc. has a 52 week low of $8.56 and a 52 week high of $13.35. The firm has a market cap of $4.99 billion, a P/E ratio of -7.28 and a beta of 1.11. The firm has a 50 day moving average price of $11.43 and a 200 day moving average price of $11.63. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.74.

Flagstar Financial (NYSE:FLG - Get Free Report) last posted 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). Flagstar Financial had a negative net margin of 10.83% and a negative return on equity of 6.60%. The business had revenue of $496.00 million during the quarter, compared to the consensus estimate of $524.33 million. Flagstar Financial's revenue for the quarter was down 26.1% compared to the same quarter last year. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Sunday, September 7th will be given a $0.01 dividend. 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%.

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.