XTX Topco Ltd Takes Position in Flagstar Financial, Inc. (NYSE:FLG)

Key Points

• XTX Topco Ltd has acquired a new stake in Flagstar Financial, purchasing 75,491 shares valued at approximately $877,000.
• Flagstar Financial reported a negative EPS of ($0.14) for the last quarter, below analysts' expectations, and a 26.1% decline in quarterly revenue year-over-year.
• The company declared a $0.01 quarterly dividend, with an annualized yield of 0.4%, scheduled for payment on September 17th.

XTX Topco Ltd bought a new stake in Flagstar Financial, Inc. (NYSE:FLG - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 75,491 shares of the company's stock, valued at approximately $877,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new position in Flagstar Financial in the 1st quarter worth approximately $712,000. AE Wealth Management LLC bought a new position in Flagstar Financial during the first quarter worth $216,000. Princeton Capital Management LLC acquired a new position in shares of Flagstar Financial during the first quarter valued at about $128,000. Cetera Investment Advisers bought a new stake in shares of Flagstar Financial in the 1st quarter worth approximately $885,000. Finally, Neo Ivy Capital Management acquired a new stake in Flagstar Financial during the first quarter worth $2,103,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FLG. Citigroup lifted their target price on shares of Flagstar Financial from $15.00 to $15.50 and gave the company a "buy" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. decreased their price objective on Flagstar Financial from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, July 1st. DA Davidson reissued a "buy" rating and issued a $14.50 target price on shares of Flagstar Financial in a report on Thursday, June 26th. Stephens reaffirmed an "equal weight" rating and issued a $12.50 price target on shares of Flagstar Financial in a research note on Thursday, June 12th. Finally, Wall Street Zen lowered Flagstar Financial from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $13.22.

Flagstar Financial Trading Up 0.8%

Shares of FLG stock traded up $0.09 on Wednesday, hitting $11.28. The stock had a trading volume of 4,964,592 shares, compared to its average volume of 7,068,986. 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, Inc. has a twelve month low of $8.56 and a twelve month high of $13.35. The company has a fifty day moving average price of $11.39 and a two-hundred day moving average price of $11.50. The firm has a market cap of $4.68 billion, a P/E ratio of -6.84 and a beta of 1.11.

Flagstar Financial (NYSE:FLG - Get Free Report) last posted its 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). Flagstar Financial had a negative return on equity of 6.60% and a negative net margin of 10.83%. The business had revenue of $496.00 million for the quarter, compared to the consensus estimate of $524.33 million. Flagstar Financial's revenue for the quarter 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Sunday, September 7th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 5th. Flagstar Financial's dividend payout ratio is currently -2.42%.

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.