Sage Mountain Advisors LLC Invests $109,000 in Flagstar Financial, Inc. $FLG

Sage Mountain Advisors LLC bought a new position in Flagstar Financial, Inc. (NYSE:FLG) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 10,267 shares of the company’s stock, valued at approximately $109,000.

A number of other large investors have also recently made changes to their positions in the business. Ground Swell Capital LLC purchased a new position in shares of Flagstar Financial during the 2nd quarter worth about $276,000. D.A. Davidson & CO. purchased a new position in shares of Flagstar Financial during the 2nd quarter worth about $2,700,000. Securian Asset Management Inc. purchased a new position in shares of Flagstar Financial during the 2nd quarter worth about $244,000. International Assets Investment Management LLC purchased a new position in shares of Flagstar Financial during the 2nd quarter worth about $143,000. Finally, Easterly Investment Partners LLC purchased a new position in shares of Flagstar Financial during the 2nd quarter worth about $1,041,000. 67.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on FLG. JPMorgan Chase & Co. lifted their price target on shares of Flagstar Financial from $12.50 to $14.00 and gave the stock a “neutral” rating in a research note on Monday. Citigroup lifted their price target on shares of Flagstar Financial from $15.50 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. DA Davidson reaffirmed a “buy” rating and set a $14.50 price target on shares of Flagstar Financial in a research note on Monday. Morgan Stanley set a $14.00 price target on shares of Flagstar Financial and gave the stock an “underperform” rating in a research note on Monday, September 29th. Finally, Truist Financial lifted their price target on shares of Flagstar Financial from $12.00 to $13.50 and gave the stock a “hold” rating in a research note on Friday, September 12th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.88.

Flagstar Financial Price Performance

Flagstar Financial stock opened at $11.91 on Tuesday. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of -12.27 and a beta of 1.17. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.02 and a quick ratio of 1.01. Flagstar Financial, Inc. has a 1 year low of $8.56 and a 1 year high of $13.35. The firm has a 50-day moving average of $12.12 and a two-hundred day moving average of $11.71.

Flagstar Financial (NYSE:FLG) last released its quarterly earnings data on Wednesday, January 26th. The company reported $0.27 earnings per share (EPS) for the quarter. The company had revenue of $287.00 million during the quarter. Flagstar Financial had a negative net margin of 7.06% and a negative return on equity of 3.80%. On average, research analysts forecast that Flagstar Financial, Inc. will post -0.31 earnings per share for the current year.

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.