111 Capital Takes $187,000 Position in Flagstar Financial, Inc. $FLG

111 Capital purchased a new stake in shares of Flagstar Financial, Inc. (NYSE:FLG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,657 shares of the company’s stock, valued at approximately $187,000.

Several other institutional investors also recently modified their holdings of the business. Liberty 77 Capital L.P. purchased a new stake in shares of Flagstar Financial during the first quarter valued at $871,500,000. Reverence Capital Partners L.P. purchased a new stake in shares of Flagstar Financial during the first quarter valued at $418,101,000. Vanguard Group Inc. purchased a new stake in shares of Flagstar Financial during the first quarter valued at $378,161,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Flagstar Financial during the first quarter valued at $76,911,000. Finally, Azora Capital LP purchased a new stake in shares of Flagstar Financial during the first quarter valued at $74,133,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

Flagstar Financial Stock Down 0.1%

FLG stock opened at $12.09 on Wednesday. Flagstar Financial, Inc. has a twelve month low of $8.56 and a twelve month high of $13.35. 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 has a market cap of $5.03 billion, a P/E ratio of -7.33 and a beta of 1.17. The business’s 50-day moving average price is $12.09 and its 200-day moving average price is $11.67.

Flagstar Financial (NYSE:FLG) last posted its quarterly earnings data 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). Flagstar Financial had a negative net margin of 10.83% and a negative return on equity of 6.60%. The company had revenue of $496.00 million for the quarter, compared to analysts’ expectations of $524.33 million. The firm’s quarterly revenue was down 26.1% on a year-over-year basis. On average, equities research analysts forecast that Flagstar Financial, Inc. will post -0.31 EPS for the current year.

Flagstar Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Sunday, September 7th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, September 5th. Flagstar Financial’s payout ratio is presently -2.42%.

Analysts Set New Price Targets

FLG has been the topic of several recent analyst reports. Truist Financial increased their price objective on Flagstar Financial from $12.00 to $13.50 and gave the company a “hold” rating in a research report on Friday, September 12th. JPMorgan Chase & Co. dropped their price objective on Flagstar Financial from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 1st. Cantor Fitzgerald started coverage on Flagstar Financial in a research note on Wednesday, September 10th. They set an “overweight” rating and a $15.00 price target for the company. Morgan Stanley set a $14.00 price target on Flagstar Financial and gave the company an “underperform” rating in a research note on Monday, September 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Flagstar Financial in a research note on Saturday, September 27th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $13.71.

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.