Blair William & Co. IL Takes Position in Flagstar Financial, Inc. (NYSE:FLG)

Blair William & Co. IL bought a new stake in Flagstar Financial, Inc. (NYSE:FLG) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 56,956 shares of the company’s stock, valued at approximately $662,000.

Several other institutional investors also recently modified their holdings of FLG. Bayforest Capital Ltd bought a new position in shares of Flagstar Financial in the first quarter valued at approximately $97,000. HB Wealth Management LLC purchased a new position in Flagstar Financial in the first quarter valued at approximately $119,000. Princeton Capital Management LLC purchased a new position in Flagstar Financial in the first quarter valued at approximately $128,000. Wellington Shields & Co. LLC purchased a new position in Flagstar Financial in the first quarter valued at approximately $131,000. Finally, R Squared Ltd purchased a new position in Flagstar Financial in the first quarter valued at approximately $131,000. 67.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on FLG shares. Jefferies Financial Group started coverage on Flagstar Financial in a research note on Wednesday, May 21st. They issued a “buy” rating and a $15.00 price objective on the stock. DA Davidson reiterated a “buy” rating and issued a $14.50 price objective on shares of Flagstar Financial in a research note on Thursday, June 26th. Wall Street Zen downgraded Flagstar Financial from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. 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 note on Tuesday, July 1st. Finally, Stephens reiterated an “equal weight” rating and issued a $12.50 price objective on shares of Flagstar Financial in a research note on Thursday, June 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.22.

Flagstar Financial Trading Up 1.7%

NYSE:FLG opened at $11.56 on Monday. The company has a market cap of $4.80 billion, a P/E ratio of -7.01 and a beta of 1.11. The stock’s fifty day moving average price is $11.38 and its two-hundred day moving average price is $11.56. Flagstar Financial, Inc. has a 1 year low of $8.56 and a 1 year high of $13.35. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.02 and a quick ratio of 1.02.

Flagstar Financial (NYSE:FLG) last released its quarterly earnings results 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). The firm had revenue of $496.00 million during the quarter, compared to the consensus estimate of $524.33 million. Flagstar Financial had a negative return on equity of 6.60% and a negative net margin of 10.83%. The firm’s quarterly revenue was down 26.1% compared to the same quarter last year. As a group, analysts expect that Flagstar Financial, Inc. will post -0.31 EPS for the current year.

Flagstar Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Sunday, September 7th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. Flagstar Financial’s dividend payout ratio is presently -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.