Atria Wealth Solutions Inc. Acquires New Holdings in Flagstar Financial, Inc. $FLG

Atria Wealth Solutions Inc. acquired a new stake in Flagstar Financial, Inc. (NYSE:FLG) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,077 shares of the company’s stock, valued at approximately $187,000.

A number of other large investors have also added to or reduced their stakes in the business. Empower Advisory Group LLC bought a new position in Flagstar Financial in the 1st quarter valued at approximately $249,000. New Age Alpha Advisors LLC bought a new position in Flagstar Financial during the 1st quarter worth approximately $509,000. Blair William & Co. IL acquired a new position in shares of Flagstar Financial in the 1st quarter worth approximately $662,000. R Squared Ltd acquired a new position in shares of Flagstar Financial in the 1st quarter worth approximately $131,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Flagstar Financial in the 1st quarter valued at $288,000. Institutional investors own 67.88% of the company’s stock.

Flagstar Financial Stock Performance

NYSE:FLG opened at $11.96 on Monday. The company has a fifty day moving average of $11.41 and a 200-day moving average of $11.63. The firm has a market capitalization of $4.97 billion, a P/E ratio of -7.25 and a beta of 1.11. 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, Inc. has a twelve month low of $8.56 and a twelve month high of $13.35.

Flagstar Financial (NYSE:FLG) last released 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 company had revenue of $496.00 million during the quarter, compared to the consensus estimate of $524.33 million. The company’s quarterly revenue was down 26.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Flagstar Financial, Inc. will post -0.31 EPS for the current year.

Flagstar Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Sunday, September 7th will be given a $0.01 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.04 annualized dividend and a yield of 0.3%. Flagstar Financial’s dividend payout ratio (DPR) is presently -2.42%.

Analyst Upgrades and Downgrades

FLG has been the subject of a number of analyst reports. Citigroup lifted their target price on shares of Flagstar Financial from $15.00 to $15.50 and gave the stock a “buy” rating in a research note on Thursday, May 15th. DA Davidson reissued a “buy” rating and set a $14.50 target price on shares of Flagstar Financial in a research note on Thursday, June 26th. Stephens reissued an “equal weight” rating and set a $12.50 target price on shares of Flagstar Financial in a research note on Thursday, June 12th. Truist Financial lowered their target price on shares of Flagstar Financial from $13.00 to $12.00 and set a “hold” rating for the company in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Flagstar Financial from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.22.

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.