Hsbc Holdings PLC Takes $186,000 Position in Flagstar Financial, Inc. $FLG

Hsbc Holdings PLC acquired a new stake in Flagstar Financial, Inc. (NYSE:FLG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,042 shares of the company’s stock, valued at approximately $186,000.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group acquired a new position in shares of Flagstar Financial in the first quarter valued at approximately $51,000. Bayforest Capital Ltd acquired a new position in Flagstar Financial during the first quarter worth approximately $97,000. HB Wealth Management LLC acquired a new position in Flagstar Financial during the first quarter worth approximately $119,000. Keynote Financial Services LLC acquired a new position in Flagstar Financial during the first quarter worth approximately $122,000. Finally, Atlas Capital Advisors Inc. acquired a new position in Flagstar Financial during the first quarter worth approximately $122,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Analyst Ratings Changes

FLG has been the subject of several research analyst reports. Citigroup upped their price target on shares of Flagstar Financial from $15.50 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Wall Street Zen lowered shares of Flagstar Financial from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Jefferies Financial Group initiated coverage on shares of Flagstar Financial in a research report on Wednesday, May 21st. They set a “buy” rating and a $15.00 price target for the company. JPMorgan Chase & Co. dropped their price target on shares of Flagstar Financial from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, July 1st. Finally, Stephens reaffirmed an “equal weight” rating and set a $12.50 price target on shares of Flagstar Financial in a research report on Thursday, June 12th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $13.33.

Flagstar Financial Price Performance

Flagstar Financial stock opened at $12.97 on Friday. Flagstar Financial, Inc. has a 52-week low of $8.56 and a 52-week high of $13.35. The firm has a fifty day moving average of $11.80 and a 200-day moving average of $11.65. The firm has a market capitalization of $5.39 billion, a P/E ratio of -7.86 and a beta of 1.20. 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 (NYSE:FLG) last released its quarterly earnings data on Friday, July 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $524.33 million. Flagstar Financial’s quarterly revenue was down 26.1% compared to the same quarter last year. As a group, analysts predict that Flagstar Financial, Inc. will post -0.31 EPS for the current year.

Flagstar Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Sunday, September 7th will be paid a $0.01 dividend. The ex-dividend date 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 -2.42%.

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.