Intech Investment Management LLC Purchases Shares of 220,484 Flagstar Financial, Inc. $FLG

Intech Investment Management LLC purchased a new stake in Flagstar Financial, Inc. (NYSE:FLG) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 220,484 shares of the company’s stock, valued at approximately $2,562,000. Intech Investment Management LLC owned approximately 0.05% of Flagstar Financial as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FLG. KLP Kapitalforvaltning AS bought a new position in Flagstar Financial in the first quarter valued at $712,000. AE Wealth Management LLC bought a new position in Flagstar Financial in the first quarter valued at $216,000. Princeton Capital Management LLC bought a new position in Flagstar Financial in the first quarter valued at $128,000. Cetera Investment Advisers bought a new position in Flagstar Financial in the first quarter valued at $885,000. Finally, Neo Ivy Capital Management bought a new position in Flagstar Financial in the first quarter valued at $2,103,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on FLG shares. JPMorgan Chase & Co. reduced their target price 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. Wall Street Zen cut Flagstar Financial from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Cantor Fitzgerald assumed coverage on Flagstar Financial in a research note on Wednesday, September 10th. They set an “overweight” rating and a $15.00 price objective on the stock. Jefferies Financial Group assumed coverage on Flagstar Financial in a research note on Wednesday, May 21st. They set a “buy” rating and a $15.00 price objective on the stock. Finally, Citigroup raised their price objective on Flagstar Financial from $15.50 to $16.50 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $13.65.

Flagstar Financial Price Performance

Shares of NYSE FLG opened at $12.34 on Tuesday. Flagstar Financial, Inc. has a fifty-two week low of $8.56 and a fifty-two week high of $13.35. The company has a 50 day simple moving average of $12.00 and a two-hundred day simple moving average of $11.65. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of -7.48 and a beta of 1.20. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.02 and a current ratio of 1.02.

Flagstar Financial (NYSE:FLG) last announced its earnings results 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 business had revenue of $496.00 million for the quarter, compared to the consensus estimate of $524.33 million. The firm’s revenue for the quarter was down 26.1% compared to the same quarter last year. Analysts expect that Flagstar Financial, Inc. will post -0.31 EPS for the current fiscal year.

Flagstar Financial Announces Dividend

The company 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 dividend of $0.01 per share. 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 (DPR) 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.