Flagstar Financial, Inc. $FLG Shares Sold by US Bancorp DE

US Bancorp DE decreased its position in shares of Flagstar Financial, Inc. (NYSE:FLG) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,777 shares of the company’s stock after selling 2,534 shares during the period. US Bancorp DE owned about 0.05% of Flagstar Financial worth $2,319,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FLG. KLP Kapitalforvaltning AS acquired a new position in Flagstar Financial during the 1st quarter worth about $712,000. AE Wealth Management LLC acquired a new position in Flagstar Financial during the 1st quarter worth about $216,000. Princeton Capital Management LLC acquired a new position in Flagstar Financial during the 1st quarter worth about $128,000. Cetera Investment Advisers acquired a new position in Flagstar Financial during the 1st quarter worth about $885,000. Finally, Neo Ivy Capital Management acquired a new position in Flagstar Financial during the 1st quarter worth about $2,103,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FLG shares. Citigroup increased their price target on Flagstar Financial from $15.50 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Truist Financial increased their price target on Flagstar Financial from $12.00 to $13.50 and gave the company a “hold” rating in a research report on Friday, September 12th. Morgan Stanley set a $14.00 price target on Flagstar Financial and gave the company an “underperform” rating in a research report on Monday, September 29th. DA Davidson reaffirmed a “buy” rating and issued a $14.50 price target on shares of Flagstar Financial in a research report on Thursday, June 26th. Finally, JPMorgan Chase & Co. reduced their price target 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. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.71.

Flagstar Financial Trading Down 1.0%

NYSE:FLG opened at $11.92 on Thursday. The stock’s 50 day moving average price is $12.16 and its 200 day moving average price is $11.66. The company has a market capitalization of $4.95 billion, a PE ratio of -7.22 and a beta of 1.17. 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 52-week low of $8.56 and a 52-week high of $13.35.

Flagstar Financial (NYSE:FLG) last released its quarterly earnings results on Wednesday, January 26th. The company reported $0.27 earnings per share (EPS) for the quarter. The firm had revenue of $287.00 million for the quarter. Flagstar Financial had a negative return on equity of 6.60% and a negative net margin of 10.83%. On average, research analysts anticipate that Flagstar Financial, Inc. will post -0.31 EPS for the current year.

Flagstar Financial Announces Dividend

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

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.