Vanguard Personalized Indexing Management LLC Sells 9,797 Shares of Flagstar Financial, Inc. $FLG

Vanguard Personalized Indexing Management LLC reduced its position in shares of Flagstar Financial, Inc. (NYSE:FLG) by 29.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,798 shares of the company’s stock after selling 9,797 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Flagstar Financial were worth $252,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FLG. UMB Bank n.a. bought a new stake in Flagstar Financial during the second quarter worth $33,000. Marquette Asset Management LLC bought a new stake in Flagstar Financial during the second quarter worth $35,000. American National Bank & Trust bought a new stake in Flagstar Financial during the second quarter worth $41,000. Harbor Capital Advisors Inc. bought a new stake in Flagstar Financial during the second quarter worth $43,000. Finally, Geneos Wealth Management Inc. bought a new stake in Flagstar Financial during the first quarter worth $45,000. 67.88% of the stock is owned by institutional investors.

Flagstar Financial Trading Up 4.9%

FLG stock opened at $12.13 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.02 and a current ratio of 1.02. The company’s 50-day simple moving average is $12.12 and its 200 day simple moving average is $11.69. Flagstar Financial, Inc. has a 52 week low of $8.56 and a 52 week high of $13.35. The company has a market capitalization of $5.04 billion, a PE ratio of -7.35 and a beta of 1.17.

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

Analyst Ratings Changes

FLG has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flagstar Financial in a research report on Wednesday, October 8th. 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. TD Cowen assumed coverage on shares of Flagstar Financial in a report on Thursday, September 25th. They issued a “hold” rating and a $14.00 price objective on the stock. Morgan Stanley set a $14.00 price objective on shares of Flagstar Financial and gave the company an “underperform” rating in a report on Monday, September 29th. Finally, Truist Financial upped their price objective on shares of Flagstar Financial from $12.00 to $13.50 and gave the company a “hold” rating in a report on Friday, September 12th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $13.71.

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.