Allianz Asset Management GmbH Invests $1.53 Million in Flagstar Financial, Inc. $FLG

Allianz Asset Management GmbH acquired a new position in shares of Flagstar Financial, Inc. (NYSE:FLG) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 144,096 shares of the company’s stock, valued at approximately $1,527,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. New York State Teachers Retirement System purchased a new stake in shares of Flagstar Financial in the 2nd quarter valued at about $1,692,000. TD Asset Management Inc purchased a new stake in shares of Flagstar Financial in the 2nd quarter valued at about $702,000. Yousif Capital Management LLC purchased a new stake in shares of Flagstar Financial in the 2nd quarter valued at about $1,074,000. CWM LLC purchased a new stake in shares of Flagstar Financial in the 2nd quarter valued at about $28,000. Finally, Inspire Investing LLC lifted its holdings in shares of Flagstar Financial by 20.9% in the 2nd quarter. Inspire Investing LLC now owns 43,892 shares of the company’s stock valued at $465,000 after purchasing an additional 7,574 shares during the last quarter. 67.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Flagstar Financial Trading Up 4.9%

Shares of Flagstar Financial stock opened at $12.13 on Friday. Flagstar Financial, Inc. has a fifty-two week low of $8.56 and a fifty-two week high of $13.35. The firm has a market cap of $5.04 billion, a PE ratio of -12.50 and a beta of 1.17. The business’s fifty day moving average is $12.12 and its two-hundred day moving average is $11.70. 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 issued its quarterly earnings results on Wednesday, January 26th. The company reported $0.27 earnings per share for the quarter. Flagstar Financial had a negative return on equity of 6.60% and a negative net margin of 10.83%.The company had revenue of $287.00 million for the quarter. Analysts anticipate that Flagstar Financial, Inc. will post -0.31 earnings per share for the current year.

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.