Securian Asset Management Inc. Makes New $244,000 Investment in Flagstar Financial, Inc. $FLG

Securian Asset Management Inc. acquired a new stake in Flagstar Financial, Inc. (NYSE:FLG) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 23,015 shares of the company’s stock, valued at approximately $244,000.

Several other hedge funds have also bought and sold shares of the business. Liberty 77 Capital L.P. bought a new position in Flagstar Financial during the first quarter valued at approximately $871,500,000. Reverence Capital Partners L.P. bought a new position in Flagstar Financial during the first quarter valued at $418,101,000. Vanguard Group Inc. bought a new stake in shares of Flagstar Financial in the 1st quarter worth about $378,161,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of Flagstar Financial in the 1st quarter worth about $76,911,000. Finally, Azora Capital LP purchased a new position in Flagstar Financial in the 1st quarter worth about $74,133,000. Institutional investors own 67.88% of the company’s stock.

Flagstar Financial Stock Performance

Shares of FLG opened at $12.13 on Friday. Flagstar Financial, Inc. has a 12-month low of $8.56 and a 12-month high of $13.35. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.02 and a quick ratio of 1.02. The business’s fifty day moving average price is $12.12 and its 200 day moving average price is $11.70. The stock has a market capitalization of $5.04 billion, a PE ratio of -12.50 and a beta of 1.17.

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

Wall Street Analysts Forecast Growth

FLG has been the topic of a number of analyst reports. Cantor Fitzgerald assumed coverage on shares of Flagstar Financial in a research report on Wednesday, September 10th. They issued an “overweight” rating and a $15.00 price objective on the stock. Truist Financial increased their target price on shares of Flagstar Financial from $12.00 to $13.50 and gave the company a “hold” rating in a research report on Friday, September 12th. TD Cowen began coverage on shares of Flagstar Financial in a research report on Thursday, September 25th. They set a “hold” rating and a $14.00 price objective for the company. Citigroup lifted their price target on shares of Flagstar Financial from $15.50 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Flagstar Financial in a research note on Saturday. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $13.71.

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.