Inspire Investing LLC Has $465,000 Stake in Flagstar Financial, Inc. $FLG

Inspire Investing LLC grew its holdings in Flagstar Financial, Inc. (NYSE:FLG) by 20.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,892 shares of the company’s stock after buying an additional 7,574 shares during the period. Inspire Investing LLC’s holdings in Flagstar Financial were worth $465,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Mendon Capital Advisors Corp acquired a new stake in Flagstar Financial during the 1st quarter valued at $2,403,000. Mutual of America Capital Management LLC acquired a new stake in shares of Flagstar Financial during the 1st quarter worth about $1,814,000. Liberty 77 Capital L.P. acquired a new stake in shares of Flagstar Financial during the 1st quarter worth about $871,500,000. Comerica Bank acquired a new stake in shares of Flagstar Financial during the 1st quarter worth about $990,000. Finally, American Century Companies Inc. acquired a new stake in shares of Flagstar Financial during the 1st quarter worth about $405,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald assumed coverage on shares of Flagstar Financial in a research report on Wednesday, September 10th. They set an “overweight” rating and a $15.00 price objective for the company. DA Davidson reissued a “buy” rating and set a $14.50 price target on shares of Flagstar Financial in a report on Thursday, June 26th. JPMorgan Chase & Co. dropped their price target on Flagstar Financial from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, July 1st. TD Cowen initiated coverage on Flagstar Financial in a report on Thursday, September 25th. They set a “hold” rating and a $14.00 price target for the company. Finally, Citigroup lifted their price target on Flagstar Financial from $15.50 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Flagstar Financial has an average rating of “Hold” and a consensus price target of $13.71.

Flagstar Financial Stock Down 4.8%

NYSE FLG opened at $11.39 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.74. Flagstar Financial, Inc. has a 1-year low of $8.56 and a 1-year high of $13.35. The company has a 50 day moving average of $12.12 and a 200-day moving average of $11.66. The company has a market cap of $4.73 billion, a price-to-earnings ratio of -6.90 and a beta of 1.17.

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

Flagstar Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Sunday, September 7th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, September 5th. Flagstar Financial’s payout ratio 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.