Wealthcare Advisory Partners LLC Takes $110,000 Position in Flagstar Financial, Inc. $FLG

Wealthcare Advisory Partners LLC acquired a new stake in Flagstar Financial, Inc. (NYSE:FLG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,422 shares of the company’s stock, valued at approximately $110,000.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. purchased a new stake in Flagstar Financial during the 2nd quarter worth about $33,000. Marquette Asset Management LLC purchased a new stake in Flagstar Financial during the 2nd quarter worth about $35,000. American National Bank & Trust purchased a new stake in Flagstar Financial during the 2nd quarter worth about $41,000. Geneos Wealth Management Inc. purchased a new stake in Flagstar Financial during the 1st quarter worth about $45,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in Flagstar Financial during the 2nd quarter worth about $43,000. 67.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. JPMorgan Chase & Co. decreased 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. 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. DA Davidson reissued a “buy” rating and issued a $14.50 target price on shares of Flagstar Financial in a report on Thursday, June 26th. Cantor Fitzgerald started coverage on Flagstar Financial in a report on Wednesday, September 10th. They issued an “overweight” rating and a $15.00 target price for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Flagstar Financial in a report on Wednesday. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Flagstar Financial has a consensus rating of “Hold” and a consensus target price of $13.71.

Flagstar Financial Stock Performance

FLG opened at $11.39 on Friday. The stock has a market cap of $4.73 billion, a P/E ratio of -6.90 and a beta of 1.17. 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 stock’s 50 day simple moving average is $12.12 and its 200 day simple moving average is $11.66. Flagstar Financial, Inc. has a 1-year low of $8.56 and a 1-year high of $13.35.

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

Flagstar Financial Announces Dividend

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