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

Inspire Investing LLC lifted its holdings in Flagstar Financial, Inc. (NYSE:FLG) by 20.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 43,892 shares of the company’s stock after purchasing an additional 7,574 shares during the quarter. Inspire Investing LLC’s holdings in Flagstar Financial were worth $465,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. acquired a new position in shares of Flagstar Financial in the second quarter valued at approximately $33,000. Marquette Asset Management LLC acquired a new position in Flagstar Financial in the 2nd quarter worth $35,000. American National Bank & Trust acquired a new position in Flagstar Financial in the 2nd quarter worth $41,000. Geneos Wealth Management Inc. acquired a new position in Flagstar Financial in the 1st quarter worth $45,000. Finally, Harbor Capital Advisors Inc. acquired a new position in Flagstar Financial in the 2nd quarter worth $43,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FLG shares. Citigroup upped their price objective on Flagstar Financial from $15.50 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flagstar Financial in a research report on Wednesday, October 8th. TD Cowen initiated coverage on Flagstar Financial in a research report on Thursday, September 25th. They set a “hold” rating and a $14.00 price target for the company. Truist Financial upped their price target on Flagstar Financial from $12.00 to $13.50 and gave the stock a “hold” rating in a research report on Friday, September 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Flagstar Financial from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, July 1st. Five equities 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, the stock currently has an average rating of “Hold” and a consensus target price of $13.71.

Flagstar Financial Stock Performance

Shares of NYSE FLG opened at $11.39 on Monday. The stock has a 50 day moving average price of $12.12 and a 200 day moving average price of $11.66. Flagstar Financial, Inc. has a 52 week low of $8.56 and a 52 week high of $13.35. 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 stock has a market capitalization of $4.73 billion, a PE ratio of -6.90 and a beta of 1.17.

Flagstar Financial (NYSE:FLG) last released its quarterly earnings data on Wednesday, January 26th. The company reported $0.27 EPS for the quarter. The company 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%. Analysts predict that Flagstar Financial, Inc. will post -0.31 earnings per share for the current fiscal year.

Flagstar Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Sunday, September 7th were paid a $0.01 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.4%. Flagstar Financial’s dividend payout ratio (DPR) is currently -2.42%.

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.