Flagstar Financial, Inc. (FLG)
| Market Cap | 3.76B |
| Revenue (ttm) | 1.43B |
| Net Income (ttm) | -3.65B |
| Shares Out | 415.11M |
| EPS (ttm) | -12.71 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $0.04 (0.44%) |
| Ex-Dividend Date | Dec 6, 2024 |
| Volume | 2,350,814 |
| Open | 9.00 |
| Previous Close | 9.03 |
| Day's Range | 8.82 - 9.07 |
| 52-Week Range | 5.10 - 31.86 |
| Beta | 1.04 |
| Analysts | Hold |
| Price Target | 12.13 (+34.03%) |
| Earnings Date | Feb 15, 2025 |
About FLG
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. Its loan products comprise multi-family loans; commercial real estate loans; acquisition, development, and construction loans; commercial and industrial loans; one-to-four family loans; specialty finance loans and leases; w... [Read more]
Analyst Forecast
According to 4 analysts, the average rating for FLG stock is "Hold." The 12-month stock price forecast is $12.13, which is an increase of 34.03% from the latest price.
News
Flagstar Financial: A Unique Buy-The-Dip Opportunity
Flagstar Financial, Inc. is revamping its balance sheet, targeting substantial earnings improvement by 2027, with a current market cap of $4 billion. The company has improved its liquidity profile, wi...
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel F...
FLAGSTAR FINANCIAL, INC. NAMES LEE SMITH AS CHIEF FINANCIAL OFFICER
HICKSVILLE, N.Y. , Dec. 13, 2024 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE: FLG) ( the "Company"), today announced the appointment of Lee Smith as Senior Executive Vice President and Chief Financ...
FLAGSTAR FINANCIAL, INC. APPOINTS BRIAN CALLANAN TO BOARD OF DIRECTORS
HICKSVILLE, N.Y. , Dec. 13, 2024 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE: FLG) (the "Company") today announced the appointment of Brian Callanan, Senior Managing Director and General Counsel at...
Flagstar (NYCB): Solvency Assured, Still Valued As If It's An Issue
Flagstar Financial's Q3 results disappointed due to increased loan loss provisions and lower net interest income/margin, but these concerns are overblown and already priced in. Noninterest income is e...
U.S. Bank Stocks Surge After Election To Highest Valuation Level In 2024
Investors bid up bank stocks following President-elect Donald Trump's victory in the 2024 presidential election. The median total return in November for the 211 banks in a S&P Global Market Intelligen...
FLAGSTAR BANK CLOSES ON THE SALE OF ITS MORTGAGE SERVICING AND THIRD-PARTY ORIGINATION BUSINESS TO MR. COOPER
HICKSVILLE, N.Y. , Nov. 1, 2024 /PRNewswire/ -- Flagstar Bank, N.A.
FLAGSTAR BANK COMMEMORATES NEW BRANCH OPENING IN BROOKYLN'S BEDFORD-STUYVESANT NEIGHBORHOOD WITH COMMUNITY EVENT AND $50,000 DONATION
- Full-service branch offering banking services and financial education - Grants $50,000 CRA for Neighborhood Housing Services of Brooklyn Bedford-Stuyvesant CDC HICKSVILLE, N.Y. , Oct. 30, 2024 /PRNe...
FLAGSTAR BANK APPOINTS SENIOR LEADERS TO ELEVATE TECHNOLOGY INNOVATION AND RISK OVERSIGHT
Christopher Higgins named Chief Information Officer, solidifies executive management buildout Rich Martin named Head of Credit Review, bolsters risk management oversight Each brings, respectively, ne...
NEW YORK COMMUNITY BANCORP, INC. DECLARES QUARTERLY CASH DIVIDENDS ON ITS COMMON STOCK AND PREFERRED STOCKS
HICKSVILLE, N.Y. , Oct. 25, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that its Board of Directors declared a quarterly cash dividend of $0.01 p...
New York Community Bancorp: A New Chapter Begins
New York Community Bancorp (soon Flagstar Financial) is in a transitional phase, marked by asset diversification, deposit growth, and cost reduction efforts. NYCB Q3 results showed a loss of $0.69 per...
New York Community Bancorp, Inc. (NYCB) Q3 2024 Earnings Call Transcript
New York Community Bancorp, Inc. (NYSE:NYCB) Q3 2024 Earnings Call Transcript October 25, 2024 8:00 AM ET Company Participants Sal DiMartino - Director of IR Joseph Otting - Chairman, President and C...
Flagstar, formerly NYCB, reports a wider-than-expected loss as charge-offs jump
The bank formerly known as NYCB reported another wider-than-expected quarterly loss and provided a downbeat outlook.
NYCB reports third-quarter loss on bigger rainy-day funds
New York Community Bancorp reported a loss for the third quarter on Friday as the regional lender set aside more reserves to cover potential loan losses.
NEW YORK COMMUNITY BANCORP, INC. REPORTS THIRD QUARTER 2024 GAAP NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $0.79 PER DILUTED SHARE AND NON-GAAP NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $0.69 PER DILUTED SHARE
STRONG MOMENTUM CONTINUES WITH OUR TURNAROUND STRATEGY AS DEPOSITS GREW ANOTHER $4 BILLION OR 5% AND MORE KEY HIRES JOIN WHOLESALE BORROWINGS DECREASED OVER 30% AND A LOAN TO DEPOSIT RATIO OF 86% MAIN...
NYCB's Flagstar unit to cut around 700 jobs
U.S. regional lender Flagstar Bank, a unit of New York Community Bancorp , said on Thursday it will lay off around 700 employees, or 8% of its workforce, amid efforts to turn around its struggling bus...
FLAGSTAR BANK IMPLEMENTS WORKFORCE CHANGES AS PART OF ITS CONTINUED TRANSFORMATION AND COST REDUCTION STRATEGY
HICKSVILLE, N.Y. , Oct. 17, 2024 /PRNewswire/ -- Flagstar Bank, N.A.
NEW YORK COMMUNITY BANCORP, INC. TO REPORT THIRD QUARTER 2024 EARNINGS AND HOST CONFERENCE CALL ON OCTOBER 25TH
HICKSVILLE, N.Y. , Oct. 17, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that it plans to issue results for the three and nine months ended Septem...
New York Bancorp changes name to its subsidiary Flagstar Financial
New York Community Bancorp said on Tuesday it has changed its name to Flagstar Financial and its stock symbol to "FLG."
NEW YORK COMMUNITY BANCORP, INC. CHANGES NAME TO FLAGSTAR FINANCIAL, INC. AND STOCK SYMBOL TO FLG
HICKSVILLE, N.Y., Oct. 15, 2024 /PRNewswire/ -- New York Community Bancorp, Inc., (NYSE: NYCB) (the "Company"), the holding company of Flagstar Bank, N.A., today announced that its Board of Directors ...
The Making Of A Value Trap In New York Community Bancorp
Q2 results for New York Community Bancorp Inc. were awful. Management is selling you hopes and dreams of a strong recovery in 2-3 years. We tell you why the senior security is better than the common s...
FLAGSTAR BANK COLLECTS OVER 2,000 LBS OF NON-PERISHABLE FOOD FOR FORGOTTEN HARVEST
Kroger announced it will match Flagstar donations pound-for-pound resulting in 4,000 meals for metro Detroit families in need. HICKSVILLE, N.Y.
FLAGSTAR BANK RECOGNIZED WITH ABA DIVERSITY, EQUITY AND INCLUSION AWARD
HICKSVILLE, N.Y. , Oct. 3, 2024 /PRNewswire/ -- Flagstar Bank, N.A.
Value Gap Is Closing For New York Community Bank
NYCB's price still sits at a deep discount to its balance sheet, and due diligence by new management of its loans has raised confidence. The turnaround story focuses on reducing noninterest expenses a...