Stocks of Flagstar Financial Inc (NYSE:FLG) traded higher last session on Wall Street, up 8.53% to $11.70.
FLG stock price is now 4.64% away from the 50-day moving average and 9.97% away from the 200-day moving average. The market capitalization of the company currently stands at $123.95M.
With the price target maintained at $14, Barclays recently Upgraded its rating from Equal Weight to Overweight for Flagstar Financial Inc (NYSE: FLG). On May 01, 2024, Wedbush Upgraded its previous ‘Underperform’ rating to ‘Neutral’ on the stock increasing its target price from $3 to quote $3.50, while ‘Piper Sandler’ rates the stock as ‘Overweight’
In other news, Lux Marshall, Director bought 27,100 shares of the company’s stock on Mar 21 ’24. The stock was bought for $99,891 at an average price of $3.69. Upon completion of the transaction, the Director now directly owns 64,872 shares in the company, valued at $0.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 09 ’24, SEVP & COO Signorille-Browne Julie bought 2,000 shares of the business’s stock. A total of $9,520 was incurred on buying the stock at an average price of $4.76. This leaves the insider owning 22,188 shares of the company worth $0.26 million. A total of 27.21% of the company’s stock is owned by insiders.
During the past 12 months, Flagstar Financial Inc has had a low of $5.10 and a high of $34.47. The fifty day moving average price for FLG is $11.1814 and a two-hundred day moving average price translates $10.6392 for the stock.
The latest earnings results from Flagstar Financial Inc (NYSE: FLG) was released for 2024-09-30. The net profit margin was -56.90% and return on equity was -36.96% for FLG. The company reported revenue of $1.53 billion for the quarter, compared to $1.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.46 percent.
