The stock of Flagstar Financial Inc (NYSE:FLG) last traded at $11.89, up 1.97% from the previous session.
FLG stock price is now 15.80% away from the 50-day moving average and 14.13% away from the 200-day moving average. The market capitalization of the company currently stands at $4.94B.
With the price target enhanced from $12 to $14.50, DA Davidson Upgraded its rating from Neutral to Buy for Flagstar Financial Inc (NYSE: FLG). , while ‘Barclays’ 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 $0.77 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 27.24% 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 $17.94. The fifty day moving average price for FLG is $10.248 and a two-hundred day moving average price translates $10.40325 for the stock.
The latest earnings results from Flagstar Financial Inc (NYSE: FLG) was released for 2024-09-30. The net profit margin was -17.68% and return on equity was -13.16% 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.
