During the last session, Flagstar Financial Inc (NYSE:FLG)’s traded shares were 0.56 million, with the beta value of the company hitting 1.01. At the end of the trading day, the stock’s price was $10.95, reflecting an intraday gain of 1.77% or $0.19. The 52-week high for the FLG share is $34.47, that puts it down -214.79 from that peak though still a striking 53.42% gain since the share price plummeted to a 52-week low of $5.10. The company’s market capitalization is $115.69M, and the average intraday trading volume over the past 10 days was 5.29 million shares, and the average trade volume was 6.19 million shares over the past three months.
Flagstar Financial Inc (NYSE:FLG) trade information
Flagstar Financial Inc (FLG) registered a 1.77% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.77% in intraday trading to $10.95, hitting a weekly high. The stock’s 5-day price performance is 1.30%, and it has moved by -7.28% in 30 days. Based on these gigs, the overall price performance for the year is -59.76%. The short interest in Flagstar Financial Inc (NYSE:FLG) is 39.34 million shares and it means that shorts have 7.2 day(s) to cover.
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The consensus price target of analysts on Wall Street is $13, which implies an increase of 15.77% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13 and $13 respectively. As a result, FLG is trading at a discount of -18.72% off the target high and -18.72% off the low.
Flagstar Financial Inc (FLG) estimates and forecasts
Statistics show that Flagstar Financial Inc has underperformed its competitors in share price, compared to the industry in which it operates. Flagstar Financial Inc (FLG) shares have gone up 13.01% during the last six months, with a year-to-date growth rate less than the industry average at -224.17% against -5.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 37.49% this quarter and then jump 64.39% in the quarter after that. In the rating firms’ projections, revenue will decrease -55.73% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 562.25M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 556.24M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 886M and 633M respectively. In this case, analysts expect current quarter sales to shrink by -36.54% and then drop by -12.13% in the coming quarter.
While earnings are projected to return -136.43% in 2024, the next five years will return 3.00% per annum.
FLG Dividends
Flagstar Financial Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Flagstar Financial Inc is 0.19, with the dividend yield indicating at 1.74 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 7.51%.
Flagstar Financial Inc (NYSE:FLG)’s Major holders
Also, the Mutual Funds coming in first place with the largest holdings of Flagstar Financial Inc (FLG) shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Sep 30, 2024 indicates that iShares Core S&P Midcap ETF owns about 9.3 shares. This amounts to just over 2.24 percent of the company’s overall shares, with a $102.49 million market value. The same data shows that the other fund manager holds slightly less at 7.9, or about 1.90% of the stock, which is worth about $87.04 million.
