Flagstar Financial Inc (NYSE:FLG) has a beta value of 1.04 and has seen 1.15 million shares traded in the recent trading session. The company, currently valued at $110.78M, closed the recent trade at $11.91 per share which meant it lost -$0.37 on the day or -3.05% during that session. The FLG stock price is -189.42% off its 52-week high price of $34.47 and 57.18% above the 52-week low of $5.10. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.24 million shares traded. The 3-month trading volume is 6.25 million shares.
Flagstar Financial Inc (NYSE:FLG) trade information
Sporting -3.05% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the FLG stock price touched $11.91 or saw a rise of 8.03%. Year-to-date, Flagstar Financial Inc shares have moved -61.21%, while the 5-day performance has seen it change 9.33%. Over the past 30 days, the shares of Flagstar Financial Inc (NYSE:FLG) have changed 12.21%. Short interest in the company has seen 39.34 million shares shorted with days to cover at 7.2.
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Wall Street analysts have a consensus price target for the stock at $13, which means that the shares’ value could jump 8.38% from the levels at last check today. The projected low price target is $13.0 while the price target rests at a high of $13.0. In that case, then, we find that the latest price level in today’s session is -9.15% off the targeted high while a plunge would see the stock gain -9.15% from the levels at last check today.
Flagstar Financial Inc (FLG) estimates and forecasts
Figures show that Flagstar Financial Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 22.49% over the past 6 months, with this year growth rate of -224.17%, compared to -5.10% for the industry. Revenue growth from the last financial year stood is estimated to be -55.73%.
6 analysts offering their estimates for the company have set an average revenue estimate of 562.25M for the current quarter. 6 have an estimated revenue figure of 556.24M for the next ending quarter. Year-ago sales stood 886M and 633M respectively for this quarter and the next, and analysts expect sales will shrink by -36.54% for the current quarter and -55.73% for the next.
Earnings growth for 2024 is a modest -136.43% while over the next 5 years, the company’s earnings are expected to increase by 3.00%.
FLG Dividends
Flagstar Financial Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.19 at a share yield of 1.60%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 7.51%.
Flagstar Financial Inc (NYSE:FLG)’s Major holders
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 2.24% shares in the company for having 9.3 shares of worth $109.09 million while later fund manager owns 7.9 shares of worth $92.65 million as of Jun 30, 2024, which makes it owner of about 1.90% of company’s outstanding stock.
