A significant driver of top-line growth: Flagstar Financial Inc (FLG)

With 4.28 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.28 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $11.94 whereas the lowest price it dropped to was $11.525. The 52-week range on FLG shows that it touched its highest point at $34.47 and its lowest point at $5.10 during that stretch. It currently has a 1-year price target of $12.25. With its current market cap of 112.18 million, FLG has annualized dividend of $0.07 while the current yield stands at 0.59%. Beta for the stock currently stands at 1.04.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FLG was down-trending over the past week, with a drop of -3.75%, but this was up by 13.76% over a month. Three-month performance surged to 13.33% while six-month performance rose 25.88%. The stock lost -60.28% in the past year, while it has lost -61.49% so far this year. A look at the trailing 12-month EPS for FLG yields -14.47 with Next year EPS estimates of -0.34. For the next quarter, that number is -0.55. This implies an EPS growth rate of -136.43% for this year and 90.44% for next year.

Float and Shares Shorts:

At present, 415.26 million FLG shares are outstanding with a float of 302.17 million shares on hand for trading. On 2024-11-15, short shares totaled 43.98 million, which was 1059.00005 higher than short shares on 1728950400. In addition to Mr. Reginald E. Davis as the firm’s Senior Executive VP & President of Consumer and Corporate Banking, Mr. Lee Matthew Smith serves as its Senior Executive VP & President of Mortgage.

Institutional Ownership:

Through their ownership of 0.82553 of FLG’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

In the same way, a target price assigned to a stock can also reveal much about its potential. With FLG analysts setting a high price target of 14.0 and a low target of 10.5, the average target price over the next 12 months is 12.17857. Based on these targets, FLG could surge 18.44% to reach the target high and fall by -11.17% to reach the target low. Reaching the average price target will result in a growth of 3.03% from current levels.

The surprise factor in the prior quarter was -$0.43. Based on analyst estimates, the high estimate for the next quarter is -$0.02 and the low estimate is -$0.4. The average estimate for the next quarter is thus -$0.26.