How to Buy Flagstar Financial Stock
Flagstar Financial Inc
Flagstar Financial is a bank company located in New York, United States, which is part of the Financial Services sector, and is traded under the ticker FLG on the NYSE exchange.
Flagstar Financial stock last closed at $11.04, down 3.16% from the previous day, and has increased 17.2% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.03 percentage points. Flagstar Financial stock is currently +28.97% from its 52-week low of $8.56, and -17.27% from its 52-week high of $13.35.
There are currently 415.08M FLG shares outstanding. The market capitalization of FLG is $4.58B. In the last 24 hours, 6.07M FLG shares were traded.
How to Buy Flagstar Financial Stock
Wondering how to invest in Flagstar Financial stock? Here's how.
- Decide where to buy Flagstar Financial stock: You need to choose an online brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you decide where to buy Flagstar Financial stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Choose your method of payment and add your information.
- Analyze Flagstar Financial stock: The Flagstar Financial ticker symbol is FLG. Is Flagstar Financial stock a good investment? Should you buy shares of FLG? How do FLG's underlying business fundamentals look? Do top analysts think Flagstar Financial is a good buy? Why has FLG's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if FLG is a good stock to buy).
- Place your FLG purchase: Decide if you will purchase FLG shares at the current market price or use a limit order to purchase FLG shares at a given price.
- Keep tabs on your FLG investment: Create a watchlist to important updates regarding your investment in Flagstar Financial shares.
Step 1: Decide where to buy Flagstar Financial stock
You will need an online brokerage account to access the NYSE market and buy FLG stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal info so you are able to invest in FLG stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open a new brokerage account.
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Step 3: Deposit funds into your investment account
Now that you have filled out your info on investing apps, you need to deposit funds:
Watch the tutorial below to see the process of depositing funds into your new brokerage account.
Step 4: Analyze Flagstar Financial stock
After you have selected the best place to buy Flagstar Financial stock, it's crucial to analyze their stock prior to buying, so you can comprehend the risk and upside.
Flagstar Financial Numbers
FLG Due Diligence Checks
WallStreetZen was created to help part-time investors perform better fundamental analysis in less time.
You can see all of the due diligence checks on FLG's stock page.
Is FLG stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge FLG's intrinsic value.
Using relative valuations methods:
- FLG could be undervalued based on its P/B ratio of 0.56x, relative to Banks - Regional industry P/B ratio of 1.15x
You can access more valuation analysis on FLG's stock here.
FLG Financial Health
Negative Health Checks:
- FLG has a relatively high debt to equity ratio of 10.97.
- Total FLG debt is higher than 5 years ago, relative to shareholder equity.
- FLG profit margin has gone up by 0.29 percentage points in the past year, but the company is still unprofitable.
Is it a good time to buy Flagstar Financial stock, according to Wall Street analysts?
Out of 7 Equities analysts who track FLG, the consensus analyst rating on Flagstar Financial is a Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Latest FLG Analyst Upgrades/Downgrades
Jared Shaw, a bottom 8% analyst from Barclays maintains FLG with a strong buy rating and raises their FLG price target from $13.00 to $14.00, on Jan 31, 2025.
Barclays's Jared Shaw raised their price target on Flagstar Financial (NYSE: FLG) by 7.7% from $13 to $14 on 2025/01/31. The analyst maintained their Strong Buy rating on the stock.
Flagstar Financial reported its Q4 and FY 2024 earnings.
Looking ahead, Shaw said that "the company's tail risk is shrinking as credit begins turning the corner."
Earnings Report
Flagstar Financial reported:
For Q4 2024:
- Loss per share of $0.04, which beat the Zacks Consensus Estimate of $(0.50) and Q4 2023's $(0.80).
- Revenue of $625M, which beat the Zacks Consensus Estimate of $590.5M but missed Q4 2023 by 28%.
For FY 2024:
- EPS of $2.66, which beat the Zacks Consensus Estimate of $(3.02) but missed FY 2023's $(1.92).
- Revenue of $2.55B, which missed the Zacks Consensus Estimate of $2.58B but was up 56% Y/Y.
Management did not provide financial guidance in its press release.
Chairman, President & CEO Joseph M. Otting commented: "2024 was a transitional year for Flagstar.
"Despite this, the Company made tremendous progress on each of its strategic priorities and set the stage from which to grow going forward.
"Our Q4 net loss per diluted share narrowed this quarter compared to the previous quarter and significantly exceeded expectations due largely to an improving credit quality profile.
"We continued to make inroads on reducing our commercial real estate exposure and diversifying our loan portfolio. Multi-family loans declined $3.2 billion or 9% over the year, while CRE loans declined $1.8 billion or 17%. We managed down our exposures through run-off of non-relationship CRE loans, par payoffs, and strategic loan sales.
"We had another good deposit growth quarter in both our retail channel and in the private bank, despite the fact that we lowered deposit rates throughout the quarter. We also garnered some early successes in our commercial lending business, with $620 million in new commitments and a robust pipeline heading into the first quarter, as our recent hires are already making a positive impact.
"Perhaps our most important accomplishment this year is the improvement in our capital position, as measured by our CET1 ratio, which increased over 280 basis points during the year to 11.9%.
"All these trends are positive and point to the significant momentum underpinning our growth initiatives, especially in our commercial banking business.
"I am confident in management's ability to execute its 2025 strategic initiatives to transform Flagstar into a top-tier regional bank with a solid balance sheet and strong earnings power."
Nicholas Holowko, a bottom 18% analyst from UBS assumes FLG with a hold rating and announces their FLG price target of $11.50, on Dec 17, 2024.
You can dive deeper into what analysts are forecasting on the Flagstar Financial stock forecast page.
FLG Technicals
FLG Earnings
Last year, FLG revenue was $1.55B. Over the past five year, FLG's revenue has grown by 9.04% per year. This was slower than the Banks - Regional industry average of 13.05%.
Dive into FLG's earnings and revenue performance here.
Latest Insiders Trades at FLG
In the past year, insiders at FLG have not bought or sold any shares.
Research more about who owns FLG stock here.
Can I rely on FLG as an income stream?
Flagstar Financial pays a dividend of 0.36%, compared to the Banks - Regional industry's average dividend yield of 2.96%. If you owned $1,000 worth of FLG stock, you would have been paid $3.62 in the past year.
Flagstar Financial dividend payments have not consistently grown over the past decade and have not remained stable.
Get more data about Flagstar Financial dividend yield and history here.
What others are saying about FLG
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Place your FLG purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly fine for most investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact price limit, place a limit order.
Hit the Open button and eToro will place the order.
If you need more info about investing in stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your FLG investment
Now that you own some shares in FLG, you'll want to keep up with your stock purchase.
Start a watchlist to track your FLG stock.
FLG Feed
How to Buy Stock in Flagstar Financial
To summarize, here are the 6 steps for buying Flagstar Financial stock:
- Decide where to buy Flagstar Financial stock
- Create a brokerage account
- Deposit funds into your investment account
- Analyze Flagstar Financial stock
- Place your FLG purchase
- Keep tabs on your FLG investment
If you are looking for a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Flagstar Financial, add FLG to your watchlist by clicking the button below.
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