Why Flagstar Financial (FLG) Stock Is Up Today [Yahoo! Finance]
Flagstar Bank, N.A. (FLG)
Company Research
Source: Yahoo! Finance
session after the company announced plans to expand its investment office as it pushed to recover from its commercial real estate exposure. A top executive told Reuters that Flagstar Bank intended to build out its wealth management division and would begin hiring soon. This plan was part of a larger effort to find a steady source of income and reduce its reliance on distressed commercial real estate lending, which had hurt its results in the previous year. The bank's Chief Investment Officer of private banking and wealth management, Brett Mitstifer, said he was looking to hire several people during the year and would follow that with two or three times that amount in the next year. These efforts followed a leadership shake-up and a $1 billion capital infusion. Investors showed support for the turnaround, with the bank's shares having gained about 25% during the year. After the initial pop the shares cooled down to $12.07, up 3.4% from previous close. Is now the time to buy Flags
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News
- Flagstar Bank, National Association (NYSE:FLG) had its "buy" rating reaffirmed by analysts at DA Davidson. They now have a $14.50 price target on the stock.MarketBeat
- 3 Reasons FLG is Risky and 1 Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
- Flagstar Bank, National Association (NYSE:FLG) had its price target lowered by analysts at UBS Group AG from $13.00 to $11.50. They now have a "neutral" rating on the stock.MarketBeat
- FLAGSTAR BANK, N.A. DECLARES QUARTERLY CASH DIVIDENDS ON ITS COMMON STOCK AND PREFERRED STOCKSPR Newswire
- Flagstar Financial (NYSE:FLG) had its "buy" rating reaffirmed by analysts at DA Davidson. They now have a $14.50 price target on the stock.MarketBeat