Professional
Added to YB: 2025-04-11
Pitch date: 2025-04-08
FLG [neutral]
Flagstar Bank, National Association
+31.04%
current return
Author Info
No bio for this author
Company Info
Flagstar Bank, National Association provides banking products and services in the United States. The company’s deposit products include interest-bearing checking and money market, savings, and non-interest-bearing accounts, as well as certificates of deposit.
Market Cap
$5.9B
Pitch Price
$10.20
Price Target
27.50 (+106%)
Dividend
0.28%
EV/EBITDA
N/A
P/E
-27.91
EV/Sales
N/A
Sector
Banks
Category
turnaround
Black Bear Value Partners Portfolio Holding: Flagstar Financial, Inc.
FLG (holding update): Ex-NYCB, raised $1B+ led by Mnuchin. New CEO Otting (OneWest turnaround success) revamped management, reviewed loans, sold non-core assets. Conservative credit reserve. Trading at 67% of conservative book vs peers at 140-160%. Issues resolved by 2025-2026. 50-150% upside in 1-3 years with minimal downside.
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