Professional
Added to YB: 2025-01-16
Pitch date: 2025-01-09
FLG [bullish]
Flagstar Bank, National Association
+49.6%
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
$8.93
Price Target
22.80 (+71%)
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: Flagstar Financial down 22% in Dec, added to position. New mgmt led by Joseph Otting, raised $1B+ capital. Conservative loan book review, non-core asset sales. Trading at 51% of conservative TBV vs peers at 140-160%. Potential 50-150% upside in 1-3 years as issues resolve. Minimal downside risk.
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