Added to YB: 2024-05-14
Pitch date: 2024-03-31
NYCB [bullish]
Flagstar Bank, National Association
+38.59%
current return
Author Info
Riverwater Partners is a Milwaukee-based investment advisory firm dedicated to responsible investing. Visit the website.
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
$9.64
Price Target
N/A
Dividend
0.28%
EV/EBITDA
N/A
P/E
-27.91
EV/Sales
N/A
Sector
Banks
Category
value
Riverwater Sustainable Value Strategy New Position: New York Community Bancorp, Inc.
NYCB: Initiated small position. Experienced team recapitalized balance sheet. Trades <50% tangible book vs banks typically >1x, many >2x. New team expected to steer bank to align valuation with industry over time.
Read full article (1 min)