Professional
Added to YB: 2025-04-11
Pitch date: 2025-04-08
FLG [neutral]
Flagstar Bank, National Association
+26.82%
current return
Author Info
No bio for this author
Company Info
Flagstar Bank, National Association operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States.
Market Cap
$4.9B
Pitch Price
$10.20
Price Target
27.50 (+114%)
Dividend
0.34%
EV/EBITDA
N/A
P/E
-11.31
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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