Professional
Added to YB: 2025-07-15
Pitch date: 2025-07-10
FLG [neutral]
Flagstar Bank, National Association
+12.82%
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
$11.41
Price Target
28.20 (+119%)
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): Restructured former NY Community Bank w/ $1B+ capital raise led by Mnuchin. Superstar CEO Otting, conservative loan reserves unlike SHORT candidates. Q1'25 NIM stabilized at 1.74%, costs -20% YoY, loan commitments +32%, CET1 11.9%. Trading 60% of conservative TBV vs peers at 140-160%. Profitability by end-2025, 50-150% upside over 1-3 years.
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