Professional
Added to YB: 2025-10-13
Pitch date: 2025-10-08
FLG [neutral]
Flagstar Bank, National Association
+11.42%
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
$11.99
Price Target
30.00 (+125%)
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): Former NYCB+Signature assets, raised $1B+ led by Mnuchin, new CEO Otting. Conservative loan marking/reserves vs peers. Trading 65% tangible book vs peers 140-160%. Turnaround progressing Q2, reducing CRE exposure. Expect normalization by 2026. 50-150% upside over 1-3 years.
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