Professional
Added to YB: 2025-10-13
Pitch date: 2025-10-08
FLG [neutral]
Flagstar Bank, National Association
+7.33%
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
$11.99
Price Target
30.00 (+133%)
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): 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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