Professional
Added to YB: 2025-01-16
Pitch date: 2025-01-09
FLG [bullish]
Flagstar Bank, National Association
+44.11%
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
$8.93
Price Target
22.80 (+77%)
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: Flagstar Financial down 22% in Dec, added to position. New mgmt led by Joseph Otting, raised $1B+ capital. Conservative loan book review, non-core asset sales. Trading at 51% of conservative TBV vs peers at 140-160%. Potential 50-150% upside in 1-3 years as issues resolve. Minimal downside risk.
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