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Flagstar shares fall after weak Q3 profit and delayed turnaround targets

Investivoq PriceTracker

Flagstar Bank (FLG) is down 9.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to a weak third-quarter report, with profit attributable to common stockholders slipping to $0.01 per diluted share from $0.06 in the prior quarter. Investors also seem concerned that management pushed its financial objectives out to 2028, citing a higher-for-longer rate backdrop, pressure on credit costs, and a competitive deposit environment.

Details:

  • Third-quarter net income attributable to common stockholders fell to $3 million, or $0.01 per diluted share, down from $26 million, or $0.06 per diluted share, in the second quarter.
  • Management updated its strategic timeline and indicated that financial objectives previously targeted for 2027 have shifted to 2028.
  • Updated outlook materials showed lower earnings and profitability expectations than prior guidance, while projected loan-loss provisions moved higher.
  • Results were mixed beneath the surface, with net interest income rising from the prior quarter and commercial loan growth improving, but those positives were overshadowed by pressure from rates, credit costs, and funding competition.

    • Sources:

    Flagstar Investor Relations, SEC, PR Newswire

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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    $FLG Hedge Fund Activity

    We have seen 188 institutional investors add shares of $FLG stock to their portfolio, and 146 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • HUDSON BAY CAPITAL MANAGEMENT LP removed 24,955,183 shares (-71.9%) from their portfolio in Q2 2026, for an estimated $372,830,434
    • T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 10,042,344 shares (+321.2%) to their portfolio in Q2 2026, for an estimated $150,032,619
    • VICTORY CAPITAL MANAGEMENT INC removed 6,167,665 shares (-99.2%) from their portfolio in Q2 2026, for an estimated $92,144,915
    • MILLENNIUM MANAGEMENT LLC removed 4,775,779 shares (-93.9%) from their portfolio in Q2 2026, for an estimated $71,350,138
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 4,750,570 shares (+inf%) to their portfolio in Q2 2026, for an estimated $70,973,515
    • JUPITER ASSET MANAGEMENT LTD removed 3,529,573 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $52,731,820
    • AMERIPRISE FINANCIAL INC added 3,209,989 shares (+887.0%) to their portfolio in Q2 2026, for an estimated $47,957,235

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $FLG Price Targets

    Multiple analysts have issued price targets for $FLG recently. We have seen 10 analysts offer price targets for $FLG in the last 6 months, with a median target of $17.0.

    Here are some recent targets:

    • Timur Braziler from UBS set a target price of $18.0 on 07/07/2026
    • Jared Shaw from Barclays set a target price of $17.0 on 07/07/2026
    • Janet Lee from TD Cowen set a target price of $18.0 on 07/06/2026
    • Anthony Elian from JP Morgan set a target price of $17.0 on 07/01/2026
    • Manan Gosalia from Morgan Stanley set a target price of $15.0 on 06/29/2026
    • Manuel Navas from Piper Sandler set a target price of $17.5 on 06/26/2026
    • Benjamin Gerlinger from Citigroup set a target price of $18.0 on 06/25/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.