Proactive investor outreach aiding Flagstar outperformance, Piper Sandler says

ReutersApr 9, 2025 10:52 AM

Piper Sandler says Flagstar Financial FLG.N management being proactive on investor outreach is a key catalyst behind the regional lender's outperformance this year

Brokerage says FLG, attending several bank industry conferences in 2025 after a long period of internal focus, has done an excellent job "of cleansing the distaste that some investors had" for the bank

Flagstar had a rocky 2024, one of the most tumultuous periods in its 165-year history, as the bank's exposure to commercial real estate loans triggered a steep selloff

FLG's moves drawing attention of new investors that didn't know the bank previously, but are intrigued by its deeply discounted valuation - brokerage

Piper Sandler says the outperformance has also been aided by a steady stream of analyst upgrades on the stock

5 of 16 brokerages rate the stock "buy" or higher and 11 "hold"; median PT $13 - data compiled by LSEG

As of last close, FLG stock up 11.5% YTD vs 19% fall in KBW Regional Banking index .KRX

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