Black Bear Value Fund’s Views on Flagstar Financial (FLG)

1 week ago 3

Soumya Eswaran

Wed, Apr 9, 2025, 5:11 AM 4 min read

Black Bear Value Partners, an concern absorption firm, published its first-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. Black Bear Value Fund returned +0.8% successful March and -1.3% YTD and the S&P 500 returned -5.7% successful March and -4.3% YTD. HFRI Value Index returned -2.0% successful March and -0.5% YTD. In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2025.

In its archetypal 4th 2025 capitalist letter, Black Bear Value Fund emphasized stocks specified arsenic Flagstar Financial, Inc. (NYSE:FLG). Flagstar Financial, Inc. (NYSE:FLG) is simply a slope holding institution that provides banking products and services. The one-month instrumentality of Flagstar Financial, Inc. (NYSE:FLG) was -10.81%, and its shares gained 17.12% of their worth implicit the past 52 weeks. On April 8, 2025, Flagstar Financial, Inc. (NYSE:FLG) banal closed astatine $10.40 per stock with a marketplace capitalization of $4.31 billion.

Black Bear Value Fund stated the pursuing regarding Flagstar Financial, Inc. (NYSE:FLG) successful its Q1 2025 capitalist letter:

"Flagstar Financial, Inc. (NYSE:FLG) is the erstwhile New York Community Bank (a mashup of Flagstar Bank, New York Community Bank and assets from Signature Bank). Like our SHORT investments successful Silicon Valley Bank and First Republic, FLG had a spread successful their equilibrium expanse (from soured multifamily and bureau existent property vs. agelong duration securities). That is wherever the similarities end.