Jefferies Initiates Buy Rating on Flagstar Financial Preferred Stock

Fintel reports that on May 21, 2025, Jefferies began coverage of Flagstar Financial, Inc. – Preferred Stock (NYSE: FLG.PRA) with a Buy recommendation.

Fund Sentiment Overview

Currently, 18 funds or institutions are reporting positions in Flagstar Financial, Inc. – Preferred Stock. This reflects a decrease of 1 owner, or 5.26%, compared to the previous quarter. The average portfolio weight of all funds allocated to FLG.PRA is 1.58%, which shows an increase of 12.19%. Additionally, total shares owned by institutions rose by 1.05% in the last three months, totaling 7,342K shares.

Activity Among Other Shareholders

The Virtus InfraCap U.S. Preferred Stock ETF (PFFA) holds 1,970K shares, an increase from 1,799K shares previously reported, equating to a growth of 8.67%. This firm also raised its portfolio allocation in FLG.PRA by 9.95% over the past quarter.

In contrast, the iShares Preferred and Income Securities ETF (PFF) now holds 1,915K shares, a decrease from 1,983K shares, which is a reduction of 3.52%. However, this firm modestly increased its portfolio allocation in FLG.PRA by 0.42% last quarter.

Flaherty & Crumrine Preferred Securities Income Fund maintains a steady holding of 1,006K shares with no changes reported over the last quarter. Meanwhile, the Flaherty & Crumrine Dynamic Preferred & Income Fund holds 565K shares, also unchanged.

Lastly, the Global X U.S. Preferred ETF (PFFD) decreased its holdings from 422K shares to 387K shares, reflecting a drop of 9.05%, with a slight reduction in portfolio allocation in FLG.PRA by 0.14% over the last quarter.

The views and opinions expressed herein are those of the author and do not necessarily reflect any official stance of Nasdaq, Inc.