Citigroup Upgrades Flagstar Financial (NYSE:FLG) to Buy

Citigroup upgraded shares of Flagstar Financial (NYSE:FLG) from a neutral rating to a buy rating in a report released on Friday, Marketbeat Ratings reports. Citigroup currently has $15.00 price target on the stock, up from their previous price target of $13.50.

A number of other equities research analysts also recently weighed in on the company. DA Davidson raised Flagstar Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $12.00 to $14.50 in a report on Friday, January 31st. Barclays boosted their price target on Flagstar Financial from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Compass Point increased their price objective on Flagstar Financial from $11.50 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. boosted their target price on shares of Flagstar Financial from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, UBS Group initiated coverage on shares of Flagstar Financial in a research report on Tuesday, December 17th. They set a “neutral” rating and a $11.50 target price for the company. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Flagstar Financial has an average rating of “Moderate Buy” and a consensus target price of $13.25.

Flagstar Financial Price Performance

Shares of FLG stock opened at $10.43 on Friday. Flagstar Financial has a one year low of $7.86 and a one year high of $13.35. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.09 and a current ratio of 1.10. The business has a fifty day moving average price of $11.85. The company has a market capitalization of $4.33 billion, a PE ratio of -2.83 and a beta of 1.17.

Flagstar Financial (NYSE:FLG) last released its quarterly earnings data on Thursday, January 30th. The company reported ($0.34) EPS for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.17. Flagstar Financial had a negative net margin of 17.16% and a negative return on equity of 10.72%. Equities research analysts anticipate that Flagstar Financial will post -0.31 EPS for the current year.

Flagstar Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, March 7th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Friday, March 7th. Flagstar Financial’s payout ratio is presently -1.08%.

Flagstar Financial Company Profile

Flagstar Financial, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company’s deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.