Flagstar Financial, Inc. (NYSE:FLG) Receives $13.25 Consensus PT from Analysts

Shares of Flagstar Financial, Inc. (NYSE:FLG) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $13.25.

A number of equities research analysts have recently issued reports on FLG shares. Barclays upped their target price on shares of Flagstar Financial from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on Flagstar Financial from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. Citigroup raised shares of Flagstar Financial from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $13.50 to $15.00 in a report on Friday, April 4th. UBS Group assumed coverage on Flagstar Financial in a report on Tuesday, December 17th. They set a “neutral” rating and a $11.50 price target on the stock. Finally, DA Davidson upgraded shares of Flagstar Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $12.00 to $14.50 in a research report on Friday, January 31st.

Flagstar Financial Stock Down 1.6 %

FLG opened at $10.37 on Friday. The stock’s 50 day simple moving average is $11.89. Flagstar Financial has a 52-week low of $7.86 and a 52-week high of $13.35. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $4.30 billion, a P/E ratio of -2.81 and a beta of 1.17.

Flagstar Financial (NYSE:FLG) last announced its quarterly earnings results on Thursday, January 30th. The company reported ($0.34) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.51) by $0.17. Flagstar Financial had a negative return on equity of 10.72% and a negative net margin of 17.16%. Research analysts anticipate that Flagstar Financial will post -0.31 earnings per share for the current year.

Flagstar Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, March 7th were paid a $0.01 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.04 annualized dividend and a yield of 0.39%. Flagstar Financial’s dividend payout ratio is presently -1.08%.

About Flagstar Financial

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.