Flagstar Financial’s (FLG) “Equal Weight” Rating Reaffirmed at Stephens

Stephens reiterated their equal weight rating on shares of Flagstar Financial (NYSE:FLG) in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a $12.50 target price on the stock.

A number of other analysts have also issued reports on the company. Wall Street Zen lowered Flagstar Financial from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Jefferies Financial Group assumed coverage on Flagstar Financial in a research note on Wednesday, May 21st. They set a “buy” rating and a $15.00 price objective on the stock. Citigroup boosted their price objective on Flagstar Financial from $15.00 to $15.50 and gave the company a “buy” rating in a research note on Thursday, May 15th. Finally, Truist Financial assumed coverage on Flagstar Financial in a research note on Tuesday, May 13th. They set a “hold” rating and a $13.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Flagstar Financial has an average rating of “Hold” and a consensus target price of $13.39.

Flagstar Financial Stock Performance

Shares of FLG opened at $11.41 on Thursday. The firm has a market cap of $4.74 billion, a PE ratio of -3.09 and a beta of 1.13. The stock’s fifty day moving average price is $11.51 and its two-hundred day moving average price is $11.17. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.10 and a quick ratio of 1.09. Flagstar Financial has a 1 year low of $8.56 and a 1 year high of $13.35.

Flagstar Financial (NYSE:FLG) last issued its earnings results on Friday, April 25th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.03. The firm had revenue of $490.00 million for the quarter, compared to analyst estimates of $511.00 million. Flagstar Financial had a negative return on equity of 10.72% and a negative net margin of 17.16%. The firm’s revenue was down 22.6% on a year-over-year basis. On average, equities research analysts forecast that Flagstar Financial will post -0.31 EPS for the current year.

Flagstar Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Saturday, June 7th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Friday, June 6th. Flagstar Financial’s payout ratio is -1.54%.

Hedge Funds Weigh In On Flagstar Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. purchased a new position in Flagstar Financial during the first quarter worth about $45,000. Brooklyn Investment Group purchased a new position in shares of Flagstar Financial in the 1st quarter worth about $51,000. Arete Wealth Advisors LLC purchased a new position in shares of Flagstar Financial in the 1st quarter worth about $94,000. Bayforest Capital Ltd purchased a new position in shares of Flagstar Financial in the 1st quarter worth about $97,000. Finally, Strs Ohio purchased a new position in shares of Flagstar Financial in the 1st quarter worth about $102,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

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.