Flagstar Financial, Inc. (NYSE:FLG) Receives $13.39 Consensus PT from Analysts

Flagstar Financial, Inc. (NYSE:FLG) has received an average rating of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $13.39.

Several equities analysts have commented on FLG shares. Truist Financial started coverage on shares of Flagstar Financial in a research report on Tuesday, May 13th. They issued a “hold” rating and a $13.00 price target for the company. Jefferies Financial Group initiated coverage on shares of Flagstar Financial in a report on Wednesday, May 21st. They issued a “buy” rating and a $15.00 price objective on the stock. Stephens reaffirmed an “equal weight” rating and set a $12.50 price objective on shares of Flagstar Financial in a research report on Thursday, June 12th. Citigroup lifted their price objective on shares of Flagstar Financial from $15.00 to $15.50 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Finally, Wall Street Zen cut shares of Flagstar Financial from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.

Institutional Investors Weigh In On Flagstar Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. acquired a new stake in Flagstar Financial during the 1st quarter worth $45,000. Brooklyn Investment Group purchased a new stake in shares of Flagstar Financial in the first quarter valued at about $51,000. Arete Wealth Advisors LLC purchased a new stake in shares of Flagstar Financial in the first quarter valued at about $94,000. Bayforest Capital Ltd purchased a new stake in shares of Flagstar Financial in the first quarter valued at about $97,000. Finally, Strs Ohio purchased a new stake in shares of Flagstar Financial in the first quarter valued at about $102,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Flagstar Financial Stock Performance

Shares of FLG stock opened at $11.57 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.85. Flagstar Financial has a 52 week low of $8.56 and a 52 week high of $13.35. The stock has a market capitalization of $4.80 billion, a PE ratio of -4.45 and a beta of 1.13. The firm has a 50 day moving average of $11.61 and a two-hundred day moving average of $11.15.

Flagstar Financial (NYSE:FLG) last issued its quarterly earnings results on Friday, April 25th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.03. Flagstar Financial had a negative net margin of 14.21% and a negative return on equity of 9.68%. The company had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $511.00 million. The business’s quarterly revenue was down 22.6% compared to the same quarter last year. On average, research analysts predict that Flagstar Financial will post -0.31 EPS for the current fiscal year.

Flagstar Financial Announces Dividend

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

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.