Flagstar Financial, Inc. (NYSE:FLG) Receives $13.71 Consensus PT from Analysts

Shares of Flagstar Financial, Inc. (NYSE:FLG) have been assigned an average recommendation of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $13.7083.

Several equities analysts recently weighed in on FLG shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Flagstar Financial in a research report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price objective on shares of Flagstar Financial from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, July 1st. Truist Financial increased their price objective on shares of Flagstar Financial from $12.00 to $13.50 and gave the stock a “hold” rating in a report on Friday, September 12th. TD Cowen assumed coverage on shares of Flagstar Financial in a research note on Thursday, September 25th. They set a “hold” rating and a $14.00 price target on the stock. Finally, Cantor Fitzgerald initiated coverage on shares of Flagstar Financial in a research note on Wednesday, September 10th. They set an “overweight” rating and a $15.00 price target on the stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. CWM LLC purchased a new position in shares of Flagstar Financial in the 2nd quarter worth about $28,000. Financial Freedom LLC purchased a new position in shares of Flagstar Financial in the 2nd quarter worth about $31,000. UMB Bank n.a. purchased a new position in shares of Flagstar Financial in the 2nd quarter worth about $33,000. Marquette Asset Management LLC purchased a new position in Flagstar Financial in the second quarter valued at approximately $35,000. Finally, American National Bank & Trust purchased a new position in Flagstar Financial in the second quarter valued at approximately $41,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

Flagstar Financial Price Performance

FLG stock opened at $11.58 on Tuesday. Flagstar Financial has a 52-week low of $8.56 and a 52-week high of $13.35. The stock’s fifty day simple moving average is $12.12 and its 200-day simple moving average is $11.68. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of -7.02 and a beta of 1.17.

Flagstar Financial (NYSE:FLG) last posted its quarterly earnings data on Wednesday, January 26th. The company reported $0.27 earnings per share (EPS) for the quarter. Flagstar Financial had a negative return on equity of 6.60% and a negative net margin of 10.83%.The business had revenue of $287.00 million for the quarter. Equities research analysts expect that Flagstar Financial will post -0.31 EPS for the current year.

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.