DA Davidson Expects Reduced Earnings for Flagstar Financial

Flagstar Financial, Inc. (NYSE:FLG) – Equities research analysts at DA Davidson reduced their FY2025 earnings per share (EPS) estimates for shares of Flagstar Financial in a research report issued on Monday, October 27th. DA Davidson analyst P. Winter now forecasts that the company will post earnings of ($0.39) per share for the year, down from their previous forecast of ($0.38). DA Davidson currently has a “Buy” rating and a $14.50 target price on the stock. The consensus estimate for Flagstar Financial’s current full-year earnings is ($0.31) per share.

Flagstar Financial (NYSE:FLG) last announced its quarterly earnings results on Wednesday, January 26th. The company reported $0.27 earnings per share for the quarter. Flagstar Financial had a negative return on equity of 3.80% and a negative net margin of 7.06%.The company had revenue of $287.00 million during the quarter.

A number of other brokerages also recently issued reports on FLG. Cantor Fitzgerald started coverage on shares of Flagstar Financial in a report on Wednesday, September 10th. They set an “overweight” rating and a $15.00 price target on the stock. Truist Financial upped their price objective on shares of Flagstar Financial from $12.00 to $13.50 and gave the stock a “hold” rating in a research report on Friday, September 12th. JPMorgan Chase & Co. increased their target price on shares of Flagstar Financial from $12.50 to $14.00 and gave the stock a “neutral” rating in a research note on Monday. TD Cowen initiated coverage on Flagstar Financial in a research note on Thursday, September 25th. They issued a “hold” rating and a $14.00 price target for the company. Finally, Morgan Stanley set a $14.00 price target on Flagstar Financial and gave the stock an “underperform” rating in a research report on Monday, September 29th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Flagstar Financial currently has a consensus rating of “Hold” and a consensus price target of $13.88.

Flagstar Financial Price Performance

Shares of NYSE FLG opened at $11.51 on Wednesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.02 and a quick ratio of 1.01. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of -11.86 and a beta of 1.17. The firm’s 50 day simple moving average is $12.11 and its 200-day simple moving average is $11.73. Flagstar Financial has a 12 month low of $8.56 and a 12 month high of $13.35.

Institutional Inflows and Outflows

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

Flagstar Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Sunday, December 7th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, December 5th. Flagstar Financial’s dividend payout ratio (DPR) is -4.12%.

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.