DA Davidson Forecasts Higher Earnings for Flagstar Financial

Flagstar Financial, Inc. (NYSE:FLG - Free Report) - Stock analysts at DA Davidson upped their FY2025 earnings estimates for Flagstar Financial in a research report issued on Monday, April 28th. DA Davidson analyst P. Winter now forecasts that the company will post earnings of ($0.31) per share for the year, up from their prior forecast of ($0.34). DA Davidson has a "Buy" rating and a $14.50 price target on the stock. The consensus estimate for Flagstar Financial's current full-year earnings is ($0.31) per share.

Several other brokerages have also weighed in on FLG. Barclays lifted their price target on Flagstar Financial from $13.00 to $14.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Citigroup upgraded Flagstar Financial from a "neutral" rating to a "buy" rating and increased their target price for the company from $13.50 to $15.00 in a research report on Friday, April 4th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Flagstar Financial from $11.00 to $12.50 and gave the company a "neutral" rating in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Flagstar Financial presently has an average rating of "Moderate Buy" and an average price target of $13.25.

Flagstar Financial Price Performance

Shares of Flagstar Financial stock remained flat at $12.05 during trading hours on Wednesday. 2,776,926 shares of the company's stock were exchanged, compared to its average volume of 6,114,944. The company has a fifty day moving average of $11.36. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.09 and a current ratio of 1.10. Flagstar Financial has a 1-year low of $8.56 and a 1-year high of $13.35. The company has a market cap of $5.00 billion, a PE ratio of -3.27 and a beta of 1.14.

Flagstar Financial (NYSE:FLG - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.26) by $0.03. Flagstar Financial had a negative return on equity of 10.72% and a negative net margin of 17.16%. The company had revenue of $490.00 million during the quarter, compared to the consensus estimate of $511.00 million. The firm's revenue was down 22.6% compared to the same quarter last year.

Flagstar Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Saturday, June 7th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.04 dividend on an annualized basis and a yield of 0.33%. Flagstar Financial's payout ratio is -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.