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.
Check Out Our Latest Report on Flagstar Financial
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
(
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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.
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