DA Davidson Raises Earnings Estimates for Flagstar Financial

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

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

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

Flagstar Financial Price Performance

FLG opened at $11.92 on Wednesday. Flagstar Financial has a 1 year low of $7.86 and a 1 year high of $13.35. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 1.88. The stock has a market cap of $4.94 billion, a P/E ratio of -3.23 and a beta of 1.17. The business's fifty day moving average price is $11.37.

Flagstar Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Saturday, June 7th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.04 annualized dividend and a dividend yield of 0.34%. Flagstar Financial's payout ratio is presently -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.

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