Flagstar Financial, Inc. (NYSE:FLG) Receives $13.33 Consensus PT from Analysts

Key Points

• Flagstar Financial, Inc. has received a consensus rating of "Hold" from nine research firms, with five analysts recommending holding the stock and four recommending buying it.
• The company's recent earnings report revealed a loss of ($0.14) earnings per share, falling short of the expected ($0.12), and a year-over-year revenue decline of 26.1% to $496 million.
• Flagstar Financial's quarterly dividend of $0.01, to be paid on September 17th, reflects a modest annual yield of 0.3% and a negative payout ratio of -2.42%.

Flagstar Financial, Inc. (NYSE:FLG - Get Free Report) has earned an average recommendation of "Hold" from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $13.3333.

A number of research analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Flagstar Financial in a research note on Wednesday, May 21st. They issued a "buy" rating and a $15.00 price target for the company. 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. Citigroup raised their price objective on shares of Flagstar Financial from $15.50 to $16.50 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Stephens reissued an "equal weight" rating and set a $12.50 price objective on shares of Flagstar Financial in a report on Thursday, June 12th. Finally, DA Davidson reissued a "buy" rating and set a $14.50 price objective on shares of Flagstar Financial in a report on Thursday, June 26th.

Flagstar Financial Price Performance

Flagstar Financial stock remained flat at $12.83 during trading on Monday. 3,665,431 shares of the company were exchanged, compared to its average volume of 5,570,053. Flagstar Financial has a one year low of $8.56 and a one year high of $13.35. The firm has a 50-day moving average of $11.72 and a 200 day moving average of $11.65. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $5.33 billion, a PE ratio of -7.78 and a beta of 1.20.

Flagstar Financial (NYSE:FLG - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.02). Flagstar Financial had a negative return on equity of 6.60% and a negative net margin of 10.83%.The firm had revenue of $496.00 million during the quarter, compared to analysts' expectations of $524.33 million. The company's quarterly revenue was down 26.1% compared to the same quarter last year. On average, equities analysts predict that Flagstar Financial will post -0.31 EPS for the current fiscal year.

Flagstar Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Sunday, September 7th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 5th. Flagstar Financial's payout ratio is presently -2.42%.

Hedge Funds Weigh In On Flagstar Financial

Institutional investors have recently modified their holdings of the business. CWM LLC acquired a new position in shares of Flagstar Financial in the 2nd quarter valued at $28,000. Financial Freedom LLC acquired a new position in shares of Flagstar Financial in the 2nd quarter valued at $31,000. UMB Bank n.a. acquired a new position in shares of Flagstar Financial in the 2nd quarter valued at $33,000. Marquette Asset Management LLC acquired a new position in shares of Flagstar Financial in the 2nd quarter valued at $35,000. Finally, American National Bank & Trust acquired a new position in shares of Flagstar Financial in the 2nd quarter valued at $41,000. 67.88% of the stock is owned by institutional investors and hedge funds.

Flagstar Financial Company Profile

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.