Flagstar Financial, Inc. (NYSE:FLG) Receives $13.25 Consensus Price Target from Analysts

Flagstar Financial, Inc. (NYSE:FLG - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $13.25.

FLG has been the subject of several recent analyst reports. Citigroup raised Flagstar Financial from a "neutral" rating to a "buy" rating and raised their target price for the stock from $13.50 to $15.00 in a research note on Friday, April 4th. Barclays raised their price objective on shares of Flagstar Financial from $13.00 to $14.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on shares of Flagstar Financial from $11.00 to $12.50 and gave the company a "neutral" rating in a research report on Friday, January 31st. Finally, DA Davidson upgraded shares of Flagstar Financial from a "neutral" rating to a "buy" rating and raised their price target for the stock from $12.00 to $14.50 in a report on Friday, January 31st.

Flagstar Financial Price Performance

NYSE FLG traded up $0.27 on Tuesday, reaching $12.05. The company had a trading volume of 6,519,299 shares, compared to its average volume of 6,158,212. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of -3.27 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.88. Flagstar Financial has a fifty-two week low of $8.56 and a fifty-two week high of $13.35. The business has a 50 day moving average price of $11.36.

Flagstar Financial (NYSE:FLG - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.03. The company had revenue of $490.00 million during 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 company's revenue was down 22.6% on a year-over-year basis. As a group, research analysts predict that Flagstar Financial will post -0.31 earnings per share for the current fiscal year.

Flagstar Financial Announces Dividend

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