Analysts Set Flagstar Financial, Inc. (NYSE:FLG) PT at $13.25

Shares of Flagstar Financial, Inc. (NYSE:FLG - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $13.25.

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

Flagstar Financial Trading Up 0.7 %

Shares of FLG traded up $0.08 during mid-day trading on Tuesday, reaching $11.79. 4,884,642 shares of the stock traded hands, compared to its average volume of 6,153,773. The business has a fifty day simple moving average of $11.36. The firm has a market cap of $4.89 billion, a P/E ratio of -3.20 and a beta of 1.17. 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 1 year low of $8.56 and a 1 year high of $13.35.

Flagstar Financial (NYSE:FLG - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The company reported ($0.23) EPS for the quarter, beating analysts' consensus estimates of ($0.26) by $0.03. The firm had revenue of $490.00 million during the quarter, compared to analyst estimates of $511.00 million. Flagstar Financial had a negative net margin of 17.16% and a negative return on equity of 10.72%. Flagstar Financial's revenue for the quarter was down 22.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Flagstar Financial will post -0.31 EPS for the current year.

Flagstar Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Saturday, June 7th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.04 annualized dividend and a yield of 0.34%. Flagstar Financial's payout ratio is -1.54%.

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.