Brokerages Set Flagstar Financial, Inc. (NYSE:FLG) Target Price at $13.22

Shares of Flagstar Financial, Inc. (NYSE:FLG - Get Free Report) have earned a consensus recommendation of "Hold" from the nine brokerages that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $13.22.

FLG has been the topic of a number of research reports. Stephens reissued an "equal weight" rating and issued a $12.50 price objective on shares of Flagstar Financial in a report on Thursday, June 12th. Jefferies Financial Group initiated coverage on Flagstar Financial in a report on Wednesday, May 21st. They issued a "buy" rating and a $15.00 price target for the company. JPMorgan Chase & Co. decreased their price target on Flagstar Financial from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Tuesday, July 1st. Citigroup boosted their price target on Flagstar Financial from $15.00 to $15.50 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, DA Davidson reissued a "buy" rating and issued a $14.50 price target on shares of Flagstar Financial in a report on Thursday, June 26th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Liberty 77 Capital L.P. acquired a new position in shares of Flagstar Financial during the 1st quarter worth approximately $871,500,000. Reverence Capital Partners L.P. acquired a new position in shares of Flagstar Financial during the 1st quarter worth approximately $418,101,000. Vanguard Group Inc. purchased a new stake in shares of Flagstar Financial during the first quarter worth approximately $378,161,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Flagstar Financial during the first quarter worth approximately $76,911,000. Finally, Azora Capital LP purchased a new stake in shares of Flagstar Financial during the first quarter worth approximately $74,133,000. 67.88% of the stock is owned by institutional investors and hedge funds.

Flagstar Financial Stock Up 1.1%

NYSE:FLG traded up $0.12 during mid-day trading on Friday, hitting $11.16. 5,300,747 shares of the company's stock traded hands, compared to its average volume of 6,366,844. The company has a fifty day moving average of $11.57 and a 200 day moving average of $11.26. Flagstar Financial has a twelve month low of $8.56 and a twelve month high of $13.35. The company has a market capitalization of $4.63 billion, a P/E ratio of -4.29 and a beta of 1.10. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.06 and a current ratio of 1.06.

Flagstar Financial (NYSE:FLG - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The company reported ($0.23) earnings per share for the quarter, beating analysts' consensus estimates of ($0.26) by $0.03. The business had revenue of $490.00 million for the quarter, compared to analyst estimates of $511.00 million. Flagstar Financial had a negative return on equity of 9.68% and a negative net margin of 14.21%. Flagstar Financial's quarterly revenue was down 22.6% compared to the same quarter last year. On average, analysts forecast that Flagstar Financial will post -0.31 EPS for the current year.

Flagstar Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Saturday, June 7th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Friday, June 6th. 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.