Flagstar Financial, Inc. (NYSE:FLG) Receives Average Rating of "Hold" from Brokerages

Key Points

• Flagstar Financial, Inc. has received an average rating of "Hold" from eleven brokerages, with a consensus price target of $13.68.
• The company's recent quarterly earnings showed a loss of ($0.14) per share, which was below analysts' estimates, and their revenue decreased by 26.1% year-over-year.
• Flagstar Financial recently announced a quarterly dividend of $0.01, indicating a low annual yield of 0.3%.

Flagstar Financial, Inc. (NYSE:FLG - Get Free Report) has earned an average recommendation of "Hold" from the eleven brokerages that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $13.6818.

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut 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. Cantor Fitzgerald assumed coverage on Flagstar Financial in a research note on Wednesday, September 10th. They issued an "overweight" rating and a $15.00 target price for the company. Truist Financial upped their target price on Flagstar Financial from $12.00 to $13.50 and gave the company a "hold" rating in a research note on Friday, September 12th. Stephens reiterated an "equal weight" rating and issued a $12.50 target price on shares of Flagstar Financial in a research note on Thursday, June 12th. Finally, Citigroup upped their target price on Flagstar Financial from $15.50 to $16.50 and gave the company a "buy" rating in a research note on Tuesday, August 26th.

Institutional Investors Weigh In On Flagstar Financial

Institutional investors have recently added to or reduced their stakes in the company. CWM LLC purchased a new stake in Flagstar Financial during the second quarter valued at about $28,000. Financial Freedom LLC purchased a new stake in Flagstar Financial during the second quarter valued at about $31,000. UMB Bank n.a. purchased a new stake in Flagstar Financial during the second quarter valued at about $33,000. Marquette Asset Management LLC purchased a new stake in shares of Flagstar Financial in the second quarter worth about $35,000. Finally, American National Bank & Trust purchased a new stake in shares of Flagstar Financial in the second quarter worth about $41,000. Hedge funds and other institutional investors own 67.88% of the company's stock.

Flagstar Financial Stock Performance

NYSE FLG opened at $11.56 on Friday. Flagstar Financial has a fifty-two week low of $8.56 and a fifty-two week high of $13.35. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of -7.01 and a beta of 1.20. The business has a fifty day moving average of $12.11 and a 200-day moving average of $11.68. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.74.

Flagstar Financial (NYSE:FLG - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The company reported ($0.14) earnings per share 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 company had revenue of $496.00 million during the quarter, compared to analyst estimates of $524.33 million. Flagstar Financial's revenue for the quarter was down 26.1% compared to the same quarter last year. As a group, 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 announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Sunday, September 7th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, September 5th. Flagstar Financial's dividend payout ratio is presently -2.42%.

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.

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