Flagstar Financial, Inc. (NYSE:FLG) Receives $13.50 Average PT from Brokerages

Shares of Flagstar Financial, Inc. (NYSE:FLG - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $13.50.

FLG has been the subject of several research analyst reports. Citigroup upped their price target on shares of Flagstar Financial from $15.00 to $15.50 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Barclays upped their price target 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. Wall Street Zen downgraded shares of Flagstar Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Truist Financial initiated coverage on shares of Flagstar Financial in a research report on Tuesday, May 13th. They set a "hold" rating and a $13.00 price target for the company. Finally, Jefferies Financial Group initiated coverage on shares of Flagstar Financial in a research report on Wednesday, May 21st. They set a "buy" rating and a $15.00 price target for the company.

Flagstar Financial Price Performance

NYSE:FLG traded up $0.04 during mid-day trading on Friday, hitting $11.86. The company's stock had a trading volume of 4,511,532 shares, compared to its average volume of 6,246,624. Flagstar Financial has a 1 year low of $8.56 and a 1 year high of $13.35. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.88. The company has a market capitalization of $4.92 billion, a PE ratio of -3.21 and a beta of 1.14. The business's fifty day moving average price is $11.50.

Flagstar Financial (NYSE:FLG - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported ($0.23) earnings per share for the quarter, topping analysts' consensus estimates of ($0.26) by $0.03. The business had revenue of $490.00 million during the quarter, compared to the consensus estimate of $511.00 million. Flagstar Financial had a negative net margin of 17.16% and a negative return on equity of 10.72%. The company's revenue for the quarter was down 22.6% on a year-over-year basis. Analysts anticipate that Flagstar Financial will post -0.31 EPS for the current fiscal year.

Flagstar Financial Dividend Announcement

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

Institutional Trading of Flagstar Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Liberty 77 Capital L.P. purchased a new stake in shares of Flagstar Financial during the 1st quarter valued at approximately $871,500,000. Reverence Capital Partners L.P. purchased a new stake in shares of Flagstar Financial during the 1st quarter valued at approximately $418,101,000. Vanguard Group Inc. purchased a new stake in shares of Flagstar Financial during the 1st quarter valued at approximately $378,161,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Flagstar Financial during the 1st quarter valued at approximately $76,911,000. Finally, Azora Capital LP purchased a new stake in Flagstar Financial in the first quarter valued at approximately $74,133,000. Institutional investors and hedge funds own 67.88% of the company's stock.

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.