Flagstar Financial, Inc. (NYSE:FLG) Given Consensus Rating of "Moderate Buy" by Analysts

Flagstar Financial, Inc. (NYSE:FLG - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $13.50.

A number of research firms recently commented on FLG. DA Davidson raised shares of Flagstar Financial from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $12.00 to $14.50 in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of Flagstar Financial from $11.00 to $12.50 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Citigroup lifted their price target on shares of Flagstar Financial from $15.00 to $15.50 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Jefferies Financial Group began coverage on shares of Flagstar Financial in a research note on Wednesday, May 21st. They set a "buy" rating and a $15.00 price target for the company. Finally, Wall Street Zen cut shares of Flagstar Financial from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.

Institutional Investors Weigh In On Flagstar Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLG. KLP Kapitalforvaltning AS bought a new stake in Flagstar Financial during the 1st quarter valued at about $712,000. AE Wealth Management LLC bought a new stake in Flagstar Financial during the 1st quarter valued at about $216,000. Princeton Capital Management LLC bought a new stake in Flagstar Financial during the 1st quarter valued at about $128,000. Cetera Investment Advisers bought a new stake in Flagstar Financial during the 1st quarter valued at about $885,000. Finally, Neo Ivy Capital Management bought a new stake in Flagstar Financial during the 1st quarter valued at about $2,103,000. Institutional investors own 67.88% of the company's stock.

Flagstar Financial Stock Performance

Shares of NYSE:FLG traded up $0.15 on Friday, reaching $11.76. The company's stock had a trading volume of 993,032 shares, compared to its average volume of 6,173,320. Flagstar Financial has a 52-week low of $8.56 and a 52-week high of $13.35. The company has a market cap of $4.88 billion, a P/E ratio of -3.19 and a beta of 1.14. The business has a 50-day moving average price of $11.48. 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 (NYSE:FLG - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported ($0.23) EPS for the quarter, topping analysts' consensus estimates of ($0.26) by $0.03. Flagstar Financial had a negative net margin of 17.16% and a negative return on equity of 10.72%. The business had revenue of $490.00 million during the quarter, compared to analysts' expectations of $511.00 million. Flagstar Financial's revenue was down 22.6% compared to the same quarter last year. On average, equities research analysts forecast that Flagstar Financial will post -0.31 EPS for the current fiscal year.

Flagstar Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Saturday, June 7th will be issued a dividend of $0.01 per share. 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%.

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.