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

Flagstar Financial, Inc. (NYSE:FLG - Get Free Report) has been assigned a consensus recommendation of "Hold" from the nine research firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $13.39.

Several analysts have recently weighed in on the company. Truist Financial assumed coverage on Flagstar Financial in a research note on Tuesday, May 13th. They set a "hold" rating and a $13.00 target price for the company. Jefferies Financial Group started coverage on Flagstar Financial in a research note on Wednesday, May 21st. They issued a "buy" rating and a $15.00 price target for the company. Citigroup lifted their price target on Flagstar Financial from $15.00 to $15.50 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen downgraded Flagstar Financial from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Stephens reaffirmed an "equal weight" rating and set a $12.50 target price on shares of Flagstar Financial in a report on Thursday, June 12th.

Flagstar Financial Trading Up 1.1%

Shares of FLG traded up $0.13 during trading hours on Wednesday, hitting $11.57. The stock had a trading volume of 5,151,563 shares, compared to its average volume of 4,684,151. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $4.80 billion, a P/E ratio of -4.45 and a beta of 1.13. The company's fifty day simple moving average is $11.61 and its 200 day simple moving average is $11.14. Flagstar Financial has a 12-month low of $8.56 and a 12-month high of $13.35.

Flagstar Financial (NYSE:FLG - Get Free Report) last issued its earnings results on Friday, April 25th. The company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.03. Flagstar Financial had a negative return on equity of 9.68% and a negative net margin of 14.21%. The business had revenue of $490.00 million for the quarter, compared to analyst estimates of $511.00 million. The firm's revenue for the quarter was down 22.6% compared to the same quarter last year. 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 was paid on Tuesday, June 17th. Stockholders of record on Saturday, June 7th were given a dividend of $0.01 per share. The ex-dividend date was Friday, June 6th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. Flagstar Financial's dividend payout ratio (DPR) is presently -1.54%.

Institutional Investors Weigh In On Flagstar Financial

A number of institutional investors and hedge funds have recently modified their holdings of the stock. KLP Kapitalforvaltning AS purchased a new stake in shares of Flagstar Financial in the first quarter valued at $712,000. AE Wealth Management LLC purchased a new stake in shares of Flagstar Financial in the first quarter valued at $216,000. Princeton Capital Management LLC purchased a new stake in shares of Flagstar Financial in the first quarter valued at $128,000. Cetera Investment Advisers purchased a new stake in shares of Flagstar Financial in the first quarter valued at $885,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of Flagstar Financial in the first quarter valued at $2,103,000. Institutional investors and hedge funds own 67.88% of the company's stock.

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.