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

Key Points

• Flagstar Financial, Inc. has received an average recommendation of "Hold" from 13 analysts, with two analysts issuing sell ratings, six holding, and five recommending to buy the stock.
• The company's current market capitalization is $4.80 billion, with a stock price fluctuating between a 12-month low of $8.56 and a high of $13.35.
• Flagstar recently paid a quarterly dividend of $0.01, representing an annualized yield of 0.3%, while the company's payout ratio is currently -2.42%.

Shares of Flagstar Financial, Inc. (NYSE:FLG - Get Free Report) have been assigned a consensus recommendation of "Hold" from the thirteen brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $13.7083.

A number of equities analysts recently weighed in on the stock. Citigroup boosted their price target on shares of Flagstar Financial from $15.50 to $16.50 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. TD Cowen began coverage on shares of Flagstar Financial in a report on Thursday, September 25th. They issued a "hold" rating and a $14.00 target price on the stock. JPMorgan Chase & Co. decreased their target price on shares of Flagstar Financial from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, July 1st. Weiss Ratings reiterated a "sell (d-)" rating on shares of Flagstar Financial in a report on Wednesday, October 8th. Finally, DA Davidson reiterated a "buy" rating and issued a $14.50 target price on shares of Flagstar Financial in a report on Thursday, June 26th.

Flagstar Financial Stock Performance

FLG opened at $11.56 on Tuesday. The firm has a market capitalization of $4.80 billion, a PE ratio of -7.00 and a beta of 1.17. Flagstar Financial has a twelve month low of $8.56 and a twelve month high of $13.35. The firm's 50-day moving average price is $12.14 and its 200 day moving average price is $11.67. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.74.

Flagstar Financial (NYSE:FLG - Get Free Report) last posted its quarterly earnings results on Wednesday, January 26th. The company reported $0.27 earnings per share for the quarter. The firm had revenue of $287.00 million for the quarter. Flagstar Financial had a negative net margin of 10.83% and a negative return on equity of 6.60%. As a group, sell-side analysts expect that Flagstar Financial will post -0.31 EPS for the current fiscal year.

Flagstar Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Sunday, September 7th were issued 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 payout ratio is presently -2.42%.

Hedge Funds Weigh In On Flagstar Financial

Several institutional investors and hedge funds have recently bought and sold shares of FLG. CWM LLC purchased a new stake in shares of Flagstar Financial in the 2nd quarter valued at approximately $28,000. Financial Freedom LLC purchased a new stake in shares of Flagstar Financial in the 2nd quarter valued at approximately $31,000. UMB Bank n.a. purchased a new stake in shares of Flagstar Financial in the 2nd quarter valued at approximately $33,000. Marquette Asset Management LLC purchased a new stake in shares of Flagstar Financial in the 2nd quarter valued at approximately $35,000. Finally, American National Bank & Trust purchased a new stake in shares of Flagstar Financial in the 2nd quarter valued at approximately $41,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

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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