Analysts Set Flagstar Financial, Inc. (NYSE:FLG) PT at $13.22

Key Points

• Flagstar Financial, Inc. has received a consensus rating of "Hold" from analysts, with an average 12-month target price of $13.22.
• The company reported a quarterly loss of ($0.14) earnings per share, missing expectations, and experienced a 26.1% decline in revenue year-over-year.
• Flagstar Financial will pay a quarterly dividend of $0.01 on September 17th, representing a 0.4% dividend yield.

Shares of Flagstar Financial, Inc. (NYSE:FLG - Get Free Report) have earned an average rating of "Hold" from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $13.2222.

FLG has been the subject of several recent analyst reports. Wall Street Zen cut shares of Flagstar Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Jefferies Financial Group initiated coverage on shares of Flagstar Financial in a research note on Wednesday, May 21st. They issued a "buy" rating and a $15.00 price target for the company. DA Davidson reiterated a "buy" rating and issued a $14.50 price target on shares of Flagstar Financial in a research note on Thursday, June 26th. JPMorgan Chase & Co. reduced their price target on shares of Flagstar Financial from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, July 1st. Finally, Citigroup upped their target price on shares of Flagstar Financial from $15.00 to $15.50 and gave the company a "buy" rating in a report on Thursday, May 15th.

Flagstar Financial Trading Down 0.9%

Shares of FLG traded down $0.10 during trading hours on Thursday, reaching $11.46. 1,656,399 shares of the company traded hands, compared to its average volume of 6,454,088. The company's fifty day moving average price is $11.38 and its two-hundred day moving average price is $11.56. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of -6.95 and a beta of 1.11. 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 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 quarterly earnings results on Friday, July 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.02). Flagstar Financial had a negative net margin of 10.83% and a negative return on equity of 6.60%. The business had revenue of $496.00 million for the quarter, compared to analysts' expectations of $524.33 million. Flagstar Financial's quarterly revenue was down 26.1% on a year-over-year basis. Equities research analysts predict that Flagstar Financial will post -0.31 earnings per share for the current fiscal year.

Flagstar Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Sunday, September 7th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, September 5th. Flagstar Financial's dividend payout ratio is presently -2.42%.

Hedge Funds Weigh In On Flagstar Financial

A number of hedge funds have recently modified their holdings of FLG. Mutual of America Capital Management LLC bought a new position in shares of Flagstar Financial during the first quarter worth $1,814,000. Rhumbline Advisers purchased a new stake in Flagstar Financial during the first quarter valued at $10,742,000. Jefferies Financial Group Inc. purchased a new stake in Flagstar Financial during the first quarter valued at $837,000. Neo Ivy Capital Management purchased a new stake in Flagstar Financial during the first quarter valued at $2,103,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Flagstar Financial during the first quarter valued at $671,000. 67.88% of the stock is currently owned by institutional investors.

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.