Flagstar Financial (NYSE:FLG) Earns Overweight Rating from Analysts at Cantor Fitzgerald

Key Points

• Analysts at Cantor Fitzgerald initiated coverage of Flagstar Financial with an "overweight" rating and a price target of $15.00, suggesting a potential upside of 17.19% from its current price.
• Flagstar Financial reported a Q2 loss of ($0.14) EPS, missing estimates, with quarterly revenue down 26.1% year-over-year.
• The stock has seen mixed ratings from analysts, with five rating it as "Buy" and five as "Hold," leading to an average rating of "Moderate Buy" with a target of $13.50.

Stock analysts at Cantor Fitzgerald initiated coverage on shares of Flagstar Financial (NYSE:FLG - Get Free Report) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm set an "overweight" rating and a $15.00 price target on the stock. Cantor Fitzgerald's price objective would suggest a potential upside of 22.25% from the company's current price.

FLG has been the topic of a number of other research reports. JPMorgan Chase & Co. dropped their target price on shares of Flagstar Financial from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 1st. Jefferies Financial Group assumed coverage on shares of Flagstar Financial in a research report on Wednesday, May 21st. They issued a "buy" rating and a $15.00 price target on the stock. Wall Street Zen lowered shares of Flagstar Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Stephens reiterated an "equal weight" rating and issued a $12.50 target price on shares of Flagstar Financial in a research note on Thursday, June 12th. Finally, DA Davidson restated a "buy" rating and set a $14.50 price target on shares of Flagstar Financial in a research note on Thursday, June 26th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $13.65.

Flagstar Financial Stock Performance

FLG stock traded down $0.40 during mid-day trading on Wednesday, reaching $12.27. 2,360,962 shares of the stock traded hands, compared to its average volume of 6,255,308. The business has a 50-day moving average of $11.97 and a two-hundred day moving average of $11.65. Flagstar Financial has a 52 week low of $8.56 and a 52 week high of $13.35. The firm has a market capitalization of $5.10 billion, a PE ratio of -7.44 and a beta of 1.20. 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 (NYSE:FLG - Get Free Report) last released its 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 during the quarter, compared to analyst estimates of $524.33 million. The firm's quarterly revenue was down 26.1% on a year-over-year basis. As a group, equities analysts predict that Flagstar Financial will post -0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FLG. Rockefeller Capital Management L.P. lifted its position in Flagstar Financial by 1.7% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 61,131 shares of the company's stock worth $648,000 after buying an additional 1,010 shares in the last quarter. Creative Planning raised its stake in shares of Flagstar Financial by 2.8% in the second quarter. Creative Planning now owns 57,414 shares of the company's stock worth $609,000 after acquiring an additional 1,557 shares during the last quarter. Princeton Capital Management LLC lifted its position in shares of Flagstar Financial by 18.2% during the second quarter. Princeton Capital Management LLC now owns 13,000 shares of the company's stock worth $138,000 after purchasing an additional 2,000 shares in the last quarter. CWM LLC acquired a new position in shares of Flagstar Financial during the second quarter worth approximately $28,000. Finally, Financial Freedom LLC acquired a new stake in shares of Flagstar Financial in the second quarter valued at approximately $31,000. 67.88% of the stock is owned by institutional investors.

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.