Stephens Reaffirms "Equal Weight" Rating for Flagstar Financial (NYSE:FLG)

Stephens reissued their equal weight rating on shares of Flagstar Financial (NYSE:FLG - Free Report) in a report issued on Thursday,Benzinga reports. They currently have a $12.50 price objective on the stock.

Several other research firms have also recently commented on FLG. Citigroup increased their price objective on Flagstar Financial from $15.00 to $15.50 and gave the company a "buy" rating in a research report on Thursday, May 15th. Truist Financial initiated coverage on shares of Flagstar Financial in a research note on Tuesday, May 13th. They set a "hold" rating and a $13.00 target price on the stock. Jefferies Financial Group began coverage on Flagstar Financial in a research report on Wednesday, May 21st. They issued a "buy" rating and a $15.00 price objective on the stock. Finally, Wall Street Zen lowered shares of Flagstar Financial from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $13.39.

Flagstar Financial Stock Down 1.2%

Shares of FLG traded down $0.14 on Thursday, reaching $11.41. The stock had a trading volume of 6,405,289 shares, compared to its average volume of 6,136,004. The company has a 50-day simple moving average of $11.50 and a 200-day simple moving average of $11.18. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.09 and a current ratio of 1.10. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of -3.09 and a beta of 1.13. 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 released its earnings results on Friday, April 25th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $490.00 million during the quarter, compared to analyst estimates of $511.00 million. The firm's revenue was down 22.6% compared to the same quarter last year. Sell-side analysts predict that Flagstar Financial will post -0.31 EPS for the current year.

Flagstar Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Saturday, June 7th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Friday, June 6th. Flagstar Financial's dividend payout ratio is currently -1.54%.

Institutional Investors Weigh In On Flagstar Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. purchased a new stake in Flagstar Financial in the first quarter worth $45,000. Brooklyn Investment Group purchased a new stake in Flagstar Financial during the first quarter valued at approximately $51,000. Arete Wealth Advisors LLC acquired a new stake in shares of Flagstar Financial in the 1st quarter worth $94,000. Bayforest Capital Ltd acquired a new stake in Flagstar Financial in the first quarter worth about $97,000. Finally, Strs Ohio purchased a new stake in Flagstar Financial during the 1st quarter worth approximately $102,000. Hedge funds and other institutional investors 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.