Flagstar Financial (NYSE:FLG) Coverage Initiated at Jefferies Financial Group

Stock analysts at Jefferies Financial Group initiated coverage on shares of Flagstar Financial (NYSE:FLG - Get Free Report) in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm set a "buy" rating and a $15.00 price target on the stock. Jefferies Financial Group's target price would suggest a potential upside of 26.69% from the stock's current price.

FLG has been the topic of a number of other research reports. Barclays raised their target price on Flagstar Financial from $13.00 to $14.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Citigroup raised their price objective on shares of Flagstar Financial from $15.00 to $15.50 and gave the stock a "buy" rating in a research note on Thursday, May 15th. DA Davidson upgraded shares of Flagstar Financial from a "neutral" rating to a "buy" rating and upped their target price for the company from $12.00 to $14.50 in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their price target on shares of Flagstar Financial from $11.00 to $12.50 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, Truist Financial assumed coverage on shares of Flagstar Financial in a research report on Tuesday, May 13th. They set a "hold" rating and a $13.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $13.50.

Flagstar Financial Stock Up 0.7%

Shares of NYSE:FLG traded up $0.08 during trading on Wednesday, reaching $11.84. The stock had a trading volume of 5,507,174 shares, compared to its average volume of 6,264,344. The firm's fifty day moving average is $11.51. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.10 and a quick ratio of 1.09. Flagstar Financial has a 52 week low of $8.56 and a 52 week high of $13.35. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of -3.21 and a beta of 1.14.

Flagstar Financial (NYSE:FLG - Get Free Report) last announced its earnings results on Friday, April 25th. The company reported ($0.23) EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $511.00 million. The company's revenue for the quarter was down 22.6% compared to the same quarter last year. On average, analysts forecast that Flagstar Financial will post -0.31 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Liberty 77 Capital L.P. acquired a new stake in Flagstar Financial during the first quarter valued at approximately $871,500,000. Reverence Capital Partners L.P. bought a new position in shares of Flagstar Financial during the 1st quarter worth approximately $418,101,000. Vanguard Group Inc. acquired a new stake in Flagstar Financial in the 1st quarter valued at $378,161,000. T. Rowe Price Investment Management Inc. acquired a new stake in Flagstar Financial in the 1st quarter valued at $76,911,000. Finally, Azora Capital LP bought a new stake in Flagstar Financial in the first quarter valued at $74,133,000. 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.