Flagstar Financial (NYSE:FLG) Now Covered by 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 Ratings reports. The brokerage set a "buy" rating and a $15.00 price target on the stock. Jefferies Financial Group's price objective indicates a potential upside of 26.69% from the company's previous close.

Several other brokerages have also recently issued reports on FLG. 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. Truist Financial began coverage on Flagstar Financial in a research note on Tuesday, May 13th. They set a "hold" rating and a $13.00 price target on the stock. Barclays boosted their price objective on Flagstar Financial from $13.00 to $14.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. DA Davidson upgraded shares of Flagstar Financial from a "neutral" rating to a "buy" rating and raised their target price for the stock from $12.00 to $14.50 in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Flagstar Financial from $11.00 to $12.50 and gave the company a "neutral" rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $13.50.

Flagstar Financial Stock Performance

Shares of Flagstar Financial stock traded up $0.08 during trading hours on Wednesday, reaching $11.84. 5,507,174 shares of the company were exchanged, compared to its average volume of 6,264,344. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of -3.21 and a beta of 1.14. The firm has a fifty day moving average of $11.51. Flagstar Financial has a 1 year low of $8.56 and a 1 year high of $13.35. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.88.

Flagstar Financial (NYSE:FLG - Get Free Report) last announced its quarterly earnings data 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 return on equity of 10.72% and a negative net margin of 17.16%. The business had revenue of $490.00 million during the quarter, compared to analysts' expectations of $511.00 million. The company's revenue was down 22.6% compared to the same quarter last year. Research analysts expect that Flagstar Financial will post -0.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. KLP Kapitalforvaltning AS acquired a new stake in shares of Flagstar Financial during the first quarter worth approximately $712,000. AE Wealth Management LLC acquired a new position in Flagstar Financial during the 1st quarter worth $216,000. Princeton Capital Management LLC bought a new stake in shares of Flagstar Financial in the 1st quarter worth about $128,000. Cetera Investment Advisers bought a new position in shares of Flagstar Financial during the first quarter worth about $885,000. Finally, Neo Ivy Capital Management bought a new position in Flagstar Financial during the 1st quarter worth approximately $2,103,000. Hedge funds and other institutional investors own 67.88% of the company's stock.

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.