Flagstar Financial (NYSE:FLG) Now Covered by Analysts at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has upgraded Flagstar Financial (NYSE:FLG) to a "strong-buy" rating, indicating renewed confidence in the stock's potential.
• The stock has a consensus rating of "Moderate Buy," with an average price target set at $13.50, despite mixed analyst opinions.
• Flagstar Financial reported a loss of ($0.14) earnings per share in its latest quarterly earnings, falling short of analyst estimates and reflecting a significant year-over-year revenue decline.

Equities research analysts at Cantor Fitzgerald assumed coverage on shares of Flagstar Financial (NYSE:FLG - Get Free Report) in a report issued on Tuesday, September 9th, Marketbeat reports. The firm set an "overweight" rating and a $15.00 price target on the stock. Cantor Fitzgerald's price target would indicate a potential upside of 24.90% from the stock's current price.

A number of other research firms have also recently commented on FLG. DA Davidson reiterated a "buy" rating and set a $14.50 price objective on shares of Flagstar Financial in a research report on Thursday, June 26th. Stephens reissued an "equal weight" rating and set a $12.50 price target on shares of Flagstar Financial in a report on Thursday, June 12th. Citigroup boosted their price target on Flagstar Financial from $15.50 to $16.50 and gave the company a "buy" rating in a report on Tuesday, August 26th. Jefferies Financial Group assumed coverage on Flagstar Financial in a report on Wednesday, May 21st. They set a "buy" rating and a $15.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price objective on Flagstar Financial from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, July 1st. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $13.65.

Flagstar Financial Stock Down 2.8%

NYSE:FLG traded down $0.34 during trading hours on Tuesday, reaching $12.01. 1,819,315 shares of the company traded hands, compared to its average volume of 6,247,382. The business's 50-day moving average price is $12.00 and its two-hundred day moving average price is $11.65. The stock has a market capitalization of $4.99 billion, a P/E ratio of -7.28 and a beta of 1.20. 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 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.74.

Flagstar Financial (NYSE:FLG - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $496.00 million for the quarter, compared to analysts' expectations of $524.33 million. The company's revenue for the quarter was down 26.1% compared to the same quarter last year. Analysts predict that Flagstar Financial will post -0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FLG. Liberty 77 Capital L.P. purchased a new position in Flagstar Financial during the 1st quarter worth $871,500,000. Reverence Capital Partners L.P. purchased a new position in Flagstar Financial during the 1st quarter worth $418,101,000. Vanguard Group Inc. purchased a new position in Flagstar Financial during the 1st quarter worth $378,161,000. T. Rowe Price Investment Management Inc. purchased a new position in Flagstar Financial during the 1st quarter worth $76,911,000. Finally, Azora Capital LP purchased a new position in Flagstar Financial during the 1st quarter worth $74,133,000. 67.88% of the stock is currently owned by hedge funds and other 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.