Flagstar Financial (NYSE:FLG) Shares Gap Down - Should You Sell?

Flagstar Financial, Inc. (NYSE:FLG - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $11.12, but opened at $10.70. Flagstar Financial shares last traded at $10.49, with a volume of 4,032,466 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. DA Davidson reaffirmed a "buy" rating and issued a $14.50 price target on shares of Flagstar Financial in a research note on Thursday. Stephens reaffirmed an "equal weight" rating and issued a $12.50 price target on shares of Flagstar Financial in a research note on Thursday, June 12th. Truist Financial assumed coverage on Flagstar Financial in a research note on Tuesday, May 13th. They issued a "hold" rating and a $13.00 price target on the stock. Citigroup lifted their price target on Flagstar Financial from $15.00 to $15.50 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Finally, Jefferies Financial Group initiated coverage on Flagstar Financial in a research note on Wednesday, May 21st. They set a "buy" rating and a $15.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Flagstar Financial currently has an average rating of "Hold" and a consensus target price of $13.39.

Flagstar Financial Stock Down 1.5%

The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $4.50 billion, a P/E ratio of -4.17 and a beta of 1.13. The company has a 50-day moving average of $11.67 and a two-hundred day moving average of $11.13.

Flagstar Financial (NYSE:FLG - Get Free Report) last released 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 return on equity of 9.68% and a negative net margin of 14.21%. The business had revenue of $490.00 million for the quarter, compared to the consensus estimate of $511.00 million. Flagstar Financial's revenue for the quarter was down 22.6% compared to the same quarter last year. On average, research analysts predict that Flagstar Financial, Inc. will post -0.31 EPS for the current year.

Flagstar Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Saturday, June 7th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend was Friday, June 6th. Flagstar Financial's dividend payout ratio (DPR) is -1.54%.

Institutional Investors Weigh In On Flagstar Financial

Hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new stake in Flagstar Financial in the first quarter worth $45,000. Brooklyn Investment Group bought a new position in shares of Flagstar Financial during the first quarter valued at $51,000. Arete Wealth Advisors LLC bought a new position in shares of Flagstar Financial during the first quarter valued at $94,000. Bayforest Capital Ltd bought a new position in shares of Flagstar Financial during the first quarter valued at $97,000. Finally, Strs Ohio bought a new position in shares of Flagstar Financial during the first quarter valued at $102,000. 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.