Flagstar Financial (NYSE:FLG) Given "Buy" Rating at DA Davidson

DA Davidson reissued their buy rating on shares of Flagstar Financial (NYSE:FLG - Free Report) in a research report released on Thursday,Benzinga reports. DA Davidson currently has a $14.50 target price on the stock. DA Davidson also issued estimates for Flagstar Financial's FY2026 earnings at $0.72 EPS.

Several other analysts have also recently commented on the company. Citigroup raised their price target on Flagstar Financial from $15.00 to $15.50 and gave the company a "buy" rating in a report on Thursday, May 15th. Wall Street Zen downgraded Flagstar Financial from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Jefferies Financial Group assumed coverage on shares of Flagstar Financial in a research report on Wednesday, May 21st. They set a "buy" rating and a $15.00 target price on the stock. Truist Financial started coverage on shares of Flagstar Financial in a report on Tuesday, May 13th. They issued a "hold" rating and a $13.00 price target for the company. Finally, Stephens reiterated an "equal weight" rating and issued a $12.50 price objective on shares of Flagstar Financial in a research note on Thursday, June 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $13.39.

Flagstar Financial Stock Performance

Shares of FLG stock traded down $0.16 during mid-day trading on Thursday, hitting $10.84. The stock had a trading volume of 13,814,549 shares, compared to its average volume of 6,494,693. The firm has a market cap of $4.50 billion, a PE ratio of -4.17 and a beta of 1.13. The company's 50-day simple moving average is $11.67 and its 200-day simple moving average is $11.13. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.06 and a quick ratio of 1.06. Flagstar Financial has a fifty-two week low of $8.56 and a fifty-two week high of $13.35.

Flagstar Financial (NYSE:FLG - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.03. The firm had revenue of $490.00 million during the quarter, compared to analysts' expectations of $511.00 million. Flagstar Financial had a negative net margin of 14.21% and a negative return on equity of 9.68%. The firm's quarterly revenue was down 22.6% compared to the same quarter last year. Sell-side analysts anticipate that Flagstar Financial will post -0.31 earnings per share for the current year.

Flagstar Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Saturday, June 7th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Friday, June 6th. Flagstar Financial's payout ratio is currently -1.54%.

Hedge Funds Weigh In On Flagstar Financial

A number of institutional investors have recently modified their holdings of FLG. Geneos Wealth Management Inc. acquired a new stake in Flagstar Financial in the 1st quarter worth about $45,000. Brooklyn Investment Group acquired a new stake in shares of Flagstar Financial in the first quarter worth approximately $51,000. Arete Wealth Advisors LLC acquired a new stake in shares of Flagstar Financial in the first quarter worth approximately $94,000. Bayforest Capital Ltd purchased a new stake in shares of Flagstar Financial during the 1st quarter valued at $97,000. Finally, Strs Ohio purchased a new stake in Flagstar Financial during the first quarter valued at about $102,000. 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.