Flagstar Financial's (FLG) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

Flagstar Financial (NYSE:FLG - Get Free Report)'s stock had its "sell (d-)" rating restated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also commented on FLG. Morgan Stanley set a $14.00 price objective on Flagstar Financial and gave the stock an "underperform" rating in a research report on Monday, September 29th. JPMorgan Chase & Co. lowered their price objective on Flagstar Financial from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 1st. DA Davidson restated a "buy" rating and issued a $14.50 price objective on shares of Flagstar Financial in a research report on Thursday, June 26th. Citigroup upped their price objective on Flagstar Financial from $15.50 to $16.50 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Finally, Stephens restated an "equal weight" rating and issued a $12.50 price objective on shares of Flagstar Financial in a research report on Thursday, June 12th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Flagstar Financial has a consensus rating of "Hold" and an average price target of $13.71.

Flagstar Financial Price Performance

Shares of NYSE:FLG opened at $11.96 on Wednesday. Flagstar Financial has a twelve month low of $8.56 and a twelve month high of $13.35. The company's 50 day moving average is $12.10 and its 200 day moving average is $11.67. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.74. The company has a market cap of $4.97 billion, a PE ratio of -7.25 and a beta of 1.17.

Flagstar Financial (NYSE:FLG - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.02). Flagstar Financial had a negative return on equity of 6.60% and a negative net margin of 10.83%.The business had revenue of $496.00 million during the quarter, compared to analyst estimates of $524.33 million. The company's revenue was down 26.1% on a year-over-year basis. On average, sell-side analysts forecast that Flagstar Financial will post -0.31 EPS for the current year.

Institutional Investors Weigh In On Flagstar Financial

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC acquired a new stake in Flagstar Financial in the 2nd quarter valued at $28,000. Financial Freedom LLC acquired a new stake in Flagstar Financial in the 2nd quarter valued at $31,000. UMB Bank n.a. acquired a new stake in Flagstar Financial in the 2nd quarter valued at $33,000. Marquette Asset Management LLC acquired a new stake in Flagstar Financial in the 2nd quarter valued at $35,000. Finally, American National Bank & Trust acquired a new stake in Flagstar Financial during the 2nd quarter worth $41,000. Institutional investors and hedge funds 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.

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