Flagstar Financial (NYSE:FLG) Price Target Lowered to $12.00 at JPMorgan Chase & Co.

Flagstar Financial (NYSE:FLG - Free Report) had its price target cut by JPMorgan Chase & Co. from $13.00 to $12.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

FLG has been the subject of several other reports. DA Davidson restated a "buy" rating and issued a $14.50 price target on shares of Flagstar Financial in a research report on Thursday, June 26th. Stephens reaffirmed an "equal weight" rating and issued a $12.50 price objective on shares of Flagstar Financial in a research note on Thursday, June 12th. Jefferies Financial Group started coverage on shares of Flagstar Financial in a research note on Wednesday, May 21st. They issued a "buy" rating and a $15.00 price objective on the stock. Wall Street Zen lowered shares of Flagstar Financial from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Citigroup upped their price objective on shares of Flagstar Financial from $15.00 to $15.50 and gave the company a "buy" rating in a research note on Thursday, May 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $13.33.

Flagstar Financial Price Performance

FLG stock traded up $0.36 during trading on Tuesday, reaching $10.96. 10,023,532 shares of the company were exchanged, compared to its average volume of 7,018,779. The company has a 50-day moving average of $11.68 and a two-hundred day moving average of $11.13. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of -4.22 and a beta of 1.10. Flagstar Financial has a twelve month low of $8.56 and a twelve month high of $13.35. 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 (NYSE:FLG - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.26) by $0.03. Flagstar Financial had a negative net margin of 14.21% and a negative return on equity of 9.68%. The business had revenue of $490.00 million during the quarter, compared to analysts' expectations of $511.00 million. Flagstar Financial's quarterly revenue was down 22.6% on a year-over-year basis. As a group, equities analysts predict that Flagstar Financial will post -0.31 earnings per share for the current fiscal year.

Flagstar Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Saturday, June 7th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Friday, June 6th. Flagstar Financial's dividend payout ratio (DPR) is presently -1.54%.

Institutional Investors Weigh In On Flagstar Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLG. Geneos Wealth Management Inc. purchased a new position in Flagstar Financial during the 1st quarter valued at $45,000. Brooklyn Investment Group purchased a new position in Flagstar Financial during the 1st quarter valued at $51,000. Arete Wealth Advisors LLC purchased a new position in Flagstar Financial during the 1st quarter valued at $94,000. Bayforest Capital Ltd purchased a new position in Flagstar Financial during the 1st quarter valued at $97,000. Finally, Strs Ohio purchased a new position in Flagstar Financial during the 1st quarter valued at $102,000. 67.88% of the stock is currently owned by institutional investors.

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.