Flagstar Financial (NYSE:FLG) Releases Earnings Results, Beats Estimates By $0.17 EPS

Flagstar Financial (NYSE:FLG) posted its quarterly earnings results on Thursday. The company reported ($0.34) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.17, Zacks reports. Flagstar Financial had a negative return on equity of 11.35% and a negative net margin of 18.40%.

Flagstar Financial Trading Up 17.0 %

NYSE FLG traded up $1.63 during trading on Thursday, hitting $11.23. The company had a trading volume of 7,726,238 shares, compared to its average volume of 4,892,827. Flagstar Financial has a one year low of $5.10 and a one year high of $21.54. The firm has a market capitalization of $4.66 billion, a P/E ratio of -2.58 and a beta of 1.09. The stock has a fifty day simple moving average of $10.12. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 2.52.

Flagstar Financial Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th were issued a dividend of $0.01 per share. The ex-dividend date was Friday, December 6th. This represents a dividend yield of 0.33%. Flagstar Financial’s dividend payout ratio is currently -0.92%.

Analysts Set New Price Targets

FLG has been the subject of several research reports. UBS Group initiated coverage on shares of Flagstar Financial in a research report on Tuesday, December 17th. They set a “neutral” rating and a $11.50 price target for the company. JPMorgan Chase & Co. cut their price target on shares of Flagstar Financial from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Finally, Compass Point upped their price objective on Flagstar Financial from $11.50 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th.

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.