Brokerages Set Flagstar Financial, Inc. (NYSE:FLG) Price Target at $13.25

Shares of Flagstar Financial, Inc. (NYSE:FLG) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $13.25.

A number of research firms have weighed in on FLG. Citigroup raised shares of Flagstar Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $13.50 to $15.00 in a report on Friday. Barclays lifted their price target on Flagstar Financial from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. UBS Group initiated coverage on Flagstar Financial in a report on Tuesday, December 17th. They issued a “neutral” rating and a $11.50 price target for the company. Compass Point raised their price objective on Flagstar Financial from $11.50 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, DA Davidson raised Flagstar Financial from a “neutral” rating to a “buy” rating and upped their target price for the stock from $12.00 to $14.50 in a research note on Friday, January 31st.

Flagstar Financial Trading Down 3.3 %

Shares of FLG stock opened at $10.43 on Friday. Flagstar Financial has a twelve month low of $7.86 and a twelve month high of $13.35. The stock has a market capitalization of $4.33 billion, a PE ratio of -2.83 and a beta of 1.17. The firm’s 50 day moving average is $11.85. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.09 and a current ratio of 1.10.

Flagstar Financial (NYSE:FLG) last posted its earnings results on Thursday, January 30th. The company reported ($0.34) earnings per share for the quarter, beating the consensus estimate of ($0.51) by $0.17. Flagstar Financial had a negative net margin of 17.16% and a negative return on equity of 10.72%. On average, research analysts predict that Flagstar Financial will post -0.31 earnings per share for the current fiscal year.

Flagstar Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, March 7th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.38%. The ex-dividend date was Friday, March 7th. Flagstar Financial’s dividend payout ratio is currently -1.08%.

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.