Brokerages Set Flagstar Financial, Inc. (NYSE:FLG) Target Price at $13.22

Flagstar Financial, Inc. (NYSE:FLG) has received a consensus recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $13.22.

Several analysts recently weighed in on FLG shares. Citigroup raised their price objective on Flagstar Financial from $15.00 to $15.50 and gave the company a “buy” rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. cut their target price on Flagstar Financial from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, July 1st. DA Davidson reiterated a “buy” rating and set a $14.50 price objective on shares of Flagstar Financial in a research report on Thursday, June 26th. Jefferies Financial Group assumed coverage on shares of Flagstar Financial in a research note on Wednesday, May 21st. They set a “buy” rating and a $15.00 target price for the company. Finally, Stephens reiterated an “equal weight” rating and set a $12.50 price target on shares of Flagstar Financial in a report on Thursday, June 12th.

Flagstar Financial Price Performance

Flagstar Financial stock opened at $11.05 on Friday. The firm has a market cap of $4.59 billion, a PE ratio of -4.25 and a beta of 1.10. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s fifty day moving average price is $11.57 and its two-hundred day moving average price is $11.26. Flagstar Financial has a one year low of $8.56 and a one year high of $13.35.

Flagstar Financial (NYSE:FLG) last posted its quarterly earnings data on Friday, April 25th. The company reported ($0.23) earnings per share for the quarter, topping the consensus estimate 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. The company’s quarterly revenue was down 22.6% compared to the same quarter last year. As a group, research analysts expect that Flagstar Financial will post -0.31 EPS for the current fiscal year.

Flagstar Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Saturday, June 7th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Friday, June 6th. Flagstar Financial’s payout ratio is -1.54%.

Institutional Trading of Flagstar Financial

Several hedge funds have recently bought and sold shares of FLG. UMB Bank n.a. bought a new position in Flagstar Financial in the 2nd quarter valued at about $33,000. Marquette Asset Management LLC purchased a new position in shares of Flagstar Financial during the second quarter valued at approximately $35,000. Harbor Capital Advisors Inc. purchased a new position in shares of Flagstar Financial during the second quarter valued at approximately $43,000. Geneos Wealth Management Inc. purchased a new stake in Flagstar Financial in the 1st quarter valued at $45,000. Finally, Fifth Third Bancorp bought a new position in Flagstar Financial during the 2nd quarter valued at $46,000. 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.