Flagstar Financial, Inc. (NYSE:FLG) Receives $13.33 Consensus PT from Analysts

Shares of Flagstar Financial, Inc. (NYSE:FLG) have earned a consensus recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $13.3333.

A number of research analysts recently weighed in on the stock. Citigroup lifted their target price on shares of Flagstar Financial from $15.50 to $16.50 and gave the company a “buy” rating in a research note on Tuesday, August 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. DA Davidson reissued a “buy” rating and set a $14.50 target price on shares of Flagstar Financial in a research note on Thursday, June 26th. Jefferies Financial Group assumed coverage on Flagstar Financial in a research note on Wednesday, May 21st. They issued a “buy” rating and a $15.00 price target for the company. Finally, Truist Financial reduced their price objective on shares of Flagstar Financial from $13.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, July 11th.

Institutional Investors Weigh In On Flagstar Financial

Hedge funds have recently made changes to their positions in the company. CWM LLC bought a new position in Flagstar Financial during the second quarter valued at approximately $28,000. Financial Freedom LLC bought a new position in shares of Flagstar Financial during the 2nd quarter valued at approximately $31,000. UMB Bank n.a. purchased a new position in shares of Flagstar Financial in the second quarter valued at $33,000. Marquette Asset Management LLC bought a new stake in Flagstar Financial in the second quarter worth $35,000. Finally, American National Bank & Trust purchased a new stake in Flagstar Financial during the second quarter valued at $41,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Flagstar Financial Trading Up 0.2%

Shares of NYSE:FLG opened at $12.97 on Monday. The stock has a 50 day moving average of $11.80 and a 200 day moving average of $11.65. The company has a market cap of $5.39 billion, a PE ratio of -7.86 and a beta of 1.20. Flagstar Financial has a 12-month low of $8.56 and a 12-month high of $13.35. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.74.

Flagstar Financial (NYSE:FLG) 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). The firm had revenue of $496.00 million for the quarter, compared to analysts’ expectations of $524.33 million. Flagstar Financial had a negative net margin of 10.83% and a negative return on equity of 6.60%. The firm’s quarterly revenue was down 26.1% compared to the same quarter last year. As a group, equities research analysts expect that Flagstar Financial will post -0.31 EPS for the current year.

Flagstar Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Sunday, September 7th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 5th. Flagstar Financial’s dividend payout ratio is -2.42%.

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.