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

Flagstar Financial, Inc. (NYSE:FLGGet Free Report) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $13.25.

Several equities analysts have weighed in on the company. Citigroup raised Flagstar Financial from a “neutral” rating to a “buy” rating and raised their price target for the stock from $13.50 to $15.00 in a research report on Friday, April 4th. Barclays raised their price objective on Flagstar Financial from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on Flagstar Financial from $11.00 to $12.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, DA Davidson upgraded Flagstar Financial from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $12.00 to $14.50 in a report on Friday, January 31st.

Get Our Latest Research Report on Flagstar Financial

Flagstar Financial Stock Performance

Flagstar Financial stock opened at $11.79 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 1.88. The business’s fifty day moving average is $11.36. The stock has a market capitalization of $4.89 billion, a P/E ratio of -3.20 and a beta of 1.17. Flagstar Financial has a fifty-two week low of $8.56 and a fifty-two week high of $13.35.

Flagstar Financial (NYSE:FLGGet Free Report) last released its quarterly earnings results 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. The company had revenue of $490.00 million during the quarter, compared to the consensus estimate of $511.00 million. Flagstar Financial had a negative return on equity of 10.72% and a negative net margin of 17.16%. The business’s revenue was down 22.6% compared to the same quarter last year. On average, analysts forecast that Flagstar Financial will post -0.31 EPS for the current fiscal year.

Flagstar Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Saturday, June 7th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.34%. Flagstar Financial’s dividend payout ratio (DPR) is -1.54%.

Flagstar Financial Company Profile

(Get Free Report

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.

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Analyst Recommendations for Flagstar Financial (NYSE:FLG)

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