Brokerages Set Flagstar Financial, Inc. (NYSE:FLG) Price Target at $13.68

Shares of Flagstar Financial, Inc. (NYSE:FLG) have been given a consensus recommendation of “Hold” by the twelve analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $13.7083.

Several research firms recently weighed in on FLG. JPMorgan Chase & Co. reduced their price objective on shares of Flagstar Financial from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, July 1st. Truist Financial upped their price objective on shares of Flagstar Financial from $12.00 to $13.50 and gave the stock a “hold” rating in a report on Friday, September 12th. Morgan Stanley set a $14.00 price objective on shares of Flagstar Financial and gave the stock an “underperform” rating in a report on Monday. TD Cowen began coverage on shares of Flagstar Financial in a report on Thursday, September 25th. They issued a “hold” rating and a $14.00 price objective for the company. Finally, Stephens reaffirmed an “equal weight” rating and issued a $12.50 price objective on shares of Flagstar Financial in a report on Thursday, June 12th.

Institutional Investors Weigh In On Flagstar Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Inspire Investing LLC acquired a new stake in Flagstar Financial in the 1st quarter valued at about $422,000. Mendon Capital Advisors Corp acquired a new stake in Flagstar Financial in the 1st quarter valued at about $2,403,000. Mutual of America Capital Management LLC acquired a new stake in Flagstar Financial in the 1st quarter valued at about $1,814,000. Liberty 77 Capital L.P. acquired a new stake in Flagstar Financial in the 1st quarter valued at about $871,500,000. Finally, Comerica Bank acquired a new stake in Flagstar Financial in the 1st quarter valued at about $990,000. 67.88% of the stock is owned by institutional investors and hedge funds.

Flagstar Financial Stock Performance

Shares of FLG opened at $11.65 on Friday. The company has a market cap of $4.84 billion, a price-to-earnings ratio of -7.06 and a beta of 1.17. The firm has a fifty day moving average of $12.06 and a 200-day moving average of $11.67. Flagstar Financial has a 1 year low of $8.56 and a 1 year high of $13.35. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.02 and a current ratio of 1.02.

Flagstar Financial (NYSE:FLG) last posted its quarterly earnings data 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 company had revenue of $496.00 million during the quarter, compared to analyst estimates of $524.33 million. Flagstar Financial had a negative return on equity of 6.60% and a negative net margin of 10.83%.The firm’s quarterly revenue was down 26.1% compared to the same quarter last year. As a group, equities analysts anticipate that Flagstar Financial will post -0.31 earnings per share for the current year.

Flagstar Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Sunday, September 7th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, September 5th. Flagstar Financial’s dividend payout ratio is presently -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.