Flagstar Financial (NYSE:FLG) Research Coverage Started at TD Cowen

TD Cowen started coverage on shares of Flagstar Financial (NYSE:FLG) in a research report report published on Thursday, MarketBeat Ratings reports. The brokerage issued a hold rating and a $14.00 price target on the stock.

Several other research analysts have also recently commented on the stock. Cantor Fitzgerald began coverage on shares of Flagstar Financial in a report on Wednesday, September 10th. They issued an “overweight” rating and a $15.00 target price for the company. Citigroup raised their price objective on shares of Flagstar Financial from $15.50 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Truist Financial lifted their price target on shares of Flagstar Financial from $12.00 to $13.50 and gave the company a “hold” rating in a research report on Friday, September 12th. JPMorgan Chase & Co. dropped their price target on shares of Flagstar Financial from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 1st. Finally, Stephens reissued an “equal weight” rating and issued a $12.50 price target on shares of Flagstar Financial in a research report on Thursday, June 12th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Flagstar Financial has a consensus rating of “Hold” and a consensus price target of $13.68.

Flagstar Financial Stock Up 0.2%

FLG stock opened at $11.57 on Thursday. The stock has a market cap of $4.81 billion, a PE ratio of -7.01 and a beta of 1.20. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.74. The firm’s 50-day simple moving average is $12.10 and its 200 day simple moving average is $11.68. Flagstar Financial has a fifty-two week low of $8.56 and a fifty-two week high of $13.35.

Flagstar Financial (NYSE:FLG) last released its earnings results on Friday, July 25th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The company had revenue of $496.00 million for the quarter, compared to analyst estimates of $524.33 million. Flagstar Financial had a negative net margin of 10.83% and a negative return on equity of 6.60%. Flagstar Financial’s revenue for the quarter was down 26.1% on a year-over-year basis. As a group, sell-side analysts predict that Flagstar Financial will post -0.31 EPS for the current year.

Flagstar Financial Dividend Announcement

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

Institutional Trading of Flagstar Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC bought a new stake in shares of Flagstar Financial in the 2nd quarter valued at about $28,000. Financial Freedom LLC bought a new stake in shares of Flagstar Financial in the 2nd quarter valued at about $31,000. UMB Bank n.a. bought a new stake in shares of Flagstar Financial in the 2nd quarter valued at about $33,000. Marquette Asset Management LLC bought a new stake in shares of Flagstar Financial in the 2nd quarter valued at about $35,000. Finally, American National Bank & Trust bought a new stake in shares of Flagstar Financial in the 2nd quarter valued at about $41,000. 67.88% of the stock is owned by institutional investors.

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.