Flagstar Financial, Inc. (NYSE:FLG) Receives Average Rating of “Hold” from Analysts

Shares of Flagstar Financial, Inc. (NYSE:FLG) have earned a consensus recommendation of “Hold” from the thirteen research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $13.7083.

Several equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flagstar Financial in a research note on Wednesday, October 8th. Cantor Fitzgerald assumed coverage on shares of Flagstar Financial in a research note on Wednesday, September 10th. They set an “overweight” rating and a $15.00 target price on the stock. TD Cowen assumed coverage on shares of Flagstar Financial in a research note on Thursday, September 25th. They set a “hold” rating and a $14.00 target price on the stock. DA Davidson reaffirmed a “buy” rating and set a $14.50 target price on shares of Flagstar Financial in a research note on Thursday, June 26th. Finally, Citigroup upped their target price on shares of Flagstar Financial from $15.50 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday, August 26th.

Institutional Investors Weigh In On Flagstar Financial

Large investors have recently modified their holdings of the company. CWM LLC purchased a new stake in shares of Flagstar Financial in the 2nd quarter valued at approximately $28,000. Financial Freedom LLC purchased a new stake in shares of Flagstar Financial in the 2nd quarter valued at approximately $31,000. UMB Bank n.a. purchased a new stake in shares of Flagstar Financial in the 2nd quarter valued at approximately $33,000. Marquette Asset Management LLC purchased a new stake in shares of Flagstar Financial in the 2nd quarter valued at approximately $35,000. Finally, American National Bank & Trust purchased a new stake in shares of Flagstar Financial in the 2nd quarter valued at approximately $41,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

Flagstar Financial Price Performance

Flagstar Financial stock opened at $11.56 on Tuesday. The company’s 50 day simple moving average is $12.14 and its 200-day simple moving average is $11.67. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of -7.00 and a beta of 1.17. 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 released its quarterly earnings results on Wednesday, January 26th. The company reported $0.27 earnings per share (EPS) for the quarter. Flagstar Financial had a negative net margin of 10.83% and a negative return on equity of 6.60%. The business had revenue of $287.00 million for the quarter. As a group, equities research analysts expect that Flagstar Financial will post -0.31 earnings per share for the current year.

Flagstar Financial Announces Dividend

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

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.