Flagstar Financial’s (FLG) “Equal Weight” Rating Reiterated at Stephens

Stephens restated their equal weight rating on shares of Flagstar Financial (NYSE:FLG) in a research report report published on Thursday morning,Benzinga reports. They currently have a $12.50 price target on the stock.

Several other research analysts also recently commented on the stock. Truist Financial started coverage on shares of Flagstar Financial in a report on Tuesday, May 13th. They issued a “hold” rating and a $13.00 price objective for the company. Jefferies Financial Group initiated coverage on shares of Flagstar Financial in a research note on Wednesday, May 21st. They issued a “buy” rating and a $15.00 target price on the stock. Citigroup increased their target price on shares of Flagstar Financial from $15.00 to $15.50 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Finally, Wall Street Zen cut shares of Flagstar Financial from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.39.

Flagstar Financial Stock Performance

Shares of FLG stock opened at $11.03 on Thursday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.09 and a current ratio of 1.10. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of -2.99 and a beta of 1.13. Flagstar Financial has a 52 week low of $8.56 and a 52 week high of $13.35. The firm’s 50-day simple moving average is $11.53 and its two-hundred day simple moving average is $11.16.

Flagstar Financial (NYSE:FLG) last issued its quarterly earnings results on Friday, April 25th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.03. Flagstar Financial had a negative net margin of 17.16% and a negative return on equity of 10.72%. The company had revenue of $490.00 million during the quarter, compared to analyst estimates of $511.00 million. The company’s revenue was down 22.6% on a year-over-year basis. As a group, equities analysts forecast that Flagstar Financial will post -0.31 earnings per share for the current year.

Flagstar Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Saturday, June 7th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Friday, June 6th. Flagstar Financial’s payout ratio is presently -1.54%.

Hedge Funds Weigh In On Flagstar Financial

Large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. purchased a new position in Flagstar Financial in the 1st quarter worth $45,000. Brooklyn Investment Group purchased a new position in Flagstar Financial in the 1st quarter worth $51,000. Arete Wealth Advisors LLC purchased a new position in Flagstar Financial in the 1st quarter worth $94,000. Bayforest Capital Ltd purchased a new position in Flagstar Financial in the 1st quarter worth $97,000. Finally, Strs Ohio purchased a new position in Flagstar Financial in the 1st quarter worth $102,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

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.