Flagstar Financial, Inc. (NYSE:FLG) Receives Average Recommendation of "Moderate Buy" from Brokerages

Flagstar Financial, Inc. (NYSE:FLG - Get Free Report) has received an average 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 12 month price target among analysts that have updated their coverage on the stock in the last year is $13.25.

FLG has been the subject of several recent research reports. Citigroup raised shares of Flagstar Financial from a "neutral" rating to a "buy" rating and increased their target price for the company from $13.50 to $15.00 in a research note on Friday, April 4th. DA Davidson upgraded Flagstar Financial from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $12.00 to $14.50 in a report on Friday, January 31st. UBS Group started coverage on Flagstar Financial in a research report on Tuesday, December 17th. They set a "neutral" rating and a $11.50 target price on the stock. Barclays increased their price target on Flagstar Financial from $13.00 to $14.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Compass Point boosted their price objective on Flagstar Financial from $11.50 to $12.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th.

Flagstar Financial Stock Performance

Shares of FLG stock traded down $0.03 during mid-day trading on Friday, hitting $10.37. 4,056,866 shares of the stock traded hands, compared to its average volume of 6,096,708. Flagstar Financial has a twelve month low of $7.86 and a twelve month high of $13.35. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.88. The stock's 50-day simple moving average is $11.89. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of -2.81 and a beta of 1.17.

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Flagstar Financial (NYSE:FLG - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported ($0.34) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.51) by $0.17. Flagstar Financial had a negative return on equity of 10.72% and a negative net margin of 17.16%. Analysts forecast that Flagstar Financial will post -0.31 earnings per share for the current year.

Flagstar Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, March 7th were given a dividend of $0.01 per share. The ex-dividend date was Friday, March 7th. This represents a $0.04 dividend on an annualized basis and a yield of 0.39%. Flagstar Financial's payout ratio is presently -1.08%.

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.