Flagstar Financial (NYSE:FLG) Issues Earnings Results

Flagstar Financial (NYSE:FLG - Get Free Report) announced its earnings results on Thursday. The company reported ($0.34) EPS for the quarter, beating analysts' consensus estimates of ($0.51) by $0.17, Zacks reports. Flagstar Financial had a negative net margin of 17.16% and a negative return on equity of 10.72%.

Flagstar Financial Trading Down 1.2 %

FLG traded down $0.14 during trading on Monday, hitting $11.69. 7,618,097 shares of the company's stock were exchanged, compared to its average volume of 5,986,293. Flagstar Financial has a 1 year low of $5.10 and a 1 year high of $17.94. The stock's 50 day moving average is $10.11. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of -3.17 and a beta of 1.11. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.88.

Flagstar Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, March 7th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date is Friday, March 7th. Flagstar Financial's dividend payout ratio (DPR) is presently -1.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Flagstar Financial from $11.00 to $12.50 and gave the company a "neutral" rating in a research report on Friday. Compass Point lifted their price target on Flagstar Financial from $11.50 to $12.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. UBS Group started coverage on Flagstar Financial in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $11.50 price objective for the company. Barclays boosted their target price on shares of Flagstar Financial from $13.00 to $14.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, DA Davidson upgraded shares of Flagstar Financial from a "neutral" rating to a "buy" rating and increased their price target for the company from $12.00 to $14.50 in a report on Friday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Flagstar Financial has a consensus rating of "Hold" and a consensus target price of $12.90.

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.