Flagstar Financial (NYSE:FLG) Upgraded by Citigroup to "Buy" Rating

Flagstar Financial (NYSE:FLG - Get Free Report) was upgraded by investment analysts at Citigroup from a "neutral" rating to a "buy" rating in a report issued on Friday, MarketBeat.com reports. The firm currently has a $15.00 price objective on the stock, up from their previous price objective of $13.50. Citigroup's price objective would suggest a potential upside of 44.65% from the stock's previous close.

FLG has been the subject of several other research reports. Compass Point lifted 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. DA Davidson raised shares of Flagstar Financial from a "neutral" rating to a "buy" rating and boosted their target price for the company from $12.00 to $14.50 in a report on Friday, January 31st. Barclays increased their price objective on Flagstar Financial from $13.00 to $14.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. UBS Group started coverage on shares of Flagstar Financial in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $11.50 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price target on shares of Flagstar Financial from $11.00 to $12.50 and gave the company a "neutral" rating in a research report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $13.25.

Flagstar Financial Stock Down 0.3 %

NYSE FLG traded down $0.03 during trading hours on Friday, reaching $10.37. 4,056,866 shares of the company were exchanged, compared to its average volume of 6,096,708. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 1.88. The company has a market cap of $4.30 billion, a PE ratio of -2.81 and a beta of 1.17. Flagstar Financial has a 1 year low of $7.86 and a 1 year high of $13.35. The firm has a 50 day simple moving average of $11.89.

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

Flagstar Financial Company Profile

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.