DA Davidson Boosts Earnings Estimates for Flagstar Financial

Flagstar Financial, Inc. (NYSE:FLG - Free Report) - DA Davidson raised their FY2025 earnings per share estimates for shares of Flagstar Financial in a research note issued to investors on Monday, February 3rd. DA Davidson analyst P. Winter now expects that the company will post earnings of ($0.32) per share for the year, up from their previous forecast of ($0.33). DA Davidson currently has a "Buy" rating and a $14.50 price objective on the stock. The consensus estimate for Flagstar Financial's current full-year earnings is ($0.32) per share.

Flagstar Financial (NYSE:FLG - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported ($0.34) earnings per share for the quarter, topping the consensus estimate 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%.

Other research analysts have also recently issued research reports about the company. Compass Point raised their price target on Flagstar Financial from $11.50 to $12.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lifted their price target on Flagstar Financial from $11.00 to $12.50 and gave the company a "neutral" rating in a research note on Friday, January 31st. UBS Group started coverage on shares of Flagstar Financial in a report on Tuesday, December 17th. They issued a "neutral" rating and a $11.50 target price for the company. Finally, Barclays upped their price target on shares of Flagstar Financial from $13.00 to $14.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $12.90.

Flagstar Financial Price Performance

Flagstar Financial stock traded down $0.41 during midday trading on Wednesday, hitting $12.34. The company's stock had a trading volume of 6,474,432 shares, compared to its average volume of 6,456,911. 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 company has a market capitalization of $5.12 billion, a P/E ratio of -3.34 and a beta of 1.11. The company has a 50-day simple moving average of $10.13. Flagstar Financial has a 1-year low of $5.10 and a 1-year high of $16.59.

Flagstar Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.04 annualized dividend and a yield of 0.32%. Flagstar Financial's payout ratio is -1.08%.

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.