Flagstar Financial (NYSE:FLG) Receives “Equal Weight” Rating from Stephens

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

A number of other research firms have also weighed in on FLG. Jefferies Financial Group began coverage on Flagstar Financial in a research note on Wednesday, May 21st. They issued a “buy” rating and a $15.00 target price for the company. Wall Street Zen lowered Flagstar Financial from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Citigroup boosted their target price on Flagstar Financial from $15.00 to $15.50 and gave the company a “buy” rating in a research note on Thursday, May 15th. Finally, Truist Financial began coverage on Flagstar Financial in a research note on Tuesday, May 13th. They issued a “hold” rating and a $13.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.39.

Flagstar Financial Price Performance

FLG opened at $11.41 on Thursday. The stock has a 50-day moving average price of $11.51 and a 200-day moving average price of $11.17. Flagstar Financial has a 12-month low of $8.56 and a 12-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 has a market capitalization of $4.74 billion, a P/E ratio of -3.09 and a beta of 1.13.

Flagstar Financial (NYSE:FLG) last posted its quarterly earnings data on Friday, April 25th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.03. Flagstar Financial had a negative return on equity of 10.72% and a negative net margin of 17.16%. The firm had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $511.00 million. Flagstar Financial’s revenue was down 22.6% compared to the same quarter last year. Equities analysts predict that Flagstar Financial will post -0.31 earnings per share for the current fiscal year.

Flagstar Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Saturday, June 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 0.35%. The ex-dividend date is Friday, June 6th. Flagstar Financial’s payout ratio is -1.54%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Liberty 77 Capital L.P. bought a new position in Flagstar Financial during the 1st quarter valued at approximately $871,500,000. Reverence Capital Partners L.P. bought a new position in Flagstar Financial during the 1st quarter valued at approximately $418,101,000. Vanguard Group Inc. bought a new position in Flagstar Financial during the 1st quarter valued at approximately $378,161,000. T. Rowe Price Investment Management Inc. bought a new position in Flagstar Financial during the 1st quarter valued at approximately $76,911,000. Finally, Azora Capital LP bought a new position in Flagstar Financial during the 1st quarter valued at approximately $74,133,000. 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.