Flagstar Financial (NYSE:FLG) Price Target Raised to $14.00

Flagstar Financial (NYSE:FLG) had its price objective lifted by Barclays from $13.00 to $14.00 in a research report released on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities analysts also recently issued reports about the company. UBS Group began coverage on Flagstar Financial in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $11.50 target price for the company. JPMorgan Chase & Co. decreased their price target on Flagstar Financial from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Compass Point increased 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. Finally, DA Davidson raised 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 research note on Friday. Three equities research 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 company has a consensus rating of “Hold” and a consensus price target of $12.90.

Flagstar Financial Stock Up 7.1 %

Shares of FLG stock opened at $11.84 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 2.52. Flagstar Financial has a twelve month low of $5.10 and a twelve month high of $21.54. The company has a market cap of $4.91 billion, a P/E ratio of -2.72 and a beta of 1.09. The stock’s fifty day simple moving average is $10.11.

Flagstar Financial (NYSE:FLG) last posted its earnings results on Thursday, January 30th. The company reported ($0.34) EPS for the quarter, beating the consensus estimate of ($0.51) by $0.17. Flagstar Financial had a negative return on equity of 11.35% and a negative net margin of 18.40%. As a group, equities research analysts anticipate that Flagstar Financial will post -3.02 earnings per share for the current fiscal year.

Flagstar Financial Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 9th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a yield of 0.33%. Flagstar Financial’s dividend payout ratio is currently -0.92%.

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.