Flagstar Financial (NYSE:FLG) Upgraded at DA Davidson

DA Davidson upgraded shares of Flagstar Financial (NYSE:FLG) from a neutral rating to a buy rating in a research report sent to investors on Friday morning, Marketbeat.com reports. They currently have $14.50 price objective on the stock, up from their prior price objective of $12.00.

A number of other analysts have also recently weighed in on FLG. UBS Group initiated coverage on shares of Flagstar Financial in a report on Tuesday, December 17th. They set a “neutral” rating and a $11.50 target price on the stock. Compass Point increased their target price on shares of Flagstar Financial from $11.50 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Flagstar Financial from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.90.

Flagstar Financial Price Performance

FLG opened at $11.84 on Friday. The firm has a market capitalization of $4.91 billion, a PE ratio of -2.72 and a beta of 1.09. The company has a fifty day moving average of $10.11. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 2.52. Flagstar Financial has a 12-month low of $5.10 and a 12-month high of $21.54.

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

Flagstar Financial Dividend Announcement

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

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.