Flagstar Financial (FLG) Expected to Announce Quarterly Earnings on Wednesday

Flagstar Financial (NYSE:FLG) will likely be posting its quarterly earnings results before the market opens on Wednesday, January 29th. Analysts expect Flagstar Financial to post earnings of ($0.51) per share and revenue of $489,840.00 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Flagstar Financial Trading Up 1.0 %

Shares of Flagstar Financial stock opened at $9.48 on Monday. The company has a market capitalization of $3.94 billion, a P/E ratio of -2.17 and a beta of 1.09. The stock’s fifty day moving average is $10.16. Flagstar Financial has a 12-month low of $5.10 and a 12-month high of $31.56. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.14 and a quick ratio of 1.12.

Flagstar Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. UBS Group began coverage on shares of Flagstar Financial in a report on Tuesday, December 17th. They set a “neutral” rating and a $11.50 price target on the stock. JPMorgan Chase & Co. cut their target price on Flagstar Financial from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, Compass Point upped their target price on Flagstar Financial from $11.50 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th.

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.