Flagstar Financial (NYSE:FLG) Price Target Raised to $12.50

Flagstar Financial (NYSE:FLG) had its target price lifted by JPMorgan Chase & Co. from $11.00 to $12.50 in a report issued on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

FLG has been the subject of several other reports. Compass Point lifted their price target on Flagstar Financial from $11.50 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. UBS Group assumed coverage on Flagstar Financial in a research note on Tuesday, December 17th. They set a “neutral” rating and a $11.50 price objective on the stock. Barclays lifted their price target on Flagstar Financial from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday. Finally, DA Davidson upgraded Flagstar Financial from a “neutral” rating to a “buy” rating and lifted their price target for the company from $12.00 to $14.50 in a research note on Friday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.90.

Flagstar Financial Stock Performance

Shares of NYSE FLG opened at $11.84 on Friday. The company’s 50 day moving average is $10.11. Flagstar Financial has a 52 week low of $5.10 and a 52 week high of $21.54. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 2.52. The firm has a market capitalization of $4.91 billion, a PE ratio of -2.72 and a beta of 1.09.

Flagstar Financial (NYSE:FLG) last released its quarterly earnings data on Thursday, January 30th. The company reported ($0.34) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, research analysts forecast that Flagstar Financial will post -3.02 EPS for the current year.

Flagstar Financial Announces Dividend

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