Flagstar Financial (NYSE:FLG) Issues Quarterly Earnings Results, Beats Estimates By $0.17 EPS

Flagstar Financial (NYSE:FLG) released its quarterly earnings results on Thursday. The company reported ($0.34) EPS for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.17, Zacks reports. Flagstar Financial had a negative return on equity of 11.35% and a negative net margin of 18.40%.

Flagstar Financial Price Performance

FLG opened at $11.03 on Friday. 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. The firm has a market cap of $4.58 billion, a PE ratio of -2.53 and a beta of 1.09. The company has a 50 day simple moving average of $10.10.

Flagstar Financial Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 17th. Shareholders 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 yield of 0.33%. Flagstar Financial’s payout ratio is currently -0.92%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FLG shares. Compass Point boosted their target price on shares of Flagstar Financial from $11.50 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. decreased 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. Finally, UBS Group started coverage on shares of Flagstar Financial in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $11.50 price target on the stock.

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.