Flagstar Financial (NYSE:FLG) Trading 4.7% Higher – Should You Buy?

Flagstar Financial, Inc. (NYSE:FLG)’s stock price was up 4.7% on Tuesday . The stock traded as high as $12.87 and last traded at $12.87. Approximately 4,356,419 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 6,176,174 shares. The stock had previously closed at $12.29.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FLG shares. Compass Point raised 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. 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 target price for the company. JPMorgan Chase & Co. raised their target price on shares of Flagstar Financial from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. Barclays raised their target price on shares of Flagstar Financial from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, DA Davidson raised shares of Flagstar Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $12.00 to $14.50 in a research note on Friday, January 31st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Flagstar Financial currently has a consensus rating of “Hold” and a consensus target price of $12.90.

Flagstar Financial Price Performance

The firm’s 50-day moving average price is $10.14. The firm has a market capitalization of $5.36 billion, a P/E ratio of -3.50 and a beta of 1.11. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.09 and a current ratio of 1.10.

Flagstar Financial (NYSE:FLG) last posted its quarterly earnings data on Thursday, January 30th. The company reported ($0.34) earnings per share for the quarter, topping the consensus estimate of ($0.51) by $0.17. Flagstar Financial had a negative net margin of 17.16% and a negative return on equity of 10.72%. As a group, analysts expect that Flagstar Financial, Inc. will post -0.32 EPS for the current fiscal year.

Flagstar Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.31%. The ex-dividend date is Friday, March 7th. Flagstar Financial’s payout ratio is -1.08%.

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.