Flagstar Financial (NYSE:FLG) Rating Increased to Buy at Citigroup

Citigroup upgraded shares of Flagstar Financial (NYSE:FLG) from a neutral rating to a buy rating in a research report report published on Friday morning, MarketBeat Ratings reports. They currently have $15.00 price objective on the stock, up from their previous price objective of $13.50.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. raised their price target on Flagstar Financial from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Friday, January 31st. 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. DA Davidson raised shares of Flagstar Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $12.00 to $14.50 in a research note on Friday, January 31st. UBS Group started coverage on shares of Flagstar Financial in a research report on Tuesday, December 17th. They set a “neutral” rating and a $11.50 price objective on the stock. Finally, Barclays upped their target price on shares of Flagstar Financial from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Flagstar Financial presently has an average rating of “Moderate Buy” and an average price target of $13.25.

Flagstar Financial Trading Down 3.3 %

FLG stock opened at $10.43 on Friday. The company has a 50 day moving average price of $11.85. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.10 and a quick ratio of 1.09. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of -2.83 and a beta of 1.17. Flagstar Financial has a 12 month low of $7.86 and a 12 month high of $13.35.

Flagstar Financial (NYSE:FLG) last released its quarterly earnings results on Thursday, January 30th. The company reported ($0.34) EPS for the quarter, beating analysts’ consensus estimates 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%. Sell-side analysts predict that Flagstar Financial will post -0.31 EPS for the current year.

Flagstar Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, March 7th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Friday, March 7th. Flagstar Financial’s payout ratio is presently -1.08%.

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.