Flagstar Financial (NYSE:FLG) Rating Lowered to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Flagstar Financial (NYSE:FLG) from a hold rating to a sell rating in a report issued on Thursday morning.

Several other equities research analysts have also recently issued reports on FLG. Truist Financial initiated coverage on Flagstar Financial in a report on Tuesday, May 13th. They set a “hold” rating and a $13.00 price objective on the stock. Jefferies Financial Group initiated coverage on shares of Flagstar Financial in a research note on Wednesday. They set a “buy” rating and a $15.00 price objective for the company. Barclays increased their target price on Flagstar Financial from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. DA Davidson raised shares of Flagstar Financial from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $12.00 to $14.50 in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their target price on Flagstar Financial from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Flagstar Financial has a consensus rating of “Hold” and a consensus target price of $13.50.

Flagstar Financial Stock Performance

Shares of FLG stock opened at $11.84 on Thursday. The firm has a market capitalization of $4.91 billion, a PE ratio of -3.21 and a beta of 1.14. 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 has a 1 year low of $8.56 and a 1 year high of $13.35. The business’s fifty day moving average price is $11.51.

Flagstar Financial (NYSE:FLG) last posted its earnings results on Friday, April 25th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.03. The firm had revenue of $490.00 million for the quarter, compared to analyst estimates of $511.00 million. Flagstar Financial had a negative return on equity of 10.72% and a negative net margin of 17.16%. The business’s revenue was down 22.6% on a year-over-year basis. As a group, equities research analysts predict that Flagstar Financial will post -0.31 earnings per share for the current year.

Flagstar Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Saturday, June 7th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.04 annualized dividend and a yield of 0.34%. Flagstar Financial’s dividend payout ratio (DPR) is -1.54%.

Institutional Trading of Flagstar Financial

Hedge funds have recently made changes to their positions in the stock. Liberty 77 Capital L.P. bought a new stake in shares of Flagstar Financial during the first quarter valued at approximately $871,500,000. Reverence Capital Partners L.P. acquired a new stake in shares of Flagstar Financial during the first quarter worth $418,101,000. Vanguard Group Inc. acquired a new stake in Flagstar Financial during the 1st quarter worth about $378,161,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Flagstar Financial in the 1st quarter valued at approximately $76,911,000. Finally, Azora Capital LP purchased a new stake in shares of Flagstar Financial in the first quarter valued at $74,133,000. Institutional investors own 67.88% of the company’s stock.

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.