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

Flagstar Financial (NYSE:FLG) released its quarterly earnings data 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

Shares of Flagstar Financial stock opened at $11.84 on Friday. The stock’s 50-day moving average is $10.11. Flagstar Financial has a one year low of $5.10 and a one year high of $21.54. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.14 and a quick ratio of 1.12.

Flagstar Financial Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th were paid a $0.01 dividend. This represents a dividend yield of 0.33%. The ex-dividend date was Friday, December 6th. Flagstar Financial’s payout ratio is presently -0.92%.

Analysts Set New Price Targets

FLG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted 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. Barclays upped their target price on shares of Flagstar Financial from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group initiated coverage on shares of Flagstar Financial in a research note on Tuesday, December 17th. They set a “neutral” rating and a $11.50 target price for the company. DA Davidson raised shares of Flagstar Financial from a “neutral” rating to a “buy” rating and boosted their price target for the company from $12.00 to $14.50 in a research note on Friday. Finally, Compass Point increased their price objective on shares of Flagstar Financial from $11.50 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Flagstar Financial currently has a consensus rating of “Hold” and an average price target of $12.90.

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.