Flagstar Financial (NYSE:FLG) Issues Quarterly Earnings Results

Flagstar Financial (NYSE:FLG) issued its earnings results on Thursday. The company reported ($0.34) earnings per share (EPS) for the quarter, topping 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 Stock Performance

NYSE:FLG traded up $1.63 during mid-day trading on Thursday, hitting $11.23. The company had a trading volume of 7,726,238 shares, compared to its average volume of 4,892,827. The company has a fifty day moving average price of $10.12. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 2.52. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of -2.58 and a beta of 1.09. Flagstar Financial has a fifty-two week low of $5.10 and a fifty-two week high of $21.54.

Flagstar Financial Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently commented on FLG shares. Compass Point boosted their price objective on shares of Flagstar Financial from $11.50 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. UBS Group began coverage on Flagstar Financial in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $11.50 target price on the stock. Finally, JPMorgan Chase & Co. lowered their target price on Flagstar Financial from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th.

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.