Flagstar Financial (FLG) to Release Earnings on Wednesday

Flagstar Financial (NYSE:FLG) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of ($0.51) per share and revenue of $489,840.00 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Flagstar Financial Stock Up 2.2 %

Shares of NYSE FLG opened at $9.72 on Tuesday. The business has a fifty day moving average price of $10.16. Flagstar Financial has a 52 week low of $5.10 and a 52 week high of $31.56. 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 $4.03 billion, a P/E ratio of -2.23 and a beta of 1.09.

Flagstar Financial Dividend Announcement

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

Analysts Set New Price Targets

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

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.