Flagstar Financial (NYSE:FLG) Stock Price Expected to Rise, Barclays Analyst Says

Flagstar Financial (NYSE:FLG) had its price target increased by research analysts at Barclays from $13.00 to $14.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 18.24% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. DA Davidson raised shares of Flagstar Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $12.00 to $14.50 in a research report on Friday. Compass Point lifted 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. UBS Group began coverage on Flagstar Financial in a report on Tuesday, December 17th. They set a “neutral” rating and a $11.50 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Flagstar Financial from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.90.

Flagstar Financial Trading Up 7.1 %

Shares of NYSE:FLG opened at $11.84 on Friday. Flagstar Financial has a 12-month low of $5.10 and a 12-month high of $21.54. The stock has a market capitalization of $4.91 billion, a PE ratio of -2.72 and a beta of 1.09. The company’s fifty day moving average is $10.11. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 2.52.

Flagstar Financial (NYSE:FLG) last announced its quarterly earnings results on Thursday, January 30th. The company reported ($0.34) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.17. Flagstar Financial had a negative net margin of 18.40% and a negative return on equity of 11.35%. As a group, equities research analysts predict that Flagstar Financial will post -3.02 EPS for the current year.

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.