Flagstar Financial (NYSE:FLG) Price Target Raised to $12.50

Flagstar Financial (NYSE:FLG) had its target price raised by JPMorgan Chase & Co. from $11.00 to $12.50 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 5.22% from the stock’s current price.

FLG has been the subject of several other reports. Barclays raised their price objective on shares of Flagstar Financial from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday. Compass Point boosted their price objective on Flagstar Financial from $11.50 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. DA Davidson upgraded Flagstar Financial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $12.00 to $14.50 in a research note on Friday. Finally, UBS Group assumed coverage on Flagstar Financial in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $11.50 target price for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.90.

Flagstar Financial Trading Up 7.4 %

NYSE:FLG traded up $0.82 on Friday, reaching $11.88. The stock had a trading volume of 6,979,830 shares, compared to its average volume of 5,491,590. Flagstar Financial has a 12-month low of $5.10 and a 12-month high of $21.54. The company has a market cap of $4.93 billion, a PE ratio of -2.72 and a beta of 1.09. 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’s 50-day moving average price is $10.11.

Flagstar Financial (NYSE:FLG) last released its earnings results on Thursday, January 30th. The company reported ($0.34) EPS for the quarter, beating the consensus estimate of ($0.51) by $0.17. Flagstar Financial had a negative return on equity of 11.35% and a negative net margin of 18.40%. On average, equities 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.