Flagstar Financial (NYSE:FLG) Upgraded by DA Davidson to “Buy” Rating

Flagstar Financial (NYSE:FLG) was upgraded by investment analysts at DA Davidson from a “neutral” rating to a “buy” rating in a note issued to investors on Friday, Marketbeat Ratings reports. The brokerage presently has a $14.50 price objective on the stock, up from their previous price objective of $12.00. DA Davidson’s price objective suggests a potential upside of 31.46% from the stock’s previous close.

FLG has been the subject of several other reports. Compass Point increased their price objective on Flagstar Financial from $11.50 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lowered their target price on shares of Flagstar Financial from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Finally, UBS Group initiated coverage on shares of Flagstar Financial in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $11.50 price target on the stock.

Flagstar Financial Stock Performance

NYSE:FLG opened at $11.03 on Friday. Flagstar Financial has a one year low of $5.10 and a one year high of $21.54. The firm has a market capitalization of $4.58 billion, a PE ratio of -2.53 and a beta of 1.09. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.12 and a current ratio of 1.14. The firm has a 50 day moving average of $10.10.

Flagstar Financial (NYSE:FLG) last issued its 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 return on equity of 11.35% and a negative net margin of 18.40%. As a group, analysts predict that Flagstar Financial will post -3.02 earnings per share for the current fiscal year.

Flagstar Financial Company Profile

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.