Barclays analyst Jared Shaw maintained a Buy rating on Flagstar Financial today and set a price target of $14.00. The company’s shares closed last Friday at $11.39.
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Shaw covers the Financial sector, focusing on stocks such as Flagstar Financial, UMB Financial, and Cadence Bank. According to TipRanks, Shaw has an average return of 1.1% and a 53.28% success rate on recommended stocks.
Currently, the analyst consensus on Flagstar Financial is a Moderate Buy with an average price target of $13.41.
Based on Flagstar Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.24 billion and a GAAP net loss of $100 million. In comparison, last year the company earned a revenue of $1.64 billion and had a GAAP net loss of $327 million
Read More on FLG:
- Flagstar Financial price target lowered to $12 from $13 at BofA
- Flagstar Financial Faces EPS Challenges Amid Positive Credit Trends and Uncertainties
- Cautious Hold Rating for Flagstar Financial Amid Lowered NII Guidance and Potential Rent Freeze Risks
- Flagstar Financial Shows Improvement Amidst Challenges
- Flagstar Financial Plans to Streamline Operations