These Analysts Cut Their Forecasts On Flagstar Financial Following Q2 Earnings

Flagstar Financial (NYSE: FLG ) on Friday reported worse-than-expected second- quarter earnings results . Flagstar Financial reported quarterly earnings of 5 cents per share which missed the analyst consensus estimate of 7 cents per share. The company reported quarterly sales of $516.000 million which beat the analyst consensus estimate of $491.615 million. Flagstar Financial shares slipped 0.3% to trade at $13.81 on Monday. These analysts made changes to their price targets on Flagstar Financial following earnings announcement. RBC Capital analyst Jon G. Arfstrom maintained the stock with a Sector Perform and lowered the price target from $16 to $15. TD Cowen analyst Janet Lee maintained the stock with a Buy and lowered the price target from $18 to $17.