Flagstar Bank, National Association (NYSE:FLG) Given New $15.00 Price Target at Morgan Stanley

Flagstar Bank, National Association (NYSE:FLG) had its price objective increased by research analysts at Morgan Stanley from $14.00 to $15.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 0.24% from the stock’s current price.

A number of other research firms have also issued reports on FLG. Barclays increased their target price on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. Wall Street Zen raised Flagstar Bank, National Association from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Piper Sandler increased their price objective on Flagstar Bank, National Association from $16.50 to $17.50 and gave the company an “overweight” rating in a research note on Friday. Royal Bank Of Canada lifted their target price on Flagstar Bank, National Association from $15.00 to $16.00 and gave the company a “sector perform” rating in a report on Monday, April 27th. Finally, Citigroup boosted their target price on Flagstar Bank, National Association from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.75.

Flagstar Bank, National Association Trading Down 2.1%

NYSE FLG traded down $0.32 on Monday, reaching $14.96. The stock had a trading volume of 5,518,421 shares, compared to its average volume of 5,136,047. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of -68.02 and a beta of 1.02. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.47. Flagstar Bank, National Association has a 12-month low of $10.55 and a 12-month high of $15.36. The stock has a fifty day moving average price of $14.23 and a two-hundred day moving average price of $13.54.

Flagstar Bank, National Association (NYSE:FLG) last posted its earnings results on Friday, April 24th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. Flagstar Bank, National Association had a negative return on equity of 0.11% and a negative net margin of 1.22%.The firm had revenue of $507.00 million for the quarter, compared to analyst estimates of $556.74 million. During the same quarter in the prior year, the company earned ($0.26) EPS. Flagstar Bank, National Association’s revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts forecast that Flagstar Bank, National Association will post 0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Flagstar Bank, National Association

Several large investors have recently bought and sold shares of FLG. DV Equities LLC purchased a new stake in Flagstar Bank, National Association during the 4th quarter worth about $25,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Flagstar Bank, National Association during the 4th quarter worth about $34,000. Litman Gregory Wealth Management LLC purchased a new stake in Flagstar Bank, National Association during the fourth quarter worth approximately $34,000. Advisory Services Network LLC purchased a new stake in Flagstar Bank, National Association during the third quarter worth approximately $35,000. Finally, Clayton Financial Group LLC acquired a new position in Flagstar Bank, National Association in the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Flagstar Bank, National Association Company Profile

Flagstar Financial Corporation (NYSE: FLG) is a bank holding company whose principal subsidiary, Flagstar Bank, provides a range of financial services across the United States. Headquartered in Troy, Michigan, Flagstar combines commercial banking, mortgage lending and servicing, and deposit products to serve individuals, businesses and public entities. As a publicly traded company, Flagstar leverages its banking charter and national mortgage platform to deliver tailored financial solutions through both digital and branch channels.

The company’s mortgage business is one of the largest residential originators and servicers in the nation, offering retail, wholesale and correspondent lending channels.