Flagstar Bank, National Association (NYSE:FLG) Receives $15.83 Consensus PT from Analysts

Flagstar Bank, National Association (NYSE:FLG) has been assigned an average recommendation of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $15.9167.

FLG has been the topic of a number of research reports. Piper Sandler lifted their price target on shares of Flagstar Bank, National Association from $16.50 to $17.50 and gave the company an “overweight” rating in a research note on Friday, June 26th. Keefe, Bruyette & Woods upgraded shares of Flagstar Bank, National Association from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $14.00 to $16.00 in a report on Friday, March 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a report on Tuesday, April 21st. Truist Financial raised shares of Flagstar Bank, National Association from a “hold” rating to a “buy” rating and boosted their price objective for the company from $13.50 to $17.00 in a research report on Tuesday, April 7th. Finally, Royal Bank Of Canada upped their target price on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Monday, April 27th.

Flagstar Bank, National Association Trading Down 0.0%

NYSE FLG opened at $14.59 on Friday. Flagstar Bank, National Association has a one year low of $10.57 and a one year high of $15.36. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $6.08 billion, a P/E ratio of -66.30 and a beta of 1.01. The stock’s 50-day moving average is $14.26 and its 200-day moving average is $13.60.

Flagstar Bank, National Association (NYSE:FLG) last issued its quarterly earnings data on Friday, April 24th. The company reported $0.04 earnings per share (EPS) for the quarter, beating 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 business had revenue of $507.00 million during the quarter, compared to analyst estimates of $556.74 million. During the same period in the previous year, the firm earned ($0.26) EPS. Flagstar Bank, National Association’s quarterly revenue was up 1.6% compared to the same quarter last year. Sell-side analysts anticipate that Flagstar Bank, National Association will post 0.44 earnings per share for the current fiscal year.

Flagstar Bank, National Association Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Sunday, June 7th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, June 5th. Flagstar Bank, National Association’s payout ratio is -18.18%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. DV Equities LLC bought a new stake in Flagstar Bank, National Association in the 4th quarter valued at approximately $25,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Flagstar Bank, National Association during the 4th quarter worth approximately $34,000. Litman Gregory Wealth Management LLC bought a new position in shares of Flagstar Bank, National Association during the 4th quarter worth approximately $34,000. Advisory Services Network LLC bought a new position in shares of Flagstar Bank, National Association during the 3rd quarter worth approximately $35,000. Finally, Clayton Financial Group LLC acquired a new stake in shares of Flagstar Bank, National Association in the fourth quarter valued at approximately $42,000. 67.88% of the stock is currently owned by institutional investors.

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.