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

Flagstar Bank, National Association (NYSE:FLG) had its price objective raised by investment analysts at Barclays from $14.00 to $15.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 10.58% from the stock’s previous close.

Several other equities research analysts have also recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research report on Wednesday, October 8th. Cantor Fitzgerald upped their target price on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday. UBS Group lowered their price target on Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. DA Davidson reiterated a “buy” rating and set a $14.50 price objective on shares of Flagstar Bank, National Association in a research report on Thursday, November 13th. Finally, Truist Financial raised their target price on Flagstar Bank, National Association from $12.00 to $13.50 and gave the stock a “hold” rating in a research report on Friday, September 12th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Flagstar Bank, National Association presently has an average rating of “Hold” and a consensus target price of $14.32.

Flagstar Bank, National Association Stock Up 0.6%

Shares of NYSE FLG traded up $0.09 on Friday, reaching $13.57. 2,998,868 shares of the company’s stock traded hands, compared to its average volume of 5,932,092. The business’s 50 day simple moving average is $11.81 and its two-hundred day simple moving average is $11.79. Flagstar Bank, National Association has a 12 month low of $8.56 and a 12 month high of $13.85. The company has a market cap of $5.64 billion, a price-to-earnings ratio of -14.00 and a beta of 1.11. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 1.73.

Flagstar Bank, National Association (NYSE:FLG) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter. Flagstar Bank, National Association had a negative return on equity of 3.80% and a negative net margin of 7.06%.The company had revenue of $498.00 million during the quarter. As a group, equities research analysts forecast that Flagstar Bank, National Association will post -0.31 EPS for the current fiscal year.

Institutional Trading of Flagstar Bank, National Association

A number of institutional investors and hedge funds have recently bought and sold shares of FLG. Invesco Ltd. bought a new stake in shares of Flagstar Bank, National Association in the 1st quarter valued at approximately $8,460,000. Nuveen LLC purchased a new stake in Flagstar Bank, National Association during the 1st quarter valued at $8,949,000. HighTower Advisors LLC bought a new stake in Flagstar Bank, National Association in the first quarter worth $211,000. Russell Investments Group Ltd. purchased a new position in Flagstar Bank, National Association during the first quarter worth $2,706,000. Finally, American Century Companies Inc. purchased a new position in Flagstar Bank, National Association during the first quarter worth $405,000. 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.