Flagstar Bank, National Association (NYSE:FLG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Flagstar Bank, National Association (NYSE:FLG) has been assigned an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $16.7917.

A number of brokerages have recently commented on FLG. JPMorgan Chase & Co. boosted their price target on Flagstar Bank, National Association from $15.50 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Royal Bank Of Canada reduced their price objective on Flagstar Bank, National Association from $16.00 to $15.00 and set a “sector perform” rating for the company in a research report on Monday, July 27th. UBS Group initiated coverage on Flagstar Bank, National Association in a research note on Tuesday, July 7th. They set a “buy” rating and a $18.00 price objective for the company. Weiss Ratings downgraded Flagstar Bank, National Association from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, August 3rd. Finally, Morgan Stanley increased their target price on Flagstar Bank, National Association from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th.

Flagstar Bank, National Association Trading Down 0.0%

NYSE:FLG opened at $14.25 on Monday. Flagstar Bank, National Association has a one year low of $10.57 and a one year high of $15.44. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.90 and a quick ratio of 0.90. The company’s 50-day simple moving average is $14.60 and its 200 day simple moving average is $13.94. The firm has a market capitalization of $5.91 billion, a P/E ratio of 474.87 and a beta of 1.01.

Flagstar Bank, National Association (NYSE:FLG) last announced its quarterly earnings data on Friday, July 24th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Flagstar Bank, National Association had a return on equity of 0.98% and a net margin of 1.08%.The business had revenue of $512.00 million during the quarter, compared to analysts’ expectations of $539.34 million. During the same quarter last year, the company posted ($0.14) EPS. Flagstar Bank, National Association’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, analysts forecast that Flagstar Bank, National Association will post 0.35 EPS for the current fiscal year.

Flagstar Bank, National Association Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Monday, September 7th will be paid a $0.01 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. Flagstar Bank, National Association’s payout ratio is presently 133.33%.

Flagstar Bank, National Association declared that its Board of Directors has initiated a share buyback program on Friday, July 24th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 4.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. DV Equities LLC bought a new position in shares of Flagstar Bank, National Association in the fourth quarter worth approximately $25,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Flagstar Bank, National Association during the fourth quarter valued at approximately $34,000. Litman Gregory Wealth Management LLC bought a new stake in shares of Flagstar Bank, National Association during the fourth quarter valued at approximately $34,000. Advisory Services Network LLC bought a new stake in shares of Flagstar Bank, National Association during the third quarter valued at approximately $35,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Flagstar Bank, National Association in the 4th quarter worth approximately $42,000. 67.88% of the stock is owned by hedge funds and other 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.