Flagstar Bank, National Association (NYSE:FLG) Price Target Raised to $14.00 at Keefe, Bruyette & Woods

Flagstar Bank, National Association (NYSE:FLG) had its target price hoisted by analysts at Keefe, Bruyette & Woods from $13.50 to $14.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 3.36% from the company’s previous close.

Several other equities research analysts have also recently commented on FLG. DA Davidson reissued a “buy” rating and issued a $14.50 target price on shares of Flagstar Bank, National Association in a research note on Thursday, November 13th. UBS Group lowered their price objective on Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Barclays raised their target price on shares of Flagstar Bank, National Association from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research report on Thursday, January 22nd. Finally, Cantor Fitzgerald increased their price objective on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Flagstar Bank, National Association currently has an average rating of “Hold” and a consensus price target of $14.35.

Flagstar Bank, National Association Price Performance

NYSE:FLG traded up $0.33 during mid-day trading on Monday, reaching $13.55. 1,394,926 shares of the company were exchanged, compared to its average volume of 5,066,936. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.59. The stock has a market cap of $5.63 billion, a PE ratio of -26.56, a PEG ratio of 0.57 and a beta of 1.10. Flagstar Bank, National Association has a 12 month low of $9.64 and a 12 month high of $13.85. The company has a fifty day moving average of $12.79 and a 200 day moving average of $12.15.

Flagstar Bank, National Association (NYSE:FLG) last announced its earnings results on Friday, January 30th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $548.00 million for the quarter, compared to analyst estimates of $533.00 million. Flagstar Bank, National Association had a negative net margin of 3.68% and a negative return on equity of 1.60%. Flagstar Bank, National Association’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.41) earnings per share. On average, research analysts anticipate that Flagstar Bank, National Association will post -0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Flagstar Bank, National Association

Large investors have recently bought and sold shares of the company. CWM LLC bought a new position in shares of Flagstar Bank, National Association during the second quarter worth $28,000. Financial Freedom LLC acquired a new position in Flagstar Bank, National Association in the second quarter valued at about $31,000. Ameritas Advisory Services LLC bought a new stake in shares of Flagstar Bank, National Association in the third quarter worth about $33,000. Advisory Services Network LLC acquired a new stake in shares of Flagstar Bank, National Association during the third quarter worth about $35,000. Finally, Clayton Financial Group LLC acquired a new position in shares of Flagstar Bank, National Association in the 4th quarter valued at approximately $42,000. 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.