Flagstar Bank, National Association (NYSE:FLG) Receives $15.39 Average Price Target from Brokerages

Shares of Flagstar Bank, National Association (NYSE:FLG) have received an average rating of “Hold” from the fifteen analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $15.3929.

A number of research firms have issued reports on FLG. Weiss Ratings restated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research report on Tuesday, April 21st. Keefe, Bruyette & Woods upgraded shares of Flagstar Bank, National Association from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $14.00 to $16.00 in a research report on Friday, March 13th. JPMorgan Chase & Co. boosted their price objective on shares of Flagstar Bank, National Association from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Wall Street Zen upgraded shares of Flagstar Bank, National Association from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Barclays boosted 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 research report on Tuesday, April 7th.

Institutional Investors Weigh In On Flagstar Bank, National Association

Institutional investors and hedge funds have recently modified their holdings of the stock. DV Equities LLC purchased a new stake in shares of Flagstar Bank, National Association in the 4th quarter worth about $25,000. Litman Gregory Wealth Management LLC purchased a new stake in shares of Flagstar Bank, National Association in the 4th quarter worth about $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Flagstar Bank, National Association in the 4th quarter worth about $34,000. Ameritas Advisory Services LLC purchased a new stake in shares of Flagstar Bank, National Association in the 3rd quarter worth about $33,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Flagstar Bank, National Association in the 3rd quarter worth about $35,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

Flagstar Bank, National Association Price Performance

FLG stock opened at $13.22 on Friday. The firm’s 50-day moving average price is $13.49 and its two-hundred day moving average price is $12.95. Flagstar Bank, National Association has a 12-month low of $10.38 and a 12-month high of $14.92. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of -60.10 and a beta of 1.03. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.47.

Flagstar Bank, National Association (NYSE:FLG) last released its quarterly earnings data on Friday, April 24th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Flagstar Bank, National Association had a negative net margin of 1.22% and a negative return on equity of 0.11%. The firm had revenue of $507.00 million for the quarter, compared to analysts’ expectations of $556.74 million. During the same quarter in the previous year, the company earned ($0.26) earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities analysts predict that Flagstar Bank, National Association will post 0.47 earnings per share for the current year.

Flagstar Bank, National Association Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Sunday, June 7th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, June 5th. Flagstar Bank, National Association’s dividend payout ratio (DPR) is currently -18.18%.

About Flagstar Bank, National Association

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.