Cantor Fitzgerald Reaffirms “Overweight” Rating for Flagstar Bank, National Association (NYSE:FLG)

Flagstar Bank, National Association (NYSE:FLG)‘s stock had its “overweight” rating reissued by investment analysts at Cantor Fitzgerald in a report released on Tuesday, Benzinga reports. They currently have a $16.00 target price on the stock. Cantor Fitzgerald‘s target price would indicate a potential upside of 58.02% from the company’s previous close.

Several other brokerages have also issued reports on FLG. JPMorgan Chase & Co. cut their price objective on Flagstar Bank, National Association from $14.00 to $11.50 and set a “neutral” rating for the company in a report on Monday. Barclays dropped their price objective on Flagstar Bank, National Association from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday. Raymond James Financial assumed coverage on Flagstar Bank, National Association in a research note on Wednesday, September 2nd. They set a “market perform” rating on the stock. Morgan Stanley lowered their price target on Flagstar Bank, National Association from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, September 28th. Finally, UBS Group assumed coverage on Flagstar Bank, National Association in a report on Tuesday, July 7th. They set a “buy” rating and a $18.00 price objective on the stock. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Flagstar Bank, National Association has an average rating of “Moderate Buy” and an average target price of $14.54.

Flagstar Bank, National Association Price Performance

NYSE FLG traded down $0.10 on Tuesday, reaching $10.13. 10,025,537 shares of the stock traded hands, compared to its average volume of 5,140,498. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 67.50 and a beta of 1.05. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.53. The firm’s fifty day simple moving average is $12.46 and its 200 day simple moving average is $13.49. Flagstar Bank, National Association has a 12 month low of $10.06 and a 12 month high of $15.44.

Flagstar Bank, National Association (NYSE:FLG) last released its quarterly earnings data on Friday, October 23rd. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). The company had revenue of $530.00 million for the quarter, compared to the consensus estimate of $545.12 million. Flagstar Bank, National Association had a return on equity of 1.45% and a net margin of 2.22%. During the same period in the prior year, the business earned ($0.07) earnings per share. As a group, research analysts predict that Flagstar Bank, National Association will post 0.28 EPS for the current fiscal year.

Flagstar Bank, National Association announced that its board has approved a share buyback plan on Friday, July 24th that permits the company to repurchase $250 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 4.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Flagstar Bank, National Association

A number of large investors have recently added to or reduced their stakes in the company. Hourglass Capital LLC grew its holdings in shares of Flagstar Bank, National Association by 2.1% in the 3rd quarter. Hourglass Capital LLC now owns 240,100 shares of the company’s stock valued at $2,802,000 after acquiring an additional 5,000 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Flagstar Bank, National Association by 18.9% in the 3rd quarter. Inspire Investing LLC now owns 54,308 shares of the company’s stock valued at $634,000 after acquiring an additional 8,620 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Flagstar Bank, National Association by 57.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 46,401 shares of the company’s stock valued at $541,000 after purchasing an additional 16,996 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Flagstar Bank, National Association by 26.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 21,218 shares of the company’s stock valued at $248,000 after purchasing an additional 4,376 shares during the last quarter. Finally, Core Capital Management & Research inc. acquired a new stake in Flagstar Bank, National Association in the 2nd quarter valued at about $50,000. Institutional investors own 67.88% of the company’s stock.

Flagstar Bank, National Association News Summary

Here are the key news stories impacting Flagstar Bank, National Association this week:

• Positive Sentiment: Despite lowering its target from $15.50 to $14.50, UBS Group maintained a Buy rating, implying approximately 43% upside from the referenced price. UBS Adjusts Flagstar Bank Price Target
• Positive Sentiment: Citigroup also kept a Buy rating while reducing its target to $14 from $18, and TD Cowen, Truist Financial and Barclays continued to recommend buying or overweighting the shares. Citigroup Flagstar Recommendation
• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and set a $16 target, representing substantial potential appreciation if Flagstar’s outlook improves. Cantor Fitzgerald Flagstar Recommendation
• Neutral Sentiment: Multiple firms cut their targets, including RBC to $12 and JPMorgan to $11.50. RBC retained a Sector Perform rating, while JPMorgan moved to Neutral, indicating analysts see limited near-term catalysts despite targets remaining above the current share price. Flagstar Bank Analysis
• Negative Sentiment: Fitch affirmed Flagstar’s BB+ rating but lowered its outlook, citing a delayed recovery. The weaker outlook raises concerns about credit quality and the bank’s operating environment. Fitch Affirms Flagstar Bank
• Negative Sentiment: A reported investor investigation followed management’s linkage of Flagstar’s $12.9 billion rent-regulated apartment loan portfolio to frozen rents and rising capitalization rates. Those factors could pressure property values, loan performance and future earnings. Flagstar Investigation Notice

About Flagstar Bank, National Association

Flagstar Bank, National Association is a full-service regional bank and the principal banking subsidiary of Flagstar Financial, Inc, formerly known as New York Community Bancorp. The bank provides consumer and business banking services through deposits, checking and savings accounts, lending, cash management, and digital banking channels.

Flagstar’s lending activities include residential mortgages, mortgage servicing, commercial real estate loans, multifamily financing, commercial and industrial loans, and other consumer credit products.